Digipeutics or Digiceuticals (also known as Digital Therapeutics, a subset of digital healthcare, is a health discipline which uses digital or online healthcare technologies sometimes in addition to traditional medicine/therapy to make behavioral and lifestyle changes in patients. Can a mobile app replace traditional drug? That’s the bigger question behind the new emerging trend known as “Digital Therapeutics”. The Simple reason why “Digipeutics” has got everyone’s attention is that because of the digital nature of the methodology, data can be collected and analyzed as both a progress report and a preventative measure.
The treatment relies on behavioral and lifestyle changes usually spurred by a collection of digital impetuses. Digital therapeutics often employ strategies rooted in cognitive behavioral therapy. Digital therapeutics can be used as a standalone therapy or in conjunction with more conventional treatments like pharmacological or in-person therapy.
LSV Group (popularly known as Life Science Vision Group) with Healthcare Hatchery Innovation Labs has recently spin-out a start-up firm “Digipeutics(TM) Technologies” which is dedicated to design and develop digital treatment options for the prevention and management of a wide variety of diseases and conditions including but not limited to type-2 diabetes, congestive heart failure, obesity, Alzheimer’s, dementia, asthma, substance abuse, ADHD, Anxiety, depression and several others. This is also India’s first digital therapeutics focused firm.
“There are no doubt that future in healthcare belongs to a combination of new age digital solutions and traditional therapies. Looking at the current ratio of healthcare professionals to patients, we need clinically approved digital therapeutics solutions more than ever. We are entering this space at a time when its still fluid space which everyone is trying to categorize”
There is no doubt that future in healthcare belongs to a combination of new age digital tools and traditional therapies. Looking at existing ratio of healthcare professionals to patients, we need clinically approved digital therapeutics tools more than ever, said Shu Joshi, Joint MD & CEO of LSV GROUP who also coined the term “Digipeutics” in 2013 when the only famous names in digital therapeutics world were Proteus Digital, Omada healthcare and click therapeutics. We are aiming to test roll out our first pre-clinically approved tool for patients which type 2 diabetes in the last quarter of 2018.
Peter Hames, the British CEO of a startup called Big Health, which offers an online therapy program for insomnia suffers called sleep.io that it claims can replace “pills or potions” with visualization exercises. Hames says digital therapies fall into two groups, which he calls “medication augmentation” and “medication replacement.” He says sleep.io is in the latter category because it actually makes sleeping pills unnecessary.
Business process management (BPM) is a holistic management approach focused on aligning all aspects of an organization with the wants and needs of clients. It promotes business effectiveness and efficiency while striving for innovation, flexibility, and integration with technology. BPM attempts to improve processes continuously. It can therefore be described as a “process optimization process.” It is argued that BPM enables organizations to be more efficient, effective and capable of change than a functionally focused, traditional hierarchical management approach.
Great things in business are never done by one person. They’re done by a team of people.
Many businesses are operated through a separate entity such as a corporation or a partnership (either formed with or without limited liability). Most legal jurisdictions allow people to organize such an entity by filing certain charter documents with the relevant Secretary of State or equivalent, and complying with certain other ongoing obligations. The relationships and legal rights of shareholders, limited partners, or members are governed partly by the charter documents and partly by the law of the jurisdiction where the entity is organized.
Generally speaking, shareholders in a corporation, limited partners in a limited partnership, and members in a limited liability company are shielded from personal liability for the debts and obligations of the entity, which is legally treated as a separate “person”. This means that unless there is misconduct, the owner’s own possessions are strongly protected in law if the business does not succeed.
Where two or more individuals own a business together but have failed to organize a more specialized form of vehicle, they will be treated as a general partnership. The terms of a partnership are partly governed by a partnership agreement if one is created, and partly by the law of the jurisdiction where the partnership is located.
I love those who can smile in trouble, who can gather strength from distress, and grow brave by reflection. ‘Tis the business of little minds to shrink, but they whose heart is firm, and whose conscience approves their conduct, will pursue their principles unto death.
No paperwork or filing is necessary to create a partnership, and without an agreement, the relationships and legal rights of the partners will be entirely governed by the law of the jurisdiction where the partnership is located.
A single person who owns and runs a business is commonly known as a sole proprietor, whether that person owns it directly or through a formally organized entity. Depending on the business needs, an adviser can decide what kind is proprietorship will be most suitable.
Some businesses are subject to ongoing special regulation, for example, public utilities, investment securities, banking, insurance, broadcasting, aviation, and health care providers. Environmental regulations are also very complex and can affect many businesses.
Some specialized businesses may also require licenses, either due to laws governing entry into certain trades, occupations or professions, that require special education, or to raise revenue for local governments. Professions that require special licenses include law, medicine, piloting aircraft, selling liquor, radio broadcasting, selling investment securities, selling used cars, and roofing. Local jurisdictions may also require special licenses and taxes just to operate a business.
The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.
Businesses often have important “intellectual property” that needs protection from competitors for the company to stay profitable. This could require patents, copyrights, trademarks, or preservation of trade secrets. Most businesses have names, logos, and similar branding techniques that could benefit from trademarking. Patents and copyrights in the United States are largely governed by federal law, while trade secrets and trademarking are mostly a matter of state law. Because of the nature of intellectual property, a business needs protection in every jurisdiction in which they are concerned about competitors.
Many countries are signatories to international treaties concerning intellectual property, and thus companies registered in these countries are subject to national laws bound by these treaties. In order to protect trade secrets, companies may require employees to sign non-compete clauses which will impose limitations on an employee’s interactions with stakeholders, and competitors.