In this interview, Ed Deng, CEO of Health2Sync, talks about solving the lack of needed data for long-term diabetes care. In Asia, the ratio of diabetes educators (nurses) to patients is 1:23,000 even though Asia is where 50% of the world’s diabetes resides. This is a huge problem that will not be solved with the current solutions and, as such, alternative solutions must be put into practice.
Keep reading to learn how Health2Sync is solving the health gap in Asia.
What were your reasons for founding Health2sync? What inspired and motivated you to do so?
The life insurance industry has been challenged since 2008. Low-interest rates are reducing the profit margin for many insurers, driving them to try all different things to improve profitability, including going direct (MassMutual – HavenLife), changing their products (John Hancock – Vitality), consolidating, or rethinking their risk.
There is a long history of Type 2 diabetes in my family, with both my parents and grandparents suffering from it. Even though there are multiple doctors in my family, diabetes is still a major health risk and it’s led to the death of many family members.
One event that truly marked me was witnessing my grandmother get into multiple car accidents due to hypoglycemia and later develop the habit of self-monitoring her blood sugar to stabilize her condition. This was how I learned that patients need tools to track blood sugar, real-time feedback, and data, which allows them to better track their own condition and later help doctors re-visit treatment plans.
In addition, Taiwan’s National Health Insurance has a pay-for-performance scheme wherein healthcare providers are rewarded financially when patients demonstrate positive outcomes over time. As a result, effective clinical practice of long-term diabetes care has been developed in Taiwan over the past decade. Unfortunately, due to the lack of resources, the only way to make this scheme work was by leveraging digital technology and taking long-term diabetes care online.
The same cannot be said for rest of Asia, where the ratio of diabetes educators (nurses) to patients is 1:23,000 even though Asia is where 50% of the world’s diabetes resides. This is huge problem that will not be solved with the current solutions and, as such, alternative solutions must be put into practice.
This is why we aim to:
– Solve the lack of needed data for long-term diabetes care;
– Close the loop of care for patients that have limited access to doctors and diabetes educators.