#mybasis

Intel Completes Acquisition of BASIS Science Inc.

Press Release

NEWS HIGHLIGHTS

Intel has completed the acquisition of BASIS Science Inc., a privately held company and the creator of the Basis band, the world’s most advanced health tracker and web and mobile service.

The acquisition accelerates Intel’s wearable products focus. It also brings access to new technology, and further expands the leadership team with new people who have a proven…

Note: Below was written on December 22nd,  2013, but  “publish” button was never pressed.. The My Basis acquisition announcement triggered my memory. The idea was to publish this after all the new year’s resolutions, recaps of 2013 and predictions for 2014 were over…

“We are well past last year’s recaps and 2014 bold predictions season: what technologies to watch, hottest trends, investment forecasts, people who will make a difference and much more. So my flashback of Healthcare in 2014 is an attempt to jump into the digital health time machine and pick out top 3 trends and events that will shape the future of 2015 health innovation on December 31st, 2014 – please note the complete fictional characteristics of this post.) 

Sitting near a fireplace, it is nice to reflect on 2014 and all the innovation that pushed digital healthcare forward this year to make an impact to us, the healthcare consumers, so without further adieu my top 3 :

Consumer genetic tests get a boost with FDA clearance

I am sure you all remember the big news last December, when the FDA arbitrarily issued a warning letter targeted at 23andme to stop marketing it’s genetics kit that has been on the market since 2007. Since early in the year, only ancestry information was possible with the kit, 23andme made a smart move in lowering the price to $49.95 with a promise to “turn-on” full genetic analysis once the FDA cleared the pathway. This was a smart move to bring a great amount of consumers to the platform. The promised collaboration with the FDA was successful and 23andme resumed the analysis of new kits as well as a backlog of hundreds of thousands of ancestry kits giving the company a greater pool of consumers to analyze for the humanity’s social good. In other news, an innovative Saas EHR, Dr.Chrono integrated 23andme data (with consumer consent of course) to help physicians make sense of the genetic data in a clear and concise format.

Medical Body area networks and quantified self moved even closer to mass adoption

We made a lot of progress in this space and the 2014 QS conference was a huge success with the most attended delegates ever! To paraphrase my good friend and a fellow Health 2.0 (London) Chapter organizer, Maneesh Juneja says – “our bodies produce a lot of data, we just can’t capture it all yet but the potential is there”. Well this year we have seen at least a dozen new fitness trackers including the one from Sony at CES, that joined the early leaders in the space: FitBit, Basis Science and Jawbone UP. Intel which is a big investor in Basis , purchased them outright in May to continue their foray into wearables science. They also led an investment round into TicTrac to consolidate the data for their investments and beyond. Cleveland Clinic registered the 2360-2390 MHz FCC approved hospital band and partnered with Cisco Systems to pilot their Connected Patient platform.

Investors continue rushing into Digital Health

Over $2B was pumped into digital health space by  investors in 2013 but this year the industry saw even a larger increase, reaching $3.13B. Corporate venture arms poured money into the market as a way to acquire technology and talent to fast forward their internal innovation processes (yep internal innovation – is there such a thing?).  The long tail of the investment community, who was sitting on the sidelines, also has jumped significantly bringing new logos to the investor’s board.  Big Data Clinical Analytics and Wearbles for the first time individually surpassed EHR Software investments showcasing the need for body-producing data captures and actionable analysis focused on preventative care.

Waiting for idiots in airport security more stressful than public speaking

As a Christmas gift Beth and I gave each other Basis watches.  The Basis is a little like the BodyMedia, Nike Fuel Band, etc. in that it counts steps, monitors skin temp, sweat rate, calorie burn, sleep quality etc.  But the best part of the MyBasis is that it constantly measures your heart rate without a chest strap.  It's really interesting to see your heart rate throughout the day.  And because an elevated resting heart rate is a sign of over training, it's a good way to keep from going overboard.

So last week I had a presentation to the global sales organization (>800 people) of a business partner.  The presentation was a hit; I started out by jumping into the audience to take an Ellen Degeneres Oscar-style selfie (top photo).  You can see that my heart rate climbed to the 90's - not too surprising.  But I was surprised to see that my heart rate got even higher as I impatiently waited for infrequent travelers to navigate their way through security - I may need to chill out a little at the airport.

The bottom chart is from Friday, a typical day in the office.  Although I have a treadmill desk, it only goes up to 2 miles an hour.  Because it's so slow and my hands are still on my keyboard I don't get credit for steps and my heart rate stays low.  But I still think it's better than sitting.

As a reference, Postscapes published its 2012 winners with Postscapes and People's choices.

And the winners are:

For Postscapes

Mybasis.com: heart rate monitoring, for the design Netatmo.com: -YEAHHH French product as me :) -, a personal weather station (very cool design)

Motionloft.com: Big+Open Data city monitoring (pedestrian+vehicles), one of the first large B2B strategy in the IOT field

People's choice

Restdevices: what a design, wonderful integration of sensors! And as a geek I love the name (RESTdevices)

Smartthings: Home watch. The first integrated solution to monitor critical sensors (temp, motion, moisture, ...) in your home

Streetline Parksite: Easily find a parking to save gallons of fuel and CO2