Telehealth Monitor

Although industry conferences are great in theory, the actual content is typically lacking and fails to result in new insights. So in response to HP’s Health and Life Sciences Symposium, Datamonitor suggests three ‘insane ideas’ in healthcare IT – telehealth, self-diagnosis and personal health records – that it believes, if adopted, would help companies to succeed when the economy turns around.

Datamonitor believes that the three ideas covered in this analysis represent innovations in technology that are likely to help define healthcare practice and delivery going forward. Given the economic crisis and the focus on healthcare in the US stimulus package, now is the time for companies to think big, and the organizations that are most innovative during this period will be best positioned once the economy recovers. Thus, while the following ideas may seem crazy to readers today, they reflect pivotal changes in the healthcare space in years to come.

Telehealth is for everyone, not just the elderly

Telehealth is the use of IT to diagnose, treat and/or monitor a patient in a different physical location than the expert providing care. It is currently only targeted towards a segment of acute care and long-term care patients but Datamonitor expects it to be used throughout the healthcare system in the future, in order to improve efficiencies.

Elderly patients with conditions such as congestive heart failure, chronic obstructive pulmonary disease and diabetes are considered prime telehealth candidates, particularly after an acute episode. However, Datamonitor believes that in the near- to mid-term the adoption of telehealth will expand into other areas of healthcare including primary care and outpatient care, and in the mid-to long-term, telehealth uptake will include the healthy population. Telehealth will be a normal part of healthcare, not a separate type of care for a small segment of the population, as it is predominately viewed now.

via Innovations in healthcare technology: telehealth, patient self-diagnosis and personal health records – IT & Software .

Summary

This report is an essential source for in-depth information and data relating to the United Kingdom patient monitoring devices market. It also offers detailed and comprehensive coverage of market revenue, volume, distribution and company share information; and latest news, financial deals and pipeline products information of each of the key sub-segments of the patient monitoring devices in United Kingdom.

Scope

-The report provides patient monitoring devices information broken down into detailed categories and segments in United Kingdom.

-Total revenues, products sold, end users, and average pricing.

-Market shares of all the key competitors.

-Key pipeline products that are set to shape the market, broken down by sector.

-Information on the top medical equipment companies in the sector in the country covering business description, strategic analysis, and financial information.

-Healthcare structure, regulatory environment, approval process, pricing trends and reimbursement.

-Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.

-Key mergers and acquisitions, partnerships, private equity investments and IPOs.

-Customer, hospitals and physicians data.

Companies Mentioned

• OMRON HEALTHCARE Co., Ltd. 
• GE Healthcare 
• HARTMANN GROUP 
• Philips Healthcare 
• Draegerwerk Aktiengesellschaft 
• Abbott Laboratories 
• A C Cossor & Son (Surgical) Ltd 
• Cybersensors Ltd 
• Gaeltec Ltd. 
• Numed Holdings Limited 

via United Kingdom Patient Monitoring Investment Opportunities, Analysis and Forecasts to 2015 – Market Research Reports – Research and Markets.

Summary

This report is an essential source for in-depth information and data relating to the Germany patient monitoring devices market. It also offers detailed and comprehensive coverage of market revenue, volume, distribution and company share information; and latest news, financial deals and pipeline products information of each of the key sub-segments of the patient monitoring devices in Germany

Scope

-The report provides patient monitoring devices information broken down into detailed categories and segments in Germany.

-Total revenues, products sold, end users, and average pricing.

-Market shares of all the key competitors.

-Key pipeline products that are set to shape the market, broken down by sector.

-Information on the top medical equipment companies in the sector in the country covering business description, strategic analysis, and financial information.

-Healthcare structure, regulatory environment, approval process, pricing trends and reimbursement.

-Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.

-Key mergers and acquisitions, partnerships, private equity investments and IPOs.

-Customer, hospitals and physicians data.

Companies mentioned:

• OMRON HEALTHCARE Co., Ltd.
• GE Healthcare
• HARTMANN GROUP
• Philips Healthcare
• Draegerwerk Aktiengesellschaft
• Abbott Laboratories
• EKF-diagnostic GmbH
• Medisana AG
• Siemens Healthcare

via Germany Patient Monitoring Investment Opportunities, Analysis and Forecasts to 2015 – Market Research Reports – Research and Markets.

• Profiles of Tunstall, AMDTelehealth, Docobo, Caregiver Technology and AT&T .
• Also mentioned:- Yahoo, Google Health and Microsoft Health Vault.
• The impact of a growing number of elderly people with IT skills.
• Changing attitudes to ‘ageing in place.’
• When the elderly, rather than their children, purchase telehealth services.
• The elderly and blood glucose monitoring case study.
• Using Health 2.0 as a platform for telecare for the elderly.
• Health 2.0 filling the gap in the electronic patient record system market.
• Vendors are adapting to changes in the telecare market.

Over the next two decades an increasing number of people will reach the age at which they need the type of support that can be provided using a telecare service. Most telecare vendors and providers market their products and services within a framework based on the ‘ageing in place’ concept. ‘Ageing in place’ assumes that if a person is given the required support they can remain in their own home rather than being cared for in sheltered accommodation or a nursing home. This concept appeals both to elderly people, as they can lead relatively independent lives in familiar surroundings, and also to healthcare providers because care costs less to provide at the edge of the healthcare network.

Each year will see more people who have used computers and the Internet during their working lives using their IT skills to improve the quality of their lives during old age. Already some people who have been exposed to Internet-based social networking have reached retirement age, and as more do so the market for telecare for the aged will become more complex for the vendors and service providers who have to address an increasing mix of user skills and requirements.

Some vendors are beginning to experiment with a new generation of telecare services that use Health 2.0-type technology as a platform. These vendors may soon be able to launch next generation telecare services in a section of the healthcare market where incumbent healthcare providers have little influence over the type of service the consumer has access to. If this trend continues, elderly telecare users will make up an important part of the market for services such as Google Health and Microsoft’s Health Vault, especially if access and privacy issues slow the adoption of the electronic patient record systems deployed by incumbent healthcare providers.

via Wireless Healthcare – Reports.

DUBLIN, Ireland–(Business Wire)–

Research and Markets

(http://www.researchandmarkets.com/reports/c88230) has announced the addition of Executive Brief — Home Health Monitoring for Heart Failure Patients to their offering.

Heart failure represents a costly and debilitating burden on families and health system alike. This report analyzes an emerging solution that remotely monitors heart failure patients at home using the latest telecommunication infrastructure and medical device technologies. Besides highlighting the solutions, the report evaluates this market in comparison to existing approaches like heart failure disease management practices and the traditional clinical intervention model. Furthermore, the report examines the target market segments and compares different business models employed by technology vendors.

Finally, the report provides a five-year revenue forecast for heart failure home monitoring technologies and profiles major solution providers.

“The healthcare industry is slowly moving away from intervention-based care to preventive care, and home monitoring is arriving at the right junction,” said Harry Wang, Senior Analyst with Parks Associates. “To make home monitoring a sustainable business venture, however, solution vendors must clear away a few significant hurdles first, including addressing the high cost issue of the solution and expanding into new markets where successful business models are still elusive.”

Companies Mentioned:

A&D Medical

Alere Medical

CareMatix

CardioNet

LifeWatch

McKesson Provider Technology

Patient Care Technology

SHL Telemedicine

ViTelNet

WebVMC

For more information visit

http://www.researchandmarkets.com/reports/c88230

via Home Health Monitoring Systems for Heart Failure Patients Emerge as the Healthcare… | Reuters .

As stakeholders in the U.S. health care system struggle to reduce costs and improve quality, there is widespread consensus that any transformative solution requires the inclusion of disruptive innovations that leverage technology. Using in-home monitoring devices in tandem with care management programs to enhance self-care for chronic disease management and post-acute discharge monitoring is one such disruptive innovation. 

“Connected Care: Technology-Enabled Care at Home,” a new paper from the Deloitte Center for Health Solutions, part of Deloitte LLP, explores how technology-enabled, home-based care management programs are one solution to stem the tide of rising health care costs and demand.

The effective application of in-home technologies leads to increased medication adherence, reduced avoidable post-acute complications and improved self-care management of chronic conditions. The net result is a potential annual savings of 20 percent or more – a $400 billion savings to the U.S. health care system.

Technology exists today in clinical settings that could also be used in the home to better monitor health status, improve clinical outcomes and coordinate care. However, the policies, programs, payments and protections necessary to integrate these technologies and devices appropriately in care management programs are woefully inadequate.

Ultimately, widespread implementation will depend in large part on the collaborative efforts of health plans, providers, employers, policy-makers and patients.

To read “Connected Care: Technology-Enabled Care at Home,” open the attached PDF below.

via Home-Based Care Management Programs Can Stem Rising Health Costs | However, Current Self-care Technologies Lack Integration with Programs – Deloitte LLP.

Fifty million people could benefit from wireless home health care monitoring, according to a new study from research firm Berg Insight.

The holdup is the lack of commercial products that enable distance monitoring of, say, glucose level meters or blood pressure monitors. The problem comes down to a wide gap between health care and mobile provider approaches to technology, said Tobias Ryberg, a senior analyst for Berg Insight.

“The few telehealth solutions that do exist are not just one, but often several, generations behind in terms of technology,” said Tobias Ryberg, senior analyst at Berg Insight.

One way to close the gap is for the mobile industry to fulfill the health care sector’s safety, data security and reliability requirements, while delivering better performance, at a lower cost than legacy systems, Ryberg added.

“The health care industry is perfectly right to have a cautious attitude toward new innovations before they are thoroughly tested,” he said. “The first step toward a wireless revolution in home medical care needs to be to build confidence that the mobile network infrastructure is capable of even the most critical tasks.”

via Berg: Telehealth Has a Ways to Go.

SILVER SPRING, MD–(Marketwire – July 23, 2008) – The market for telemedicine devices and services will exceed $1.8 billion within the next five years, with mobile services companies taking a sizeable chunk of that revenue, market research firm Pike & Fischer projects in a new report.

In addition, Pike & Fischer predicts that telecommunications companies that possess both wireline and wireless solutions will be best positioned to achieve competitive dominance in the telemedicine market.

“Companies such as AT&T and Verizon are capable of providing multifaceted, converged solutions and can form partnerships necessary to fill gaps in their organic offerings,” says Tim Deal, Senior Analyst for Pike & Fischer’s Broadband Advisory Services and author of the report, “Mobile Medical Applications and U.S. Telemedicine: Opportunities, Analysis and Insight.”

New wired and wireless broadband networks are saving time and costs in the medical environment. They allow specialists to remotely triage, diagnose and monitor medical cases by viewing data and images conveyed wirelessly to their locations. They also enable specialists to access medical records and medical reference material that are germane to a specific patient’s case.

The need to control costs, along with the development and expansion of faster wireless broadband networks, smartphones and data compression solutions, will drive the market growth, Deal says. AT&T will have the largest presence in this industry, followed closely by Verizon and Sprint Nextel, Deal predicts. Smaller software and device manufacturers will quickly find themselves targeted for acquisition, he says.

via Telemedicine Revenues to Exceed $1.8 Billion by 2013, Report Projects.

Health 2.0 And Telecare For The Elderly.

Research into impact of Health 2.0 based services and the changing aspirations and expectations of the elderly on the telecare market.

Contents.

Profiles of Tunstall, AMDTelehealth, Docobo, Caregiver Technology and AT&T .

Also mentioned:- Yahoo, Google Health and Microsoft Health Vault.

The impact of a growing number of elderly people with IT skills.

Changing attitudes to ‘ageing in place.’

When the elderly, rather than their children, purchase telehealth services.

The elderly and blood glucose monitoring case study.

Using Health 2.0 as a platform for telecare for the elderly.

Health 2.0 filling the gap in the electronic patient record system market.

Vendors are adapting to changes in the telecare market.

Over the next two decades an increasing number of people will reach the age at which they need the type of support that can be provided using a telecare service. Most telecare vendors and providers market their products and services within a framework based on the ‘ageing in place’ concept. ‘Ageing in place’ assumes that if a person is given the required support they can remain in their own home rather than being cared for in sheltered accommodation or a nursing home. This concept appeals both to elderly people, as they can lead relatively independent lives in familiar surroundings, and also to healthcare providers because care costs less to provide at the edge of the healthcare network.

via Wireless Healthcare – Reports.

MOUNTAIN VIEW, Calif., Feb. 17 /PRNewswire/ — Based on its recent analysis of the remote patient monitoring market, Frost & Sullivan recognizes Strategic Healthcare Programs (SHP), L.L.C. with the 2009 North American Frost & Sullivan Growth Enabling Technology Award for continuing to provide superior technology toward finely identified market needs. There is a desperate demand in healthcare, especially in emerging spaces such as home healthcare, for real-time data that helps assess efficiency and cost savings. SHP was early to recognize key needs in the remote patient monitoring market and pioneered a web-based, real-time performance data service aimed at improving profit margins and patient outcomes for home healthcare agencies and hospices.

“Despite the billion dollar market potential of remote monitoring segments such as home healthcare, the market remains stifled,” says Frost & Sullivan Industry Analyst Zachary Bujnoch. “One major issue is that these services utilized by home healthcare agencies and hospice facilities continue to be in a desperate need of validation.”

While these systems have an inherent potential for cost savings, implementation is the hinging point of success or failure. A careful monitoring of efficiency, true cost savings, and overall effective integration of these systems into a healthcare provider’s setup is essential for the success of these highly customizable and diverse remote monitoring services. Over the past ten years through a constant drive for improvement and consistent attention to its clients’ needs, SHP has developed a product unique to this industry, capable of fulfilling the essential need for system validation and cost savings analysis. The data show comparisons between telemonitored and non-telemonitored patients.

SHP’s technology integrates with over 30 different types of software vendors including healthcare majors such as Philips, Honeywell HomMed, McKesson, and Viterion. Two components that really make this technology unique and elegant are its real-time capability and ease of customization. The real-time capability and the customized data queries and benchmarks keep information relevant.

via Frost & Sullivan :: Frost & Sullivan Recognizes Strategic Healthcare Programs for Best Practices in Focused Innovation.