ABU DHABI // Smartphone apps play a burgeoning role in health care, but doctors say they cannot replace personal medical advice.
Many apps are useful, especially preventative ones such as calorie counters or exercise schedules, but users may want to discuss them first with their physician, said Dr Jairam Aithal, specialist in cardiovascular disease at Burjeel Hospital in Abu Dhabi.
“It’s important that these apps need to first be verified and, number two, constantly updated,” he said. “Medicine is a constantly evolving process.”
Doctors are also incorporating devices linked to medical apps to better monitor and collect information about their patients, in fields such as cardiology.
Some of the thousands of available health apps, however, purport to help patients with everything from “instant blood pressure readings” using only one’s phone to helping parents conceive a boy or a girl.
An editorial in the New England Journal of Medicine in July argued that while medical apps can be an integral part of health care, they need to be made safe and effective.
Medical apps need to be monitored and verified, said Dr Aithal. They perhaps should also be checked periodically by an expert panel to see whether the apps were useful and up to date with the latest medical advice, he added.
For example, doctors once believed that patients should exercise as much as possible, but now recommend moderate exercise for about half an hour a day, Dr Aithal said. Other patients may try to self-diagnose using apps or other information online, and “they may diagnose something they actuallydo not have”, he said.
“It is adequate up to a point, and it is even apt to use it up to a point ... but every patient is an individual, you’re not a statistic,” Dr Aithal said. “Symptoms might [mean] two different things for two different people.”
Dr Aithal said he felt the best apps on the market encouraged their users to exercise or eat healthily.
“If you ask me, I think the more important apps are the ones that are preventative,” he said.
Doctors are also finding that apps can make mobile phones become convenient and effective tools in treatment and diagnosis.
“What I realised is that mobile apps for healthcare – especially in cardiology, which is my speciality – are here to stay,” said Dr Rajesh Raipancholia, specialist cardiologist at HeartFirst Medical Centre in Dubai Healthcare City.
One example is the Vitaphone Cardiac Event Loop Recorder, which in some cases can detect heart arrhythmia when standard monitoring cannot. The device can send data about the patient’s heart rhythm to an app or a doctor’s email address, Dr Raipancholia said. The technology meant that for one patient of his, Dr Raipancholia could be notified of a cardiac event right away.
“Immediately when the problem happened, it was transmitted to my email,” he said.
Other apps can be used with medical devices to monitor blood pressure while patients are at home.
The technological developments are exciting because people can monitor their own health, but should be used in consultation with a doctor or cardiologist rather than for self-treatment.
“Relying on a professional to interpret the data is the most important thing,” said Dr Raipancholia.
lcarroll@thenational.ae
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Iftar programme at the Sheikh Mohammed Centre for Cultural Understanding
Established in 1998, the Sheikh Mohammed Centre for Cultural Understanding was created with a vision to teach residents about the traditions and customs of the UAE. Its motto is ‘open doors, open minds’. All year-round, visitors can sign up for a traditional Emirati breakfast, lunch or dinner meal, as well as a range of walking tours, including ones to sites such as the Jumeirah Mosque or Al Fahidi Historical Neighbourhood.
Every year during Ramadan, an iftar programme is rolled out. This allows guests to break their fast with the centre’s presenters, visit a nearby mosque and observe their guides while they pray. These events last for about two hours and are open to the public, or can be booked for a private event.
Until the end of Ramadan, the iftar events take place from 7pm until 9pm, from Saturday to Thursday. Advanced booking is required.
For more details, email openminds@cultures.ae or visit www.cultures.ae