The POPS!® one System is a virtual diabetes management platform. The system combines the power of the user’s phone with an app and an integrated glucose monitor. People who use the system can manage their condition through their phone using a simple experience, leading to improved outcomes.
As you imply in your question, people often like to think of digital health as standalone software and medical devices a standalone devices. As virtual care matures beyond telehealth to the point of technology that enables people to own their condition’s management, the industry will see more and more solutions that connect devices with intelligent software. We have run into minor issues where investors or competitions prefer to box-in solutions to “medical device” or “software,” but this is usually resolved with some discussion. Additionally, it is always a decision, following regulatory guidance, regarding what part of the system falls into regulatory review. Having software and connectivity as part of the combined system certainly brings additional development and security work into the process and final regulatory review.
It is important for us, as a company that is mission driven, to deliver the user experience that people love and help those same people achieve better health outcomes. POPS! will be focusing on achieving these milestones, which will then drive our key business milestones of client, user, and revenue growth.
The majority of healthcare dollars spent on diabetes is spent on complications from poor diabetes management. Our mission is to reinvent how people manage their health. With all of the money we spend on healthcare, we are still wasting too much on addressing the complications that come from poor healthcare. At the same time, spending is decreasing on a key prevention measure: primary healthcare. We need to introduce more virtual care into our healthcare industry to help people take early and appropriate measures to prevent future healthcare spending and waste for health complications.
Healthcare will be better when we can get rid of the labels. Why do we insist on calling people “patients” or “diabetics?” When I walk into a clinic, I am Lonny, not “Lonny the diabetic.”
Yes, I have diabetes and need to manage my condition, but it does not define who I am. I am a person first and foremost.
This becomes exponentially more important as the consumerization of healthcare is taking root in our culture. People who need healthcare do not want to be labeled a patient—they want to consume healthcare and will demand the same type of consumer experience that they demand whether they are online shopping or going to a restaurant. Anyone in healthcare that holds onto traditional beliefs that we “treat patients” risks falling behind.
There is absolutely a place for how current drugs and devices are sold and whom they are sold to. However, POPS! achieves our goal when we combine a simple consumer experience with virtual care to allow people, who need to manage a condition, the power to manage their condition on their terms. This type of thinking and service does not fit the traditional healthcare payment system well. As healthcare consumerism, technology, and treatments evolve, we should also expect the way healthcare is paid for to evolve. Employees desire cutting-edge benefits and employers desire reduced healthcare spending, so POPS! going directly to these stakeholders with novel healthcare is a great business fit.
Welcome to Medical Alley Association’s For The Record interview series, brought to you by West Monroe Partners. Join us as we sit down with innovators in the delivery, payment, technology, and policy industries, giving us – and in turn, you – access to diverse perspectives on how healthcare is changing and what lies ahead.
Medical Alley is the global epicenter of health innovation and care; For The Record, is meant to share insights and spark discussion. If you have a perspective on the future of healthcare, feel free to share it by reaching out to Frank Jaskulke, Vice President of Intelligence at firstname.lastname@example.org