Free smoothies or wearable tech for doing a daily dose of exercise or changing your eating habits is not just Discovery Health being Mr Nice Guy. There is an ulterior motive, albeit a well-intentioned, strategic one. The company is using behaviour modification to build a shared value business model, which is sustainable.
It boils down to managing the growing epidemic of lifestyle diseases such as diabetes, heart disease and certain cancers, the estimated cost of this to the global economy is over $30trn over the next 20 years. Dr Ryan Noach, deputy chief executive officer, Discovery Health, says most non-communicable diseases (NCDs) are modifiable through changing habits such as eating and exercise. “Individual behaviour tends to be irrational. For example, when questioned, 52% of people with up to five NCDs, were inherently optimistic about their health, and had deferred action.”
So, in a nutshell, Vitality rewards members today to bend the mortality curve for longer-term risk mitigation, he says.
There’s been a massive and rising investment in digital healthcare, particularly along three themes, namely telemedicine, enterprise software and business-to-consumer interface, he says.
He touches on telemedicine, but speaks very enthusiastically about the other two themes, probably because of the amount of capital Discovery Health has ploughed into them.
Fragmentation and a lack of care coordination are costing medical aids. For instance, diagnostic tests are often repeated in the chain of care. A GP may order a blood test to confirm a diagnosis before referring a patient to a specialist, who will repeat the same test because he or she does not have access to the results of the prior test.
The same goes for providing a medical history. A patient generally has to complete the same paperwork at each practitioner he or she visits, which creates unnecessary admin work. There have also been situations where patients have forgotten to mention information that could have implications on treatment protocols.
So, Discovery Health is developing a centralised electronic medical records platform where practitioners can access patient information (with the patient’s permission, of course) and get a full medical history at a touch of a button, he explains.
Noach is excited about Discovery Health’s new digital healthcare platform, DrConnect, which the company will be launching shortly. This is a predictive artificial intelligence (AI) engine which "glues doctors and patients together and provides contextual and meaningful information. AI is going to change doctors’ jobs. It’s patient-centric and allows them to manage their own care,” he says.