April 17, 2013
A new report from research analyst firm GBI Research predicts that by 2019 the remote patient monitoring market in the US will reach $296.5 million, up from $104.5 million in 2012. The firm believes that the market will grow at a compound annual growth rate of 16 percent over the next few years. Worldwide, GBI estimates that last year the global remote patient monitoring market was about $223...
March 27, 2013
Sensiotec, an Atlanta-based startup that's developing contactless remote patient monitoring technology, raised $1 million from investor George Harris. Harris, a former leveraged buyout specialist introduced to the company by chief medical officer Dr. Neal Templeton, will also join the company's board, CEO Robert Arkin told MobiHealthNews in an email.
The round brings Sensiotec's total funding to...
March 22, 2013
Philips eICU system
Kalorama Information released a report this year on remote patient monitoring, stating that the US market increased from $8.9 billion in 2011 to $10.6 billion in 2012, an increase of 19 percent. Kalorama's numbers looked at what the New York-based research firm calls "advanced remote patient monitoring", which it defines as technologies that have wireless or remote...
March 7, 2013
Graci Bluetooth weight scale used in Geisinger case study.
Telehealth systems provider AMC Health is offering a money-back guarantee that its customers will see at least a 10 percent decline in hospital readmissions within 90 days of implementing AMC's interactive voice response (IVR) technology and case management services.
"We feel confident enough that this will reduce readmissions enough...
February 22, 2013
Despite high levels of satisfaction with wireless monitoring technology, older patients with implanted cardiac devices still greatly prefer in-person physician visits to remote consultations, according to a newly published study from Portugal. But the authors caution not to draw too many general conclusions from their findings, because their sample size was small and the research did not take...
January 30, 2013
Cloud-based patient monitoring company Intuitive Health has raised $3.4 million, according to an SEC filing first spotted by the Dallas Business Journal. The company isn't yet willing to talk much more about the funding raise; CEO Eric Rock told MobiHealthNews in an email that they are still in stealth mode. This appears to be the company's first public funding raise.
Although the Plano, Texas-...
January 22, 2013
Last year healthcare providers remotely monitored about 308,000 patients worldwide for congestive heart failure (CHF), chronic obstructive pulmonary disease (COPD), diabetes, hypertension and mental health conditions, according to a recent report from InMedica. By 2017 that number should spike to 1.8 million patients, the research firm predicts.
InMedica found that the majority of patients are...
January 4, 2013
On December 30th, at the very end of the 112th Congress, Rep. Mike Thompson (D-Cali.) introduced a comprehensive bill to improve Medicare and Medicaid coverage of telehealth. This isn't new territory for Thompson; he introduced some major telehealth legislation as a California State Senator in the 1990s.
The latest bill's definition of "telehealth" covers various health services delivered...
January 2, 2013
Waltham, Massachusetts-based Alere acquired wireless remote patient monitoring company MedApps last summer for an undisclosed sum, but according to Alere's SEC filings, the most that Alere will potentially have to pay for MedApps – based on an undisclosed earn-out structure – is $22 million. The earn-out time period runs through mid-January 2015. MobiHealthNews broke the news of Alere's MedApps...
December 26, 2012
According to a recent report from InMedica -- a division of IMS Research -- remote patient monitoring increased 22.2 percent based on the number of patients between 2010 and 2011. The firm estimates that 241,200 patients were remotely monitoring in 2011 via telehealth systems. Meanwhile, telehealth device revenues only grew by 5 percent from 2010 to 2011 and 18 percent from 2011 to 2012. The...