Does the Rise in Wearable Health Sensors Signify the Start of a New Era in Biometrics? - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
June 16, 2014 Newswires
Share
Share
Post
Email

Does the Rise in Wearable Health Sensors Signify the Start of a New Era in Biometrics?

Jason Shueh, Government Technology
By Jason Shueh, Government Technology
McClatchy-Tribune Information Services

June 13--America's preoccupation with health is apparent, as is its fascination with wearable health technology. For starters, 61 percent of all wearable devices are fitness or activity trackers, according to ABI Research. And the Pew Internet Research Project found that 46 percent of those who track their health say it's changed their overall approach to maintaining wellness.

Though still a fresh mint, the string of wearable health devices now on the market have gained notice among industry watchers, employers offering health programs and top hardware providers.

Companies such as Fitbit, Jawbone, Nike, Garmin and others have released the bracelets to track activities such as walking, sleeping, calorie intake, calories burned, and other metrics. The products can vibrate to wake users, tally walking pace and distance, and in the case of Polar's Loop bracelet, can be synced to monitor heart rate.

Most recently, these wearable devices achieved a major endorsement at Apple's Worldwide Developer Conference, where the tech giant announced its new Health app for iOS 8, the iPhone's mobile operating system upgrade. The app is designed to aggregate health data from the bracelets and other devices into a single dashboard: fitness activities, lab results, medications, nutrition, sleep and vital metrics all funnel into the dashboard's swipeable menu.

Privacy issues still to be determined, the bracelets are associated with a larger movement -- a movement that industry analysts see, as a new era in health science where individual data is the driving force for prescriptions, medications and personal health-care management. The health devices were a common reference at the 2014 Health Datapalooza, a health-care data conference held this year in Washington, D.C.

At the event, billionaire venture capitalist Vinod Khosla, one of co-founders of Sun Microsystems -- that was later merged into Oracle -- said his own analysis forecast such health monitoring devices and other health apps as a next step in medicine. Doctors, he argued, could be better assisted by the additional biometrics. And beyond doctors, it was not unreasonable to foresee data systems and algorithms interpreting health data to prescribe medicines and therapies.

"[In the future] you might take software apps instead of prescriptions," Khosla conjectured.

According to a report from investor Rock Health, in 2013 companies in the health monitoring industry raised more than $229 million in venture capital -- an amount representing sizable growth compared to the $20 million of investment in 2011 and $58 million in 2012. Rock noted a variety of sales estimates from research firms for the "biosensing wearables," estimates starting at $5.8 billion and touching as much as $30.2 billion through 2018.

Though the technology is trending, the report dually noted that it is far from mature. Additional functionality and user engagement features are needed to keep consumers from losing interest. According to a survey by tech consulting firm Endeavour Partners, after six months, about one-third of people stopped using the wearable. After a year, the number diminished to nearly half.

But while the survey may reflect the present, it doesn't define the future.

Developments are in motion to systematically integrate wearable biometrics into health care. Chainey Brown, a spokesperson for Fitbit, said that the company is eagerly engaged in expansion efforts and product development. The Fitbit products are already used in human resource programs by 30 Fortune 500 companies, Autodesk and British Petroleum among these, and the company has thousands of company partnerships that represent "tens of thousands of employees."

Brown said efforts have been done to integrate the technology with leading insurer health platforms such as WellPoint and United Health.

Adoption of employers and health programs aside, a major milestone for the wearable biosensors is likely to come when insurance companies can offer discounts based on the technology's health data statistics. In a statement to NPR, Fitbit's chief revenue officer Woody Scal observed the link as a vital component for growth.

"If we could make a direct connection to a reduction in medical care costs, then I think the floodgates would be open," Scal said.

Currently no research exists that's compelling enough to sell insurers on potential savings, though Brown referenced a 2013 study from the Mayo Clinic that tested whether a device, similar to Fitbit, could measure mobility in the recovery period after heart surgery. Brown said the study concluded that the device was easy and practical to use. There was also a positive effect to the recovery process that included length of stay and dismissal disposition in older patients.

Jason Shueh -- Staff Writer

Jason Shueh is a staff writer for Government Technology magazine. His articles and writing have covered numerous subjects, from minute happenings to massive trends. Born in the San Francisco Bay Area, Shueh grew up in the east bay and Napa Valley, where his family is based. His writing has been published previously in the Tahoe Daily Tribune, Amazon Publishing, Bike Magazine, Diablo Magazine, The Sierra Sun, Nevada Appeal, The Union and the North Lake Tahoe Bonanza.

___

(c)2014 Government Technology

Visit Government Technology at www.govtech.com

Distributed by MCT Information Services

Wordcount:  835

Advisor News

  • CT governor’s candidates claims: What’s true, and what’s misleading
  • Retaining clients by giving them a memorable experience
  • Addressing the longevity paradox
  • Employers shift focus from retirement access to financial outcomes
  • Helping widowed clients navigate their new financial reality
More Advisor News

Annuity News

  • Farm Bureau P&C insurers post first underwriting gain since 2021
  • Legacy Marketing, Malibu Life launch two fixed indexed annuities
  • Changing client priorities are reshaping annuity conversations
  • Solen Software acquires annuity software provider Cooperative Technologies
  • MassMutual Expands Lending Options With New Secured Credit Line
More Annuity News

Health/Employee Benefits News

  • Centene sues feds over low ratings for senior health plans
  • Terry Savage: Small business owners, now is the time to offer health insurance coverage
  • Aldermen select employee medical insurance broker services provider
  • Southwest Bridge Health focusing on insurance coverage gap in Berrien County
  • HEALTHCARE SHOULDN'T REQUIRE A MAP
More Health/Employee Benefits News

Life Insurance News

  • Life insurer ordered to stop selling new policies in Virginia
  • AM Best to Present and Participate at 2026 Shanghai International Reinsurance Conference
  • Agents often missing from the loop on life, LTC insurance rate increases
  • Meiji Yasuda Life Insurance Company Trademark Application for “PEACE OF MIND, FOREVER” Filed: Meiji Yasuda Life Insurance Company
  • SoFi and Prudential Financial team up to expand access to life insurance
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.