Bullish on the future of wearables in healthcare

Consumer tech like smartwatches are showing promise in predicting COVID before symptoms show

Imagine a future where our health is continuously monitored, helping affected users self-isolate and govt to contain outbreaks

(thread)

There are still a lot of barriers like cost and privacy but given the immense social and economic costs of a protracted lockdown, and the non-zero likelihood of another pandemic, I think subziding or handing out wearables makes sense and re: privacy, just look at the Patriot Act

It’s one reason why I’m bullish on $TDOC as the only company that combines telemedicine and remote monitoring at scale.

They have frequently mentioned an opportunity to work with national healthcare systems and already have close ties with the US federal government as well

I also recently started a position in is Huami, a Chinese smartwatch maker that had a 26% share of global shipments last year. As the low-cost leader, they are in a great position to build out a huge consumer health database.

Great thread by @SebidsCap: https://twitter.com/sebidscap/status/1196944485046988801?s=20

They are trading like a commodity hardware manufacturer at 0.9x sales and an 11x fwd P/E at an $850M mkt cap but they have a significant opp in healthcare.

Their subsidiary PAI health makes sense of heart rate data and gives a score telling you the impact of physical activity.

Although revenue is immaterial now, they're increasingly partnering with employers, health systems, and insurers and have studies confirming its effectiveness

Here’s one that showed how it can predict epidemic trends using heart rate data from 1.3M users https://www.prnewswire.com/in/news-releases/research-by-huami-shows-smart-wearable-device-big-data-could-assist-with-alerting-new-trends-related-to-covid-19-868673153.html

It’s certainly early, but I love the founder’s vision and they’ve executed well with strong sales growth pre-COVID and a long-standing partnership to make watches for Xiaomi. Will do a separate thread on $HMI in the future.

Also, share your exp if you’ve used an Amazfit before!