Ray Parks is back-to-back ABL Local MVP

first_imgCarpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Jo Koy draws ire for cutting through Cebu City traffic with ‘wang-wang’ Volcano watch: Island fissures steaming, lake water receding LATEST STORIES Don’t miss out on the latest news and information. Parks became only the second player to win the Local MVP award in back-to-back seasons after Singapore Slingers guard Wong Wei Long achieved the feat in the 2014 and 2015-16 seasons.He is also the third Filipino to win the hardware after Leo Avenido (2012) and Asi Taulava (2013), both of whom played for the San Miguel Beermen.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownParks bested Hong Kong Eastern’s Lee Ki, who averaged 11.0 points, and 4.4 assists, and Singapore’s Delvin Goh, who netted 8.3 points and 4.9 boards.The 25-year-old wasn’t the lone San Miguel Alab Pilipinas player to take home a trophy. In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ View comments Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Scientists seek rare species survivors amid Australia flames Renaldo Balkman was also honored as the co-Defensive Player of the Year, sharing the award with Singapore’s Chris Charles.The Puerto Rican forward collected 10.9 boards, 2.2 steals, and 1.9 blocks as he served as the rock for the Philippine side in their path to the championship. It will be the first time the league has ever given the award to two individuals.Fil-Am Mikh McKinney of Chong Son Kung Fu bagged the Heritage Import MVP award after nabbing 22.2 points, 5.6 rebounds, 5.8 assists, and 2.2 steals.He bested Hong Kong Eastern’s Fil-German forward Christian Standhardinger and Mono Vampire’s Fil-Am guard Jason Brickman.Chong Son’s Anthony Tucker also claimed the World Import MVP after posting 22.7 points, 8.3 boards, 7.8 assists, and 1.6 steals.ADVERTISEMENT MOST READ Green group flags ‘overkill’ use of plastic banderitas in Manila Sto. Niño feast Balkman and Hong Kong’s Marcus Elliott were also in the running for the award.Chong Son Kung Fu coach Charles Dube-Brais was named as this season’s Coach of the Year after steering the Chinese team to the best record in the league at 15-5, including an immaculate 10-0 slate at home.Among the candidates were Jimmy Alapag of San Miguel Alab Pilipinas, Douglas Marty of Mono Vampire, and Edu Torres of Hong Kong Eastern.Sports Related Videospowered by AdSparcRead Next ‘Stop romanticizing Pinoy resilience’ Onuaku, Bolts off to dominating start in PBA Commissioner’s Cup Ray Parks. Photo from ASEAN Basketball LeagueSTA. ROSA — Bobby Ray Parks Jr. once again stamped his class in the regional league and was honored as the 2018 ASEAN Basketball League Local MVP for the second straight season.The second-generation star netted 15.4 points, 4.4 rebounds, and 3.5 assists as he steered the San Miguel Alab Pilipinas reach the Finals in its second year in the league.ADVERTISEMENT P16.5-M worth of aid provided for Taal Volcano eruption victims — NDRRMC Truck driver killed in Davao del Sur road accidentlast_img read more

Children of ex-sugar workers receive donations

first_imgAs former sugar workers and their families continue to face the many impacts resulting from the Wales Sugar Estate closure, 22 of the affected children who attend the nearby Patentia Secondary School received donations of items totalling $2 million.Twenty-two students at Patentia Secondary School, West Bank Demerara received donations from an overseas-based businessman after many parents lost employment at the Wales Sugar EstateNearly two years after the official shutting down of operations at the Estate, many sacked sugar workers are still dealing with reduced employment and financial challenges.As a result, some parents chose to rotate sending their children to school which caught the eye of the education officers.Recognising many of these concerns, an overseas-based businessman, through prominent Attorney-At-Law Christopher Ram, made the timely donation.Among the items are stationery supplies and haversacks; one student from the distant community of Free and Easy was given a bicycle to travel to school.A section of the students at the handing over on Tuesday morningHeadmistress Collette Reedon, who has been stationed at the school for about one year, says that these timely donations give the school a more positive image while assisting parents in the community who have encountered difficulties.She told Guyana Times that a study was conducted to select the students who were most in need.Attorney Ram noted that four other schools on the West Bank of Demerara are slated to receive similar donations while there are also plans to give a few scholarships to students.Wales Sugar Estate officially ended operations in December 2016. To date, many of the workers have not been paid severance packages.last_img read more

CONCERN RAISED OVER NEW PROPOSAL IN SCHOOLBOYS FOOTBALL

first_imgFOOTBALL: Concern has been expressed following a rule proposal by the Donegal Schoolboys League, which will be tabled at an AGM tomorrow morning. The DSL have written to clubs requesting that they agree to allow them to ‘fine’ the club – should any of their players not wish to make themselves available to the League Committee for selection on League Centre squads. However, this has caused concern among many parents and club delegates who believe the rule is extreme, unnecessary and unclear.There are many queries both club delegates and parents have regarding the rule, and they are demanding that there is clarification surrounding all queries before the proposal is voted on by club delegates at an AGM tomorrow morning.Below is the exact wording of the motion being tabled.“All clubs in membership must make their players available to the League Committee for selection on League Centre squads. Failure to adhere to selection agreements involving associated academies will result in a fine.”One worried parent who brought the proposal to our attention – and who wishes to remain anonymous wants clubs and parents to understand the ramifications which could be caused if the rule is passed.“My issue with the rule is that there could be any number of reasons as to why a young player wouldn’t want to make himself available to a DSL selection side.“He may have issues with the manager, so if he opts out of the squad is the club fined?“Or if he has other commitments with another sport – and genuinely can’t give the time required to play for the DSL side – does the club still get punished?“There could be multiple reasons as to why a young player may not wish to represent the DSL side, but to me this rule is quite draconian, and not very clear, and to be honest in my opinion it’s unfair on players and clubs. “Club delegates and parents need to be aware of the ramifications this rule could have before they vote on it at the AGM tomorrow morning.”CONCERN RAISED OVER NEW PROPOSAL IN SCHOOLBOYS FOOTBALL was last modified: June 24th, 2016 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:ConcernDSLEyebrowsFAInewsproposalSportlast_img read more

CLASSY CELTIC SHAKE OFF BOMB THREATS TO WIN 4-0

first_imgCLASSY Celtic turned on the style to win 4-0 against Kilmarnock at Rugby Park – to close the gap on Rangers to a point going into Sunday’s Old Firm match.The Hoops – who have a game in hand – came into the match amidst the nail bomb threats to manager Neil Lennon.The Co Armagh man was warmly greeted by the travelling Celtic support as cops in Glagow continue their hunt for the crazed loyalist thug behind attempts to kill Lennon. And if any of his players were worried about the increased security levels, they certainly didn’t show it….playing beautiful football the Celtic way.A superb move saw Gary Hooper set up Kris Commons to fire in the opener after just four minutes.The Scotland international doubled his tally after the half-hour mark with a great drive, before Hooper hit the third just before the interval.Anthony Stokes hit the roof of the net for Celtic’s fourth in the 58th minute with a powerful shot from 10 yards. The Dubliner has been in sparkling form and put in another great performance against Killie. The win puts pressure on league leaders Rangers ahead of Sunday’s crucial Glasgow derby when Neil Lennon’s Celtic make the trip to Ibrox, having played one match fewer than their rivals.All fans of the Old Firm will be hoping that the headlines on Easter Sunday will be about the football – and not the lunatics who are using it for their own ends.Rangers assistant manager Ally McCoist has publicly condemned the threats – calling them ‘evil’,CLASSY CELTIC SHAKE OFF BOMB THREATS TO WIN 4-0 was last modified: April 20th, 2011 by gregShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:CelticNeil Lennonlast_img read more

COLEMAN THE STAR MAN IN EVERTON’S VICTORY OVER YOUNG BOYS

first_imgSeamus Coleman was on target for Everton last night during their brilliant win over Young Boys.Seamus Coleman was on the score-sheet in Switzerland last night as Everton recorded a superb win over Young Boys of Bern in the last thirty-two of the Europa League.Coleman was in sensational form and found the net on a glorious night for Everton which all but ensured their passage to the last sixteen.Coleman also provided an assist for Belgian striker Romelu Lukaku who helped himself to a hat-trick. Coleman is regarded by many as one of the finest full-backs in Europe and only last week was linked with a move to European giants Bayern Munich.Former Manchester United star Denis Irwin has urged Coleman to leave Everton so he can develop into a world-class player.Irwin feels he has to playing in Europe’s premier competition the Champions League in an effort to improve as a player.However, Roberto Martinez feels Coleman is already a world-class talent that will continue to flourish at Goodison Park.   COLEMAN THE STAR MAN IN EVERTON’S VICTORY OVER YOUNG BOYS was last modified: February 20th, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:europa leagueEverton FCnewsseamus colemansoccerSportlast_img read more

Taoiseach puts responsibility of illegal dumping issues on Donegal’s councillors

first_imgAn Taoiseach Leo Varadkar has said that Donegal’s Councillors should be dealing with the county’s major waste management and waste enforcement issues.The Taoiseach said that responsibility lies with local authorities to control waste enforcement and that Councillors should hold the executive to account.The Taoiseach said that the RTE Investigates programme uncovering Ireland’s illegal dumping controversies “was a disturbing picture that tells us that we have a long way to go when it comes to waste enforcement in Ireland.” The programme claimed that illegal dumping was taking place on a massive scale in Moville, Rossbracken, and there had been major cross-border dumping problems in Bridgend.Rossbracken, Co. Donegal is the scene of one of the worst cases of illegal dumping in the county in recent years. There is an estimated 36,000 tonnes of waste buried on the 11 acre site #RTEInvestigates pic.twitter.com/CVh1YTpYZy— RTE One (@RTEOne) June 18, 2018Mr Varadkar said: “We need to bear in mind that local authorities have a responsibility to decide how they allocate their own resources. Donegal allocates the least compared with other counties.”He pointed out that Donegal County Council has the largest delegation of Fianna Fáil members. The second largest is Fine Gael, and he said he would be discussing the matter with them. Mr Varadkar’s passing of responsibility to local councillors was described as ‘rubbish’ and ‘petty’ by Fianna Fail TDs in Dáil Éireann yesterday.Fianna Fáil leader Micheál Martin said the performance of Donegal County Council in waste enforcement and management must be investigated. He called on the Taoiseach to have a fact-finding inquiry to try to get a national picture of what was revealed by RTÉ Investigates.“We can say we have come a long way and we should move on but a tipping point has been reached, if the House will excuse the pun, and we need to deal with it legislatively,” Mr Martin said.Mr Varadkar said that all of the cases raised in the programme last night are either under investigation or have been closed already. He said: “while our compliance rate has improved beyond measure in recent years, our system is far from perfect and it would seem that a certain minority continues to feel that flouting the law is worth the risk.”Mr Varadkar said that enforcement action against illegal waste operators lies with the council and the EPA. “I would expect elected members on local authorities to hold their executive to account as well, not least in Donegal,” Mr Varadkar said.Taoiseach puts responsibility of illegal dumping issues on Donegal’s councillors was last modified: June 21st, 2018 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Sometimes you get the extra base, sometimes you get picked off stealing in the marketing game

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The market focused on Argentina’s extremely dry conditions during the week, which if it continues, could be the driest summer in the last 40 years. Consequently, the bean market saw a nice rally.Wheat conditions are also dry in the southern plains, which is pushing prices up. However, many say wheat has “nine lives” or that “wheat is a weed” meaning that it is hard to kill. Still, there is going to be some damage, but the extent is unknown. Even so, there is significant supply in storage, so there is still some uncertainty on the wheat market direction.The increases in both beans and wheat pulled up corn prices to levels unseen since last summer. Summer weather uncertainty is also contributing to the rally as speculators bet on potential weather problems.The last few weeks feel like grains have turned a corner and will continue a trend higher. However, it’s important to be cautious for several reasons. One, it’s important to not forget the heavy supply still in storage. This could be somewhat offset if exports are able to increase, considering U.S. corn is the lowest price globally there is good reason to think this is possible. Two, U.S. trade policy and potential change to the RFS (renewable fuel standard) are topics of discussion in Washington right now, and the only thing harder than weather to predict is the government.In late January and early February I sold all of my anticipated 2018 bean crop against August futures. I selected Aug instead of Nov because it was 5 cents higher. At the time, the U.S. bean supply was at a 10-year carryout high and Brazil’s harvest was expected to be very large, maybe even a record. As long as Argentina’s harvest was even slightly below average or better, the market would likely go lower. This would have likely forced the spread between Aug futures and Nov futures to revert from an inverse to a carry.Unfortunately, three weeks later the market dynamics have changed. Every potential weather system that moved through Argentina failed to produce any significant rainfall. This has threatened their bean crop and will likely reduce their overall production significantly. While Brazil’s large crop will cover some of Argentina’s deficiency, it probably won’t replace all of it. This means the world may have to come back to the U.S. for beans and the US carryout could see a large reduction which would drive up the price for old crop beans. There is a chance that U.S. farmers will plant more beans next year, which could put downward pressure on new crop beans, but that is far from certain today.Regardless, knowing what I know now, there is a high probability that Aug futures will be higher than Nov at the end of summer. In the past when Argentina has faced similar severe drought conditions, prices have inverted to as much as $1 per bushel or even a $1.75 per bushel inverse. In an inverse market I have to take the spread loss against the price I have previous sold. I’m not willing to accept that much potential loss on my beans sales. Therefore, on 3/1/18 I bought back my Aug futures and sold Nov futures for a 33-cent loss off my original average sale price of $10.10. This doesn’t change the fact that I’ve sold my beans, it just means my new average bean prices is $9.77 against Nov futures instead of $10.10 against the Aug futures. Did you not anticipate that this could happen?I did. When I placed this trade I knew the possible risks and was willing to accept about a 40 cent loss if the unlikely event of a severe drought in Argentina occurred. All it would have taken was one major rain storm in Argentina during the previous three week period for this trade to likely have worked as originally anticipated. While I try to align my marketing strategy to be the most profitable when the most likely scenario will occur (i.e. average weather and trend line yields), outlier events like this sometimes happens. When they do, it’s important to stay flexible and react quickly to minimize negative outcomes, which I think I did. Why not just buy the Aug futures back and wait to sell the Nov futures at potentially higher prices?If I did that, it would open up my downside risk to unlimited levels. Essentially I would have to take the loss AND have zero downside protection. One of the cornerstones of my marketing strategy is to minimize risk to my farm operation, so this wasn’t a good option for me. I had placed a limit on the risk I would tolerate with this spread trade and I must recognize that the market is in a much different place that it was just three weeks ago. Why not wait a little longer and hope the spread narrows?While I’m extremely disappointed the spread moved against me on this trade, stubbornly sticking with a trade without considering market risk adjustments is a good way to lose even more money. When market dynamics change, the prudent thing to do is accept the early loss, reduce one’s risk, and look for new opportunities. So, what is the bean spread market landscape now?Historically, when Argentina has major drought the old crop/new crop bean spread in March continues to worsen/invert until the U.S. harvest. Therefore, I’d rather take my loss now and stay profitable on beans than worry and hope the market spread would turn around down the road. Do you regret the trade?Hindsight is always 20/20. Like all farmers when a trade doesn’t work out it’s common to have feelings of regret and frustration. But, this is going to happen from time to time, so it’s best to learn from it and move forward.In reviewing the trade again, my rationale for the trade at the time was reasonable. It was most profitable if average weather and trend line yields happened. A severe drought seemed unlikely at the time. Even now, new crop beans are only 30 cents higher than where I originally made my sales. Would this trade be considered speculating?While I generally try to minimize speculating in my grain marketing strategy, trying to capitalize on the spread to add additional profits to my original sale would be considered speculating. Still I knew the risks when I placed the trade and I didn’t leave the final outcome open-ended. Instead I allowed myself around a 40-cent loss on the trade, before getting out. I ended up with only a 28-cent net loss. The reason its only 28 cents is because I originally sold Aug bean futures (an old crop contract) for a 5-cent premium to the Nov futures before the 33-cent spread loss to roll the position forward to the Nov futures (a new crop contract).In baseball terms, I would say the trade was a single, with an attempt to steal second base. Unfortunately, I got picked off stealing. While disappointing, there is a lot of game left to play. In grain marketing it isn’t realistic to win on every trade. That’s why I try to be transparent with my marketing strategies. It would be easier to only detail out the times the trades went as expected or were profitable. I believe there can be a lot to be learned on the unsuccessful trades too. In this example, laying out the maximum loss I was willing to accept, staying flexible, and getting out when it’s clear the trade isn’t working was the best way to handle the unfortunate situation. And now moving forward, it’s important to not let the disappointment from this trade keep me fearful of considering new trades that might have a lot of potential. When a farmer is so scared they will make a mistake that they do nothing, it can be just as damaging to a market strategy as a farmer who takes on too much risk. Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at jon@superiorfeed.com.last_img read more

Defining the three Cs of connected health: Communication, collaboration and community

first_imgAmit Garg Medicine is a field slow to adopt an innovation; after all, you are dealing with people’s lives and there is a very high bar for discarding old ways. That said, a huge percentage of the medical community will agree that tradition has often hampered the adoption of new technologies that can significantly improve communication, collaboration, and community.See also: Will big data provide the cure-all for heathcare budgets?In the U.S., this is a field where pagers and faxes still rule the day, where you can’t email from your personal account to the doctor, and where till recently you would be hard pressed to access your own data on a computer.How do you change that? Entrepreneurs should consider three core dimensions when trying to disrupt these “Cs” in health.#1: VerificationHow do you ensure people are who they claim to be? An even larger question, how do you ensure the community you are building includes the right people and promotes the right interactions? The good news is we have plenty of models now that can show the way. Back in the day when Facebook was restricted to colleges, they required students to register with their university email address, which created a powerful foundation of trust. AirBnB famously built its initial membership extremely carefully, to make sure early adopters would actually engage around the optimal experience they wanted.Companies trying to promote similar communities for medical professionals, whether it be the “LinkedIn for Doctors” (Sermo, Doximity), the “Instagram for Doctors” (Figure1, Medscape Consult, Curofy, Daily Rounds) or the “Facebook for Patients” (Patients Like Me), have tackled the challenge of verification in different ways. But the successful models all employ a similar set of tools — combine automatic with human validation, review content proactively as much as possible, let the community moderate itself, respond quickly when there are fake or inappropriate profiles and content. Creating a barrier for entry is actually a good thing, as is ramping users steadily through a validation funnel, because it will ensure higher quality for a more targeted audience.Amit Garg, Principal, Samsung NEXT Ventures#2: PrivacyMedical lawsuits have actually fallen in the US in both number and amount paid. But talk to any medical professional and they will tell you how paranoid they are about protecting their and patient’s information.Complying with HIPAA is the bare minimum for a platform, some would argue it’s no more than a marketing byline these days. The real proof around privacy is for any platform promoting the three Cs to encrypt information exchange when necessary, to establish clear boundaries around liability and to have a medical review board to set an ethics policy.WhatsApp or WeChat can get away with implicit consent but for a health-related company explicit consent is a must even if sacrifices growth. In the long run establishing trust will be far more important than maximizing network effects, and there is no sure way of losing trust than to compromise on privacy around sensitive information.#3: DataWhether it be a telehealth platform like American Well or a device tracking your steps like Fitbit or AI-powered chat like Pager, any company intermediating between and among providers, payers and patients will garner a huge amount of data. If you are looking to differentiate your platform try to garner user intent, make targeted recommendations or even publish anonymized aggregated insights.There is such a thing as the half-life of knowledge, many medical schools actually tell their students that about half of what they learn will be outdated by the time they graduate. Wikipedia with its wisdom of the crowds has overwhelmingly supplanted Encyclopedia Britannica composed by experts. While we are far from that in a specialized domain like medicine, there is definitely a lot to be learned from the data sitting in a health platform — if we know how to productize it.Author’s note: These are purposely short articles focused on practical insights (I call it gl;dr — good length; did read). I would be stoked if they get people interested enough in a topic to explore in further depth. I work for Samsung’s innovation unit called NEXT, focused on early stage venture investments in software and services in deep tech. All opinions expressed here are my own. Related Posts Tags:#collaboration#health#HIPAA#Internet of Things#IoT#Samsung How Myia Health’s Partnership with Mercy Virtua…center_img FDA Extends Collaboration on Living Heart Proje… 8 Unusual Ideas for a Dentistry Business Can IoT Bridge The Gaps In Modern Mental Health…last_img read more

Four big trends pointing to a boom in healthcare IoT

first_imgIoT growth is skyrocketing, with an annual growth rate of 23%. The number of IoT devices is on track to surpass the number of smartphones to become the largest category of connected devices by 2018. The low cost and wide availability of sensors and radios used to connect everyday objects, like traffic signals and thermostats, to the Internet have tipped the scales in favor of IoT, including IoT in the medical market.See also: Will data analytics change the healthcare system?Healthcare IoT has already emerged as an expanding market, but it may be poised to grow even more rapidly. Here’s why —#1: Moving past healthcare uncertaintyThere is plenty of rancor over the future of healthcare in the United States. Regardless of the actual impact of any policy, so much noise was made over Obamacare’s 2.3% excise tax on medical device companies that it contributed to investors shying away from device startups with long pathways to profitability.Companies’ chief complaint was that the tax was calculated based on gross sales rather than profits, cutting into margins of once-attractive investments. But now, it appears that investors and entrepreneurs are no longer willing to wait for stability before making investments in med-tech. Instead, they’ve offset those risks by shifting away from complex devices like implantables, and toward medical devices for diagnostics and monitoring, both ripe categories for internet connectivity.#2: Big manufacturers pursuing IoTThe premium cost of implementing new technologies has never been a huge barrier to the medical device industry. Device innovation has often led to the use of more expensive hardware technologies, like those involving exotic materials, complex assembly, and micro-miniature part fabrication. New technologies also often meet resistance when it comes to quality and regulatory hurdles that aren’t a factor in the development of traditional consumer electronics.Traditionally, FDA regulation governing the sales and marketing of medical devices has been slow to react to technological developments. Currently, however, the FDA seems to be preparing for medical IoT development; it has established a Digital Health Unit and released relevant non-binding guidances for certain topics, like radio frequency wireless technology, mobile medical applications, and cybersecurity. Most analysts are hesitant to attribute FDA action to forward thinking; in fact, it may be that this action is partly caused by highly publicized articles touting the ability to hack and control life-sustaining devices like pacemakers.Even though the guidances may be non-binding and relatively straightforward, FDA action signals that the medical IoT boom has already begun. Furthermore, the FDA’s issuance reduces the potential risk medical device manufacturers face in meeting new regulation by putting forth an expectation of what those future requirements may be. As the development leaders move forward, they are backed by an army of more conservative startups and large corporations waiting to capitalize on the learnings of early adopters, especially in previously unestablished areas like risk management, quality control, and security.#3: Implementation barriers are lowerAchieving regulatory clarity is not the only challenge that will lead to increased medical IoT development. Only a few years ago, hospitals struggled to implement internet-connected devices. Multiple networks, a lack of wireless connectivity options, and a myriad of security layers made conducting small clinical studies with connected devices extremely difficult. Today, hospital IT systems are being built to accommodate the growing need for flexibility with regard to connected devices, and the knowledge around building IoT products that meet these requirements are also better understood.#4: Compelling use cases driving developmentGiven the high barrier to entry in the medical devices market, connectivity will be driven by discrete clinical benefit. There are some incredibly compelling and practical reasons to connect a medical device to the Internet in 2017.Here are three:Monitoring, data mining, and machine learning: Big data has been an area of investment interest for some time now. But how does all of that data get gathered, especially when it is personalized medical data that must be retrieved from patients, and not easily gathered in a clinical setting?Enter the world of medical monitoring – removing therapeutic benefit in lieu of simply collecting data, which typically comes with much lower FDA scrutiny. Once biosensor data is collected, the resulting information can be used for several applications, like the customization of alert parameters for individual patients.Sentrian is one company doing exactly that. Their “remote intelligence” platform uses machine learning to create an algorithm that could detect 88% of hospitalizations five days in advance, with only a 3% incidence of false positives.Harnessing the power of the cloud: Medical devices can leverage internet connectivity to do more heavy lifting.For example, one tech solution sends pre-operative imaging to the cloud in order to reconstruct the human heart in three dimensions and to calculate and model tissue death caused by heart attacks. The model can be used to conduct an analysis of the heart’s electrical pathways and map precise treatment, potentially sparing patients with abnormal heart rhythms hours under anesthesia and saving physicians the trial and error of tedious electrophysiology mapping procedures. Cloud and edge computing can revolutionize real-time surgical capabilities and knowledge.Popular health wearables: The soaring popularity of fitness wearables may be on the decline, but it has ushered in the era of the health wearable. Since fitness wearables have failed in accuracy, companies are eyeing an opportunities to bring them up to medical device quality standards, and also have their sights on the more attractive accompanying margins and longer product life cycles.Earlier this year, consumer electronics company Jawbone, once valued at $3 billion, announced that it was dissolving its existing business and raising capital to focus on the medical wearables market. One key factor in the future growth of health wearables lies in companies’ ability to open up insurance reimbursement, as the cost of meeting medical quality standards will make it difficult for consumers to pay for these devices out of pocket.Many challenges to medical device IoT have yet to be solved, but the sector is well positioned for rapid growth.The author is a founder of and shareholder in Cardiosolv, which provides some of these solutions. Tags:#featured#health wearables#Healthcare#Internet of Things#IoT#top#White House Greg Schulte Why IoT Apps are Eating Device Interfaces Follow the Puckcenter_img Internet of Things Makes it Easier to Steal You… How Myia Health’s Partnership with Mercy Virtua… Related Posts last_img read more