TytoCare and SOMPO collaborate to make medical diagnosis procedures easier for Japan’s elderly
TytoCare and SOMPO collaborate to make medical diagnosis procedures easier for Japan’s elderly
The collaboration will help the country with its aging population and tackle a nursing shortage
Israeli medical diagnosis and examination provider TytoCare has signed a commercial collaboration with Light Vortex Division, the digital activities arm of Japanese insurance giant Sompo, to focus on nursing homes and the elderly care market in Japan. The agreement is in cooperation with another Japanese company Allm, following the companies all receiving the regulatory approval of the Japanese Pharmaceuticals and Medical Devices Agency (PMDA).
“The collaboration combines our advanced telemedicine solutions with SOMPO's commitment to making healthcare services accessible to the Japanese market and thereby enabling a significant leap forward in the experience and quality of healthcare services for older patients,” explained TytoCare co-founder and CEO Dedi Gilad. “We believe that in the end we can together improve the well-being of the community and set new standards for the quality and convenience of medicine in Japan in general.”
Japan has one of the largest and fastest-growing aging populations in the world. Its percentage among the general population is one of the highest in the world due to the country’s low birth rate: the proportion of people aged 65 and over in the country has already crossed 30%, whereas in Israel the number stands between 10% and 15%.
The collaboration between TytoCare and Allm is led by the Sompo Israel Innovation Center in Tel Aviv, which is responsible for investments and collaborations with Israeli and European technology companies relating to insurtech, digital health, transport, blockchain, cybersecurity, and more.
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Among its activities in Japan, SOMPO operates a chain of nursing homes for the elderly across the country. In total, it oversees 301 nursing homes and 28,500 rooms, as well as 58 day centers and 505 centers to provide services for older generations. Due to the high rate of its elderly community, Japan has seen many challenges for care, such as a growth in demand for medical services and nursing care shortages.
“The collaboration between the three companies aims to upgrade the care of the elderly through the groundbreaking solution developed by TytoCare in the field of remote medicine, which includes a diagnostic camera, a digital stethoscope, and an AI-based clinical insights module that assists doctors in diagnosis,” added Yinnon Dolev, Head of the SOMPO Innovation Center in Israel. “The purpose of the collaboration is to produce optimal data-based medical care, in places where the medical staff is not physically present.”
TytoCare was founded 11 years ago and has raised $205 million to date. The company’s solutions allow eight frequent tests to be implemented, such as temperature, heart, pulse, lungs, throat, ears, stomach, and skin. The device then transmits the test results to a doctor who can conduct remote medical testing. Its services are currently available in countries including the U.S., UK, Switzerland, Australia, and Italy.
