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CoI’Q with Dr. Roxie is a first-of-its-kind interactive video show, where top health innovators, early adopters, and influencers speak candidly about the peaks, valleys, and wild ride of commercializing healthcare innovations.

Many people will launch a new product, but few will commercialize it. On CoI'Q, you'll learn the difference between launch and commercialization, so you can circumvent failure, accelerate customer adoption, and optimize market success! Brought to you by Legacy DNA, a healthcare marketing firm.

May 30, 2019

In an age of digitized healthcare, some of the biggest issues and challenges for innovators are privacy, how patient information is collected and protected, and how legislation impacts the landscape of innovation. How can health innovators uphold regulations in their business models and operations? How can privacy influence the success and failure of an innovation?

 On this episode Lucia Savage, Chief Privacy and Regulatory Officer at Omada Health, shares on why healthcare innovators needs to uphold and embrace privacy, how to make it part of their business model, and the biggest myths about HIPAA.

 

3 Things We Learned

  • New HHS announcements and how they impact innovators
  • The two classes of digital health innovation
  • How healthcare innovators should be thinking about privacy

 

The success of digital health companies is immensely dependent on how well they handle the sensitive issue of personal patient/customer data. Even if a digital innovation is only regulated by the FTC and not HIPAA, the impact of data breaches or mishandled information can do real damage to the patient, so the same level of care and cautiousness should be applied, regardless of who’s regulating the innovation. Innovators do well when they leverage privacy as part of their business model positioning strategy. Ultimately, by embracing the well-founded rules and building innovations on practices that protect the rights of patients, the product is more likely to succeed long-term.