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At Biostrap, we’re thrilled to announce that our cutting-edge wearable technology, Kairos, is now eligible for purchase using Health Savings Account (HSA) or Flexible Spending Account (FSA). Our partnership with Truemed makes it possible for you to enjoy significant tax advantages.

Whether you want to access high-fidelity PPG data to track sleep, biometrics, and nervous system state, or interested in superior data to help build AI-powered predictive health models for physical and mental health monitoring, it’s just become a lot more affordable. Grab the 3- or 5-Pack Biostrap Kairos Evaluation Kit using pre-tax dollars.

What does it mean? 

When a wearable technology device like Kairos is “covered by HSA/FSA funds,” it means that you can use the funds from your HSA or FSA to purchase the device. Both HSAs and FSAs are tax-advantaged accounts that you can contribute to and use to pay for qualified medical expenses. Here’s a brief explanation of each:

Health Savings Account (HSA):

  • An HSA is a tax-advantaged savings account available for individuals with high-deductible health plans.
  • Contributions to an HSA are tax-deductible, and the funds can be withdrawn tax-free if used for qualified medical expenses.
  • HSA funds can be used for a wide range of medical expenses, including prescription medications, doctor visits, certain medical devices, and now the Biostrap Kairos.

Flexible Spending Account (FSA):

  • An FSA is another tax-advantaged account that allows employees to set aside a portion of their pre-tax earnings for qualified medical expenses.
  • FSA funds must be used within the plan year or a grace period, and they can cover eligible medical expenses such as co-pays, deductibles, certain medical products, and now the Biostrap Kairos.

Using HSA/FSA funds provides a financial benefit as contributions to these accounts are made with pre-tax dollars, effectively reducing the overall cost of the device.

Here are six reasons to use your FSA/HSA dollars for Kairos

  1. Tax savings

When it comes to your health, every investment matters. By using pre-tax dollars, you not only maximize your tax savings but also make a smart and affordable investment toward your health monitoring efforts.

  1. Affordable access to advanced health technology

Kairos isn’t just a sleep tracker; it’s a comprehensive health companion that helps you better understand your autonomic nervous system. With FSA/HSA coverage, you can now grab the 3- or 5-Pack Biostrap Kairos Evaluation Kit without breaking the bank. Experience the power of physiological biometrics, sleep analysis, and the innovative Spot Check feature that provides real-time insights into your autonomic nervous system balance – effectively a window into optimizing your mental health resilience.

  1. Superior data quality for remote patient monitoring

For healthcare professionals, Kairos offers an unparalleled tool for remote patient monitoring. Keep track of patients’ biometrics, sleep patterns, autonomic nervous system state, and overall health with advanced remote monitoring. This not only helps to improve patient outcomes but also allows for early intervention and personalized care.

  1. Optimizing training for peak performance

Unlock the full potential of your team’s training programs with Kairos. Track individual and team progress, identify areas for improvement, and tailor training regimens based on personalized data. The advanced analytics provided by Kairos empower coaches to optimize training strategies for increased performance.

  1. AI-driven insights for unprecedented precision

Kairos and the accompanying Vital Science app are built to be a platform for innovation. With Kairos’ capability to gather extensive high-fidelity PPG data, it serves as a valuable tool for developing new AI-driven algorithms. Contribute to the future of health technology by using Kairos and our Waveshape feature to refine and develop algorithms that can provide unprecedented insights into personalized medicine, diagnostics and health monitoring.

  1. Proactive health management made easy

Stay ahead of potential health issues with Kairos. Its high-fidelity data capture and personalized insights empower you to be proactive in managing your health or the health of those you choose to monitor remotely. By using your HSA or FSA funds, you make a smart investment in a device that goes beyond traditional health tracking, offering a holistic approach to well-being.

Now is the time to make the smart choice for your health. Use your HSA or FSA funds to invest in Kairos and experience the future of personalized health technology. Maximize your tax savings, embrace proactive health management, and join a community that prioritizes collective well-being.

To purchase using your FSA/HSA funds, select the 3- or 5-Pack Kairos Evaluation Kit, go to checkout, scroll down to “Payment”, past “Delivery” and “Shipping method”, and check ​​”TrueMed – Pay with HSA/FSA”. After clicking “Pay now”, you will be redirected to TrueMed – Pay with HSA/FSA to complete your purchase securely.

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The advent of digital health and research has has opened up new frontiers in healthcare delivery, diagnosis, treatment, and disease prevention. One central element that fuels this digital revolution is data. Data has become the lifeblood of digital health and research, driving insights, innovation, and improved patient outcomes. However, the potential of data can only be fully realized when there is transparency.

What is data transparency

Data transparency refers to the ability of all stakeholders to have access to and understand the data that is being used. It is about making the data freely available and clear for everyone to see, without hidden agendas or misuse. This transparency is critical to foster trust, enable collaboration, and ensure accountability in the digital health landscape.

They can see where the data comes from, how it is processed, and how it is used. This transparency empowers everyone to make informed decisions, enhances collaboration, and fosters trust.

The importance of data transparency

The value of data transparency in digital health and research cannot be overstated. It forms the foundation of trust between patients, healthcare providers, and researchers. When there is transparency, patients are more likely to share their data, knowing that it will be used responsibly and for their benefit. This trust is crucial for the success of digital health initiatives.

Data transparency also leads to better research outcomes. When researchers have access to transparent data, they can conduct more robust analyses, develop novel algorithms, make accurate predictions, and develop innovative solutions and even discover new biomarkers.

That’s why transparency is one of the core values of Biostrap in how it provides access to data that’s captured by its wearable, Kairos. This transparency enables collaboration, as researchers can share their data and findings, leading to greater scientific progress.

Moreover, data transparency can help to ensure accountability in the digital health space. It allows for the tracking and auditing of data, ensuring that it is used responsibly and ethically.

This accountability can help to prevent data breaches and misuse, protecting the privacy and rights of patients.

The missing link: data transparency in wearables

Wearables, including fitness trackers, smartwatches, and health monitors, collect a wealth of data about our bodies and lifestyles. This data can provide valuable insights into our health and well-being, enabling personalized healthcare and proactive disease prevention.

However, there is a missing link that threatens to undermine their value: data transparency. Many wearable companies operate in a black box, with little transparency about how they collect, process, and use the data.

This lack of transparency raises concerns about the privacy, security, and ethical use of the data.

That’s where Biostrap’s team wanted to bridge the gap and be a fully transparent digital health solution. At Biostrap, we believe that transparency is key to building trust and fostering collaboration in the digital health space.

Hence, we are committed to providing our enterprise clients with clear, understandable information about how the data is collected, processed, and used. It also gives them control over the data, allowing them to decide who can access it and for what purpose.

It can also enable collaboration among researchers, leading to better research outcomes. Especially so because Biostrap also collaborates with researchers, sharing anonymized data to support health research.

Challenges to data transparency in digital health and research

While the benefits of data transparency are clear, there are several challenges to achieving it in digital health and research. These challenges include privacy concerns, data security risks, and the complexity of health data.

Privacy is a major concern in the digital health space. Many individuals are wary of sharing their health data, fearing that it could be misused or fall into the wrong hands. To address this concern, there is a need for strong privacy protections and clear communication about how the data will be used.

Data security is another significant challenge. With the increasing volume of health data being collected, the risk of data breaches and cyberattacks is high. This risk can be mitigated through robust data security measures and regular audits.

To address these challenges, Biostrap has implemented high-quality data protection measures, built a secure ecosystem that’s fully HIPAA-compliant, and ensures that user and patient data is safe and can never be accessed by a third party.

Reach out to our team to discuss how Biostrap can help get your research project off the ground, or how we can help best implement a successful remote health monitoring program in your practice.

Click on the “Partner with us” button at the top of THIS page to book a meeting with a team member.

Did we miss anything?

If you have any questions, suggestions or topic requests, please reach out.

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