Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - 30th Nov 21
Omicron Covid Wave 4 Impact on Financial Markets - 30th Nov 21
Can You Hear It? That’s the Crowd Booing Gold’s Downturn - 30th Nov 21
Economic and Market Impacts of Omicron Strain Covid 4th Wave - 30th Nov 21
Stock Market Historical Trends Suggest A Strengthening Bullish Trend In December - 30th Nov 21
Crypto Market Analysis: What Trading Will Look Like in 2022 for Novice and Veteran Traders? - 30th Nov 21
Best Stocks for Investing to Profit form the Metaverse and Get Rich - 29th Nov 21
Should You Invest In Real Estate In 2021? - 29th Nov 21
Silver Long-term Trend Analysis - 28th Nov 21
Silver Mining Stocks Fundamentals - 28th Nov 21
Crude Oil Didn’t Like Thanksgiving Turkey This Year - 28th Nov 21
Sheffield First Snow Winter 2021 - Snowballs and Snowmen Fun - 28th Nov 21
Stock Market Investing LESSON - Buying Value - 27th Nov 21
Corsair MP600 NVME M.2 SSD 66% Performance Loss After 6 Months of Use - Benchmark Tests - 27th Nov 21
Stock Maket Trading Lesson - How to REALLY Trade Markets - 26th Nov 21
SILVER Price Trend Analysis - 26th Nov 21
Federal Reserve Asks Americans to Eat Soy “Meat” for Thanksgiving - 26th Nov 21
Is the S&P 500 Topping or Just Consolidating? - 26th Nov 21
Is a Bigger Drop in Gold Price Just Around the Corner? - 26th Nov 21
Financial Stocks ETF Sector XLF Pullback Sets Up A New $43.60 Upside Target - 26th Nov 21
A Couple of Things to Think About Before Buying Shares - 25th Nov 21
UK Best Fixed Rate Tariff Deal is to NOT FIX Gas and Electric Energy Tariffs During Winter 2021-22 - 25th Nov 21
Stock Market Begins it's Year End Seasonal Santa Rally - 24th Nov 21
How Silver Can Conquer $50+ in 2022 - 24th Nov 21
Stock Market Betting on Hawkish Fed - 24th Nov 21
Stock Market Elliott Wave Trend Forecast - 24th Nov 21
Your once-a-year All-Access Financial Markets Analysis Pass - 24th Nov 21
Did Zillow’s $300 million flop prove me wrong? - 24th Nov 21
Now Malaysian Drivers Renew Their Kurnia Car Insurance Online With - 24th Nov 21
Gold / Silver Ratio - 23rd Nov 21
Stock Market Sentiment Speaks: Can We Get To 5500SPX In 2022? But 4440SPX Comes First - 23rd Nov 21
A Month-to-month breakdown of how Much Money Individuals are Spending on Stocks - 23rd Nov 21
S&P 500: Rallying Tech Stocks vs. Plummeting Oil Stocks - 23rd Nov 21
Like the Latest Bond Flick, the US Dollar Has No Time to Die - 23rd Nov 21
Cannabis ETF MJ Basing & Volatility Patterns - 22nd Nov 21
The Most Important Lesson Learned from this COVID Pandemic - 22nd Nov 21
Dow Stock Market Trend Analysis - 22nd Nov 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

How Your Smartphone Can Fix America’s Healthcare Crisis

Companies / Healthcare Sector Dec 22, 2020 - 05:46 PM GMT

By: Stephen_McBride


At 30,000 feet in the air, a passenger was suddenly crippled by severe chest pains. The flight attendant called over the loudspeaker, “Is there a doctor on board?” A tall man rose from seat 6C. And the first thing Dr. Eric Topol reached for was his iPhone.

He plugged a credit card-sized heart monitor into the phone and placed it on the woman’s chest. The doctor didn’t need fancy machines to diagnose the problem. An iPhone app showed she was on the verge of a major heart attack.

Topol recommended the pilot make an emergency landing. The passenger was rushed to the hospital and survived.

Eric Topol isn’t some quack with a phone. He’s one of America’s leading cardiologists. And a couple of years ago, he made a shocking prediction: The smartphone will upend every aspect of healthcare.

Longtime RiskHedge readers know healthcare is America’s most broken industry. In fact, the surest way to go broke in America today is to get sick. Healthcare accounts for one in five dollars spent in America, topping $3.8 trillion in 2019. This blew me away: over half a million folks filed for bankruptcy last year due to medical bills. It’s now the #1 cause of personal bankruptcy.

This is a big reason medical care costs have jumped 200%+ since 2000. For example, US hospitals spent $600 billion on admin and billing alone last year.

What If I Told You Smartphones Can Fix America’s Healthcare Crisis?

If you’ve ever had an ultrasound scan, you know it involves big, expensive machines. New high-end scanners, like the ones in maternity hospitals, can cost $350,000 apiece. And doctors charge a couple hundred bucks to perform an ultrasound.

Little-known disruptor Butterfly Networks is turning this $8 billion market on its head. The firm invented a “beard shaver” shaped instrument that transforms any smartphone into a handheld ultrasound machine:

You simply plug it into the headphone jack of your phone, open Butterfly’s app, and you’re ready to perform an ultrasound. And get this: the FDA-approved portable scanner costs just $1,899.

Doctors perform 125 million ultrasounds each year in the US. Research shows handheld devices, like the Butterfly IQ, could handle 80%+ of these scans. In other words, we’re replacing a $350,000 clunky machine with an iPhone attachment! These clinical-grade scanners can be used anywhere, so Walmart Health could offer ultrasounds for, say, $49.

This Is Happening In Every Corner Of Healthcare

Think of the billions (and eventually trillions) of dollars it will save. The iPhone attachment Eric Topol used to save a fellow passenger’s life costs $99. Topol stopped using traditional ECG machines in his practice when this system got FDA approval. And he told MIT in an interview: “We save $100 for every one of these we do.”

Skin cancer is the most common form of cancer in the US. Roughly 9,500 Americans are diagnosed with the disease each day. And it takes several trips to the doctor’s office to diagnose a spot on your skin as dangerous.

Imagine you could snap a picture of a mole and get an instant diagnosis? SkinVision has an app for that. You take a picture of your skin using the app. Within 30 seconds, SkinVision’s robo-dermatologist tells you if you have anything to worry about.

The latest research shows SkinVision’s app is 95% accurate, beating even leading dermatologists. And get this: you can carry this expert doctor around in your pocket for just $50/year.

Did you know ear infections are the most common reason parents bring kids to the hospital? Cupris Health developed an iPhone attachment that lets you perform an ear exam without leaving your home. The clinical-grade otoscope plugs into your headphone jack and captures high resolution images inside the ear. Cupris’s app then diagnoses the problem.

Imagine how many midnight trips to the ER this app could save parents? Silicon-Valley based disruptor Eko invented a $349 attachment that turns your smartphone into a clinical-grade stethoscope. It can monitor vital signs for early detection of heart and lung problems. Eko’s devices have proven to be significantly more accurate at detecting heart problems than human doctors.

Smartphones Are Disrupting How And Where We Access Healthcare

Remember when you had to call up a travel agent to book a flight? Now, you can do it yourself with an app. A similar transformation is happening in medicine. You’re carrying around an expert doctor in your pocket—one that can perform lab-grade tests, allowing you to skip the hospital bills.

Remember, healthcare is a $3.8-trillion industry in the US alone. This is, hands down, one of the most lucrative opportunities of our lifetimes.

The Great Disruptors: 3 Breakthrough Stocks Set to Double Your Money"
Get my latest report where I reveal my three favorite stocks that will hand you 100% gains as they disrupt whole industries. Get your free copy here.

By Stephen McBride

© 2020 Copyright Stephen McBride - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in