Tech-Health-Explore: Breaking Down the Companies Tracking Our Bodies

Exploring Butterfly Network

As a rule, we follow the technological advancements of corporate giants in tech health to help inform those of us individuals choosing to define for ourselves who we are and what we want to be. That means knowing the world and those tracking us, good and bad. Incredible advancements are made every day by health companies seeking to do good in the world, no doubt. However, we need to follow and examine them to enhance our own capabilities and positioning. We are not victims, we are active agents in our lives.

Street Medicine Pending…

You know we are getting closer and closer to the cyberpunk versions of street medicine and body mods when ultrasounds are now under $3k, first-gen models on eBay under $1000, and work with the cell phone in our pockets.

No, we’re not talking about the Street Medicine Institute that works with the homeless (great org, check ’em out here), but we are talking Ripperdocs and the like! In the Cyberpunk Universe, these are literally doctors available on the streets of the world’s megacities some operating “legally,” and others making “illicit deals, such as installing military-grade cybernetics for the right price.” A great spot to explore more is below…

The road is long yes, but we are taking the first steps. And the tools necessary for those steps are becoming available by the day. The Butterfly Network is one such company providing those tools.

Butterfly Network

Gettin’ pithy though, our attention this week is on Butterfly Network due in no small part to all the recognition they received these past few weeks in a recent merger with SPAC Longview Acquisition Corp (LGVW). More specifically, because Butterfly network is offering a true leap in street capable med-tech with a handheld, single-probe whole-body ultrasound system, Butterfly iQ, to make ultrasound technology, that links with your cell phone and has the tech to track a needle, called NeedleViz, as it enters our bodies.

The Impact

The story here is one of Med-Tech gone disruptor. With a tremendous $8 Billion market opportunity and the track to offer simplicity and affordability with ease of use and increased accessibility, the company is one worth watching.

The company is just on the verge of going public and infusing its coffers with a pile of cash!

As with any technological disruptor, getting it in the hands of as many as possible is always key. With so much of the world currently holding no access to medical imaging and with such great need for it, increased access combining ease of use and a significantly lower cost to competitors, this company is one that is worth watching as it grows toward a bigger role in the lives of the masses around the world.

Lots of money is coming as LGVW becomes BFLY and gains capital from private investment in the form of PIPE. One thing is for sure we are sure going to pay a close eye on the completion of the deal as we near the end of the first quarter in 2021.

The Outcome

With such an impact, the promise for a meaningful outcome is greatly enhanced. The ultimate opportunity here is to expand the ability of patients to get access to the care they need and improve the ability of the medical profession to be able to meet that need. If the tech fell to a few street vendors we wouldn’t be totally surprised.

The best part of the Butterfly Network outcome is not just that they are making such an impact, but they are improving on it all the time. With such a splash already made, they are already improving the physical device and the ability to use it with software upgrades including education mods.

The best outcome here is all the ways in which ultrasound is already helpful and safe, expanded to the ultimate use case!

Our Opportunity

Not only is this device and this company set to help fuel up the aesthetic of med-tech in our daily lives, I mean just look at how cool the aesthetic is on this thing, tell me we are daydreaming cyberpunk! Beyond this, though there are incredible fortunes to be made on this and this is where the punk in us see the opportunity to expand out and wants the masses to get in on the ability to increase our portion of the wealth pie. As it comes into our lives as a health device, it should also come into our lives as a wealth device!

In terms of investment, there is no doubt that the market is there. This company/product combo looks to be a best-in-class option with not only a great cash reserve to get through the upcoming growth period but also one with great tech, sky-high prospects with big margins but the balance sheet to set us up the right way.

The potential for revenue growth is clearly a top-line benefit, due in no small part to those increasing margins built on low production costs.

Ultimately, the best opportunity is the chance to get in on great tech that is built on an open ecosystem with power from artificial intelligence and an eye towards securing data from the outset. This, of course, bears the requirement of a watchful eye, but the future definitely looks bright!

As always, make sure we are thinking for ourselves out there, doing our own homework, and cyberize our lives with the best in disruptive tech. Wanting more tips on wealth: learn more in our Wealth Section and dive deeper with Establishing the Baseline! And for those fueled by health-tech make sure to explore our BCB Cyber Health Section in more detail!