The Health Tracking App Enables Users to Get Paid for Their Data
Alyson Wyers — May 7, 2015 — Tech
References: myhealthpal & springwise
This fiscally focused health tracking app for Parkinsons patients lets them donate their data in return for a share of the funds generated by it. MyHealthPal is an iOS app that enables users to send the data the platform collects to relevant research institutions, scientists and charitable organizations in exchange for part of the revenue it gets in the future.
The analytics platform primarily helps people suffering with Parkinsons disease to manage their condition. They can input their daily details such as behavior, moods and symptoms into the health tracking app. MyHealthPal turns user entries into data visualizations that can be shared with friends, family, caregivers, doctors and the researchers. There is also a reminder-sending medication schedule feature as well as capacities-monitoring games.
The analytics platform primarily helps people suffering with Parkinsons disease to manage their condition. They can input their daily details such as behavior, moods and symptoms into the health tracking app. MyHealthPal turns user entries into data visualizations that can be shared with friends, family, caregivers, doctors and the researchers. There is also a reminder-sending medication schedule feature as well as capacities-monitoring games.
Trend Themes
1. Data-donating Health Trackers - Opportunity for businesses to create health tracking apps that allow users to donate their data in exchange for financial benefits.
2. Monetizing Health Data - Businesses can explore ways to generate revenue by enabling users to share their health data with research institutions and organizations.
3. Personalized Disease Management - There is potential to develop innovative platforms that help individuals manage their specific health conditions using data-driven insights and features.
Industry Implications
1. Healthcare Technology - The healthcare technology industry can capitalize on the opportunity to create data-donating health tracking apps and analytics platforms.
2. Pharmaceuticals - Pharmaceutical companies can explore partnerships with app developers to leverage health data for research and development purposes.
3. Digital Health Startups - Digital health startups can focus on creating personalized disease management platforms that empower individuals to track and manage their health conditions.
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