Watch Your Health, a healthtech startup has raised $5m in funding, with Cornerstone Ventures from India and Conquest Global from Singapore leading the funding round. The investment will help the company to complete its mission of transforming healthcare management through its technology.
Vision of Watch Your Health
Watch Your Health wants to bring about change in the way that healthcare is managed through the use of technology. Their vision is to allow people to take charge of their health through artificial intelligence and health management plans. They try to offer users the tools to become masters of their fate in terms of health for the future.
Data Protection and Privacy in Watch Your Health
Watch Your Health respects the privacy of its users and does not take the privacy and protection of data lightly, especially when it concerns health information. Products such as fitness trackers and smartwatches that are worn fall under what is commonly referred to as wearable digital health technology, and one of the issues arising from this is data privacy and protection. It should also be noted that the information about one’s health that is stored in these devices is considered private and confidential.
Smart Accessories measure and record personal biometrics including pulse, motion, and sleep. This data is frequently stored in the cloud and it might be possible for third parties to obtain access to it. It is essential to be open about how the data would be used to ensure privacy is a non-issue.
Current laws such as GDPR and HIPAA offer some protection, but more stringent legislation and industry regulations are required to address the proper utilization and protection of PHD competently. Recent incidents involving loss of privacy and mishandling of peoples’ data have shown a need for strong privacy measures in wearable health technologies.
Proactive Health Management
Watch Your Health has the potential to create a new approach to health management among individuals. Built on the principles of the AI and personal approach the platform helps users to make the necessary changes towards a better future lifestyle. With this funding, the company aims to amplify the technology and grow the number of users across the world.
B2B and Continuous Engagement
Watch Your Health was established in 2015, and it supports insurers and pharmaceutical companies. It complements consumer apps by giving analysis based on the data gathered from various appliances such as fitness monitors and medical histories. The platform does not only enhance persistence but also increases overall health and wellness. Here, it avails intelligent algorithms and underwritten premium discounts that help drive lower claims insurers.
Image Source: Watch Your Health
Global Partnerships
Watch Your Health works with healthcare providers in different countries around the globe. The major players include Watania Takaful and Shalina Healthcare from the United Arab Emirates. Ratheesh Nair, Co-founder, of Watch Your Health said that he was delighted with the development of the fund and reiterated that the platform wants to make the nation healthier. Nanika Kakkar, a working partner at Cornerstone Ventures, noted that the service has a very strong value proposition at its core.
Some Specific Goals of Watch Your Health
The goal of the platform is to equip people with knowledge and data about their health and encourage them to take action regarding their health beforehand. Watch Your Health aims to enhance health literacy by providing clear information, recommendations, and educational content focusing on particular diseases.
It mainly targets insurance players to come up with mutually beneficial arrangements. It seeks to lower insurance claims and improve the insurers’ ability to make profits, particularly among users who will adopt healthier lifestyles. The platform Watch Your Health aims to cover a large audience across the world and provide its services to users of different countries and cultures. The platform is set on the strategic direction that aims to maintain its position as a leading healthtech. This entails improving on AI algorithms, optimizing user experiences, and incorporating new capabilities.
Conclusion
When health is an immediate concern, Watch Your Health is ahead of the curve, offering a solution for turning data into care and support. The objectives of Watch Your Health include user control, promotion of knowledge, partnership, international influence, and the use of technology.
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