Tag Archive for: Age in Place

CEDIA presents: Home Health Technology And You…In 60 mins or less…led by GrandCare

Home Health Technology and You…in 60 minutes or less

July 26, 2011 at 3:00 p.m. EDT

Presented by Laura Mitchell, VP Marketing for GrandCare Systems

The statistics are in – the aging population is growing faster than ever and service providers and family caregivers are turning to technology as a solution. Find out why this industry is growing so fast, why dealers/integrators are a necessary component and 10 steps to quickly get started! 

Laura Mitchell, VP Marketing, GrandCare Systems

  Laura is a founding member of GrandCare Systems, a software technology that combines aspects of Home Automation, Social Networking, Video Chat, Entertainment, Activity of Daily Living monitoring and Tele-health assessment into one flexible and easy-to-use system.  A significant part of her role was to bring the product to market through the development of a nation-wide distributor/dealer network while getting the GrandCare brand known throughout the industry.  Laura specializes in Social Media and non-traditional guerilla marketing.  Laura was a 2011 recipient of the Flame Award for Excellence in Leadership and Innovation from the What’s Next 2011 Boomer Business Innovation Awards.

Laura speaks throughout the country on Social Media, Go-to-market Strategies and Enabling Technologies in the Aging Industry.

She is a founding member and serves as a Director on the AgeTek Alliance board (www.agetek.org), is a key organizer for the EHX and CEDIA Home Health Pavilions and Educational Tracks, and is the creator/host of the bi-weekly, industry-wide GrandCare Aging and Technology webinars.

Laura is a graduate of the University of Wisconsin in Madison and lives in Wisconsin with her husband and her two little boys.

For more information on this webinar, visit: http://www.cedia.net/education/elearning_webinar.php

A Connected Living Boom for Boomers

An article from viodi.com
June 21st 2011
By Ken Pyle, Managing Editor

Declining population and an aging demographic are challenges for many rural U.S. telecom operators and their communities. These challenges may be even greater in other countries, such as China where it will only take 26 years for its population aged 65 and over to increase from 7 to 14% of the general populace (as compared to 76% for the U.S.). Where there are challenges, there are also opportunities and the focus of last week’s 8th Annual Boomer Venture Summit at Santa Clara University was on the opportunities to serve an aging population through new devices and services.

Greg O’Neill, PhD, of the National Academy on an Aging Society, indicated that as societies move from an agricultural to industrial to service economy and get wealthier, they also make a demographic transition from high birth and death rates to low birth and death rates. There is concern that some of the developing countries will make this transition too quickly and that they will, “Grow old before they grow rich.”

Panel at 8th Annual Boomer Venture SummitOne implication of this demographic trend is that China will not be the low-cost labor competitor in 10 years. O’Neill thinks there is an opportunity to create products and services for the growing senior market, whether in the U.S or internationally. The challenge may be making these products and services affordable.
Panel at 8th Annual Boomer Venture Summit

Scott Collins, president and CEO of Linkage, which is essentially a buying organization for senior living communities, warned of “A wave of poverty coming down the road.” He said that affordability is a key need.

One organization that is morphing to reflect a changing environment is AARP. Jody Holtzmann, SVP of Thought Leadership for AARP, emphasized how AARP has to be mission driven, instead of organization-driven. Their mission of improving the quality of life of all, as people age reflected the conference exhibitors and speakers who offered up products and services such as:

  • A Cellular radio-based, inexpensive Personal Emergency Response System, from SurePod, that provides mobility and a two-way voice connection to a call center in the event of an emergency.
  • Body Area Networking – ReFlex Wireless, a start-up has developed a series of wireless sensors for monitoring parameters such as pulse, heart rhythms, position and envisions applications both within the hospital and at home.
  • More than just transportation, SilverRide provides companionship and personalized activities for their customers. Reliable transportation is an important element in helping people age at home.
  • Flipper Remote – a simple, six button remote control. Their new model promises to tune Internet video programming as well.
  • Home Health Tech – a distributor to dealers of technology that helps people live independent in their own homes. Home Health Tech distributes products from GrandCare Systems and Presto were featured in this video interview at CES 2011.
  • Cookstop – stovetop fire prevention, which turns off the stove if motion isn’t detected in a user-determined amount of time. They are finding that it has use from seniors to college students.

The Cookstop product is indicative of a design approach that AARP advocates in their recently issued report, “Connected Living for Social Aging: Designing Technology for All.” In the forward to that report, Holtzmann suggests that, “the ‘lens’ of every user group must be a conscious part of the design function.”

An underlying assumption to the report is the availability of some form of wired or wireless broadband. AARP sees broadband, coupled with new devices, transforming the way people volunteer, socialize and work in their senior years. The report advises vendors to move forward with better products that will help baby boomers stay connected and live social lives; echoing the theme of the 8th Annual Boomer Venture Summit.

Why Digital Home Health Isn’t Selling by Jason Knott

Here’s an article from CE Pro  June 20th 2011 By Jason Knott – his view on Why Digital Home Health Isn’t Selling….what do you think??? To read the article: http://www.cepro.com/article/why_digital_home_health_isnt_selling/  

Dealers lack the sales skills for digital home health market that is ready to take off.

As the residential market continues to flatten and integrators seek out alternatives, why haven’t more dealers looked into digital home healthcare? After taking a full-day GrandCare Systems training recently at Home Controls Inc., here are a few of my conclusions.

The market is growing: There will be 70 million senior citizens by the year 2030, double the number from the year 2000. This one is even more mind boggling: there will be 1 million people over the age of 100 by the year 2050. Almost none of us will able to afford nursing homes.

The systems are profitable: Systems from companies like GrandCare offer healthy margins for dealers.

The systems offer recurring revenue: Dealers can earn solid “alarm-like” recurring monthly revenues from home health systems.

There is an entry-level option: Personal Emergency Response Systems (PERS) offer a lower-cost option to “get your feet wet” in the market.

Systems are easy to install: The GrandCare System is stand alone, it does not and cannot integrate with a home control system. That might be a drawback in terms of providing a totally seamless solution for customers, but is probably not a reason for not even offering these systems. Plus, the installation is way easier than installing a control system or even an A/V system.

There is no liability to the dealer: In the case of GrandCare, the system liability is borne by the manufacturer, not the integrator. Besides, the system is not a PERS. It is not designed to detect when granny falls down the stairs.

Since all the stars seemed to be aligned for aging in place systems, why aren’t they selling? The only conclusion I can come to is that integrators are unwilling to put in the sales effort. For the average integrator, the systems are not easy to sell. The sales process requires educating both the caretaker and/or the family of the elderly client. It can be slow with a lot of hand-holding.

Selling digital home health also means you have to establish relationships with a new set of partners (nurse care, physical therapists, oxygen supply providers, etc.), and A/V guys don’t want to do that.

If you want to put in the work, the home health market is ripe for the picking. If you don’t, then you will be on the outside looking in on a market that is unquestionably going to be huge.

Am I wrong?

CE Pro  June 20th 2011 By Jason Knott

About the Author

Jason Knott, Editor, CE Pro
Jason has covered low-voltage electronics as an editor since 1990. He joined EH Publishing in 2000, and before that served as publisher and editor of Security Sales, a leading magazine for the security industry. He served as chairman of the Security Industry Association’s Education Committee from 2000-2004 and sat on the board of that association from 1998-2002. He is also a former board member of the Alarm Industry Research and Educational Foundation. Jason graduated from the University of Southern California.

5 Comments

Posted by Paul Self  on  06/20  at  10:04 AM

I believe it is more about the transition from the AV/Home Theater dealer to being a true Electronics Systems Contractor (ESC). This industry is struggling to transition from “Home Theater” guys to really address the electronic needs of our lives (even as we age). This same speed bump happened with IT services and video gaming. The CEDIA market practically fought back because it was not home theater, whole house AV, or control system. The industry is still struggling with energy management, which is a lot more than energy monitoring. This industry is at an important juncture that will require a lot of dealers to adjust to being a true ESC.

Posted by Stephen  on  06/20  at  12:41 PM

Have you ever tried to sell tech to old people?

Posted by Paul Self  on  06/20  at  01:03 PM

Therein lies the problem. This article is about selling piece of mind to care givers and helping an aging population live in their own home with autonomy. It isn’t about selling technology to old people. They do not want to live in a “old people’s home”. They want to live at home and not be a bother to their children. They key is to sell the benefit, not to sell the technology. The CEDIA market is struggling past that transition of selling the cool technology and start selling the benefit. We are touching everything electronically in the home, and yet we ignore a major lifestyle shift, aging in place.

Posted by Jason Knott  on  06/20  at  01:17 PM

Paul is right on. The primary sales target is the family member and/or caregiver, not the elderly “loved one.”

Posted by Laura Mitchell – GrandCare Systems  on  06/21  at  09:17 AM

This is an interesting article, Jason, thanks for posting!

I see a few reasons why the market has been slow to accept!  One of the problems was technology in general!  It took a while to really get a hold on the industry!  We started selling GrandCare back in 2006, set up a dealer network in 2007.  Some of it was just a waiting game, waiting until the market caught up with the early dealers’ visions.

I think in a lot of ways, all of our dealers have been extremely visionary, so often way ahead of the curve. They saw the need, they saw the solution years before the general public noticed.

So, some of it was just getting prepared, waiting it out, getting educated and educating their local population on the solutions available.

I do agree with you that so often, there is much more hand holding and explanation/education involved (at least for now) in this industry. We often find that many of our dealers that are successful have experience already in the elder care market OR have been smart to partner with an aging expert.  Some of our dealers have partnered or hired on a geriatric care manager, nurse, continuum of care expert, etc.  These partners are the ones that know HOW to talk with the caregivers/loved ones AND they know how to identify problems and help to solve them using technology.

It’s darn hard to sell something to a demographic that you really know nothing about. For this very reason, in 2008, I started up industry wide aging/technology webinars. They were designed to educate our dealers on the aging market and how to apply tech to those situations!  They are still happening – the 1st and 3rd Thursday of every month – we meet here: http://grandcaresystems.webex.com (all are welcome)

Biggest mistake is when a dealer joins this market to “make a quick buck” – it’s not an easy sale, but it IS fulfilling, heartwarming and as an added bonus, the margins are good!

Thanks for the post!


GrandCare featured in: The Homes-built for-Boomers Boom

Great article about GrandCare Canadian Reseller, UberHome!  The article describes the GrandCare technology that UberHome provides!!

As the largest generation of the last century approaches their senior years, the aging-in-place philosophy looks to become the next great revolution in housing.

Baby Boomers

What do today’s baby boomers and Disney’s Peter Pan have in common? According to research done by Doctor Donald Shiner of Mount Saint Vincent University, they both feel as though they will never grow old. Now everyone knows that acting young can keep you feeling young at heart and possibly lead to a longer life, but Dr. Shiner is warning boomers that denying or neglecting the fact that they are aging prevents boomers from making necessary changes to their home and lifestyle.

“1,000 boomers are turning 65 each day as of January 2011 for the next 20 years,” explains Dr. Shiner. “There is no way Canada as a country can take care of that many people. Hospitals and senior housing just won’t have enough space and the country just can’t do it financially.”

This age wave is a ticking time bomb the residential housing industry has been discussing for years. Now that many are aware of the issue, industry leaders are undergoing significant changes to accommodate Canada’s rapidly aging population.

Aging-in-place is the new term, and builders and renovators who understand the issues of an aging population are starting to educate boomers on options available to make life comfortable, safe, and accessible. Aging-in-place design principles can be applied to almost any style of home.

“Builders are now faced with an opportunity to make life better for all clients as they age,” says Dr. Shiner. “Not only can the home have a higher resale value, but the space becomes accessible to seniors, the disabled, children and anyone recovering from an accident.”

Aging-in-place modifications can be as simple as changing the doorframes from 32 inches to 36 inches, or installing a comfort-height toilet with grab bars in the bathroom. The bathroom is an accident-prone space not only for seniors, but also for adults and families, and renovations can be done now to keep people out of the emergency room and safe in their own home.

Read more

Why wouldn’t available Technology be used for good?

I was inspired when reading this article http://www.itweb7.com/health/healthmonitoring-technology-helps-seniors-living-home/#comment-206084  Health-Monitoring Technology Helps Seniors Living at Home

The author discusses what seems like the obvious, technology actually does help seniors to remain independent at home. But, we need more articles like this showing that technologies have always improved our lives (as a whole) and why wouldn’t that be applicable to seniors too?
***Note that  technology can be abused (like anything else in the world), and should be used responsibly.
Since the beginning of times, enabling technologies have always entered, making our lives easier, better, faster and allowing us to become more connected (distance becomes less of a barrier). Can you believe that people weren’t really even actively using the Internet about 15 years ago? Now look at us today!! How fast the world changed!!! Disruptive demographics have always been followed up with enabling technologies. In the late 1800s, New York City had a problem of too much manure, and dead horses piling up city blocks. A blue ribbon commission was called in to “fix” this disruptive demographic. Their solution was that there is NO solution! In a few years time, they predicted that NY City would be many feet high in manure. Well, as we all know, that did not happen. A professor (Daimler) was in Germany coming up with the Internal Combustion Engine. This enabling technology came in as a solution! Today we are facing another disruptive demographic, the massive aging boom. Technology ABSOLUTELY will play a vital role as an enabling solution. But much like a car, the technology will do very LITTLE good without people (cue the drivers) analyzing and assessing the ADLs and tele-wellness as well as using the tech to connect to their elders and to promote long distance, virtual socialization. At GrandCare, we write the software and use computer hardware, but we say the smartest part of our system is the ‘Wetware’ and that is the person sitting in front of their PC, taking a look at the vitals, looking at the graphs, setting up the alert rules and sending the communications (TRUST THE WETWARE).

GrandCare Systems combines Home Automation, Activity of Daily Living Monitoring, Telehealth Assessment, Social Networking, Video Conferencing and Internet Communications into ONE comprehensive and simple to use system!!!!

www.grandcare.com / info@grandcare.com


GrandCare Discussed on Senior Care Corner Online Radio!

Note from GrandCare: Thanks Barry & Cathy and for including GrandCare Systems in your radio program! This is a great idea and I enjoyed listening to your thoughts!  GrandCare is customizable and fully expandable. We go from a more economic and basic model, to fully-featured, luxury models. Pricing starts low and increases (depending on the model chosen: interactive vs. non-interactive and the sensors deployed).  GrandCare is a complete communication, cognition and monitoring technology – designed to keep individuals safe, healthy, happy and independent at home. Using a series of wireless activity (door, temp, motion, bed, etc.) and telewellness (bp, weight, pulseox, glucose) sensors, a care-partner can automatically be notified if anything is amiss. Family can can connect by two way video chat AND send pictures, messages, emails, videos and other communications to an easy-to-use touch monitor in the loved one’s home. Loved ones need ZERO technical experience to fully enjoy the GrandCare System!  THANKS AGAIN and I am spreading the word on your radio program :)

<a href = “http://seniorcarecorner.com/scc-4-senior-home-technology-1#comment-541“>SCC #4: Senior Home Technology 1 </a>

senior digital home

In this episode we discuss technology that can help improve the lives of seniors in their homes and the peace of mind of seniors’ families.  We highlight some companies targeting the needs of seniors and point out where the consumer electronics industry misses opportunities with the senior marketplace.

Home technology is making a difference in the lives of most people and seniors are no different.  Technology can not only improve the life of seniors but enable them to safely and comfortably live in their homes long than before, even if they are living alone.  Senior Care Corner is following technology for seniors closely and this is our first podcast report.

The largest showcase for home technologies is the annual Consumer Electronics Show from the Consumer Electronics Association.  Our visit to the most recent showed the industry has a ways to go in targeting the needs of seniors with their products.  At the same time, there are a number of companies with technology products targeted to specific needs of seniors and their families… To read more: http://seniorcarecorner.com/scc-4-senior-home-technology-1#comment-541

They discuss GrandCare Systems, a few other in-home health technologies (Presto, Sonamba, Telikin) and the Connected Living for Social Aging: Designing Technology for All (an AARP report)

To Solve Our Health-Care Crisis, Home Treatment Needs A Makeover by Dave Cronin

Laura Mitchell

I was so pleased to come across this article. It is RIGHT ON target with what needs to happen. We need to focus on day-to-day care AT HOME.  Benjamin Franklin once said “An Ounce of Prevention is worth a Pound of Cure”. I sure wish we took this more to heart in this country, but I do believe we are on the track to doing just that…  The prevention should be taking place at home. The cure should be taking place in the hospital.  We should reserve hospitals and ER visits JUST for that. Imagine the costs that would come down to simply REDUCE ER visits. We need to manage our own chronic conditions, we need to monitor our own wellness, take care of ourselves and “Age Responsibly”, a mantra that GrandCare Systems likes to use.At GrandCare, we provide a technology system (as you described above) that is designed for use in the private home (we also have facility models available), but the system was originally designed with the private home in mind. The system is placed in a kitchen/living area (interactive touchscreen with the computer inside). The system communicates with various Activity of daily living sensors (motion, temp, pills, door, bed, caller-id, lighting, etc.).  Tele-health sensors can also report information to the system (blood pressure, weight, pulse, glucose).  Authorized Family Caregivers can remotely access this information by logging in to the GrandCare online dashboard. They can set up alert parameters (if meds are not accessed, fridge not open during mealtime, door opens during the night, etc.)  They can monitor vitals online and ensure that a loved one is safe and healthy.  Meanwhile, there is a socialization/cognition side of the system. Remote caregivers can SKYPE with the Loved one, send pictures (connects with Facebook photo albums), messages, reminders, calendar appts, streaming music, videos, exercise tips, etc.  The loved one can also play games like solitaire, trivia and just HAVE fun!The system is designed to be another AT HOME appliance to keep the Loved One connected to family and to WANT to stay independent, responsible and healthy!Thanks so much for posting this article! Very inspiring and I am going to repost it all around 🙂
Laura MitchellGrandCare Systems
www.grandcare.com

Original Comment

To Solve Our Health-Care Crisis, Home Treatment Needs A Makeover

Written by: Dave Cronin

Instead of resembling outmoded PCs, home-health-care technology should look and feel like the other devices that surround us.

Chronic disease is society’s biggest health-care challenge. Even if we do a good job preventing disease by helping people live healthier lives, it’s inevitable that for at least the foreseeable future, conditions like heart disease, diabetes, and depression will be our society’s most substantial health-related issues. The term “chronic” is used to describe conditions that are long lasting, so it shouldn’t come as any surprise that they are incredibly expensive, both financially and in terms of quality of life. (See the chronic diseases in America and Department of Health & Human Services for some striking statistics.)We must design home-care tech that integrates into people’s lives.

A big change to the way we help people live with these conditions could go a long way toward improving the effectiveness of our health-care system, reducing costs and improving access for everyone. And fortunately, not only is this a public-health opportunity but a huge opening to make a difference in people’s lives — to get their attentions before disease gets out of control, which is when things get both unpleasant and costly. For many, the diagnosis of a chronic condition is scary, but it also brings their health into focus for the first time in their lives. In this moment, people may be receptive to dramatic interventions and be motivated to focus on their health.

Chronic-disease care happens where people live their lives. Patients with diseases like heart disease or diabetes typically visit a hospital or doctor’s office relatively infrequently (usually between once a month and once a year). The real care related to these conditions actually happens every day in people’s homes and workplaces, and is often delivered by “patients” themselves and their loved ones. We have to challenge ourselves to design home-care technology to better integrate into people’s lives.

Nurses, doctors, and other professionals are hugely important to any real improvements to chronic care, but they aren’t always around. Technology can help fill the gaps, possibly in a way that may even help an individual feel more like an empowered person, less like a helpless patient. There’s growing momentum around the idea that the consumer electronics of the future must not only entertain us when we’re on the couch but also help us get off the couch, and not only keep us connected with each other but also with ourselves and our bodies.

There’s a world of opportunity for the connected home to better support people who are managing chronic disease. While there’s a lot of diversity in the conditions that fall under the heading of “chronic,” from cancer to depression, and there are clearly no one-size-fits-all solutions, there are some common things a home-care ecosystem should provide.

Strategies for managing chronic disease

Managing a chronic disease almost always requires substantial changes in a person’s behavior; they often must replace habits that led to the disease (like eating lots of sugar or smoking) with new habits (like eating veggies or exercising) and almost always must establish new routines around their care regimen (like weighing themselves, testing blood-sugar levels and giving themselves a shot). The same enablers of behavior change for prevention I discussed in my last post apply here: health and behavior data tracking, assessments and feedback from the data, goal-setting and progress tracking, gentle nudges, and the involvement of social networks.

But there are some new considerations here. Because it’s necessary for interventions to be higher impact and have more immediate results, these enablers should present a different face than for a well person who’s trying to lose a couple of pounds and get their blood pressure down a bit. And there are new needs — while all people would be well-served by better ways to communicate and collaborate with their doctors and nurses, a person with several serious conditions may be coordinating the efforts of a pretty large care team, which right now requires countless hours of phone calls, faxing, photocopying, and (for lack of a better term) project management.

The activated patient

The Wegner Chronic Care Model is a good starting place for talking about how to improve chronic care. Much of current medical thinking on chronic-disease management is framed by the ideas developed by Dr. Ed Wegner and others at the MacColl Institute for Healthcare Innovation. This model talks about how patients, practice teams, communities, and health systems can come together to improve things like care coordination, adherence to best practices, and patient education and empowerment. (Here’s a goodvideo of the Wegner explaining the model and the thinking behind it.)

How do we motivate people to take charge of their own health?

But implementation of the Wegner Model has largely been very institution-oriented. While the application of this model has already shown some very positive results, unsurprisingly much of the work that has been done has come from the institutional side — changes to clinical workflow and the way clinicians interact with patients. This is great and very welcome, but when we talk about creating “informed, activated patients,” I believe there are some underutilized ways technology can help patients activate themselves and one another.

This brings me to the big question: How do we motivate and enable people to take responsibility for their own health and health care? It’s really common for us to be very good at caring for our friends and families, not to mention our homes, cars, and jobs, but we don’t always take the same level of care with our own minds and bodies. The trend in consumer electronics toward more personal experiences on tablets, smartphones, and even television is a perfect wave to catch with the idea of self-care.

I really like the ideas put forth by the Washington Health Foundation around “people-centered health.” Among other things, they take a bit of a rebellious stance and promote the radical idea that people must be empowered to be “partners in their health,” and that the current medical system (and a lot of supposedly “patient-centered design”) discourages individuals from solving their own problems by treating them as “patients.” They propose a number of very interesting design principles that are meant to help create services that actually put people in control of their own health care.

I’d like to add something to those tenets: “Good person-centered health design creates an emotional tone that is conducive to self-care.” What I mean by that is in order to effectively reduce the impact of chronic disease, we have to encourage people to establish sustainable, healthy ways of life for themselves, rather than being “treated” by nurses and doctors. Emotional tone is key because this is how exercise and healthy food become sources of joy, rather than unpleasant chores, and a treatment regimen becomes the enabler of good living, rather than yet another indignity. To create this tone, we must bring the same level of design craft and attention to home-health-care experiences as we do to the best housewares and consumer electronics.

Read more

GrandCare’s VP of Marketing, Laura Mitchell, selected as Venture Boomer Summit Business Plan JUDGE

http://www.scuboomerventure.com/competitions/judges.html

Business Plan Competition!!!!!

PRIZES

Best Business Plan
$10,000

Best App
$1,000

Finalists will present their business plans to a panel of industry experts at the Summit on June 15, 2011 and the winners will be announced at the end of the day.

JUDGES

Leaders in the field of aging, venture capitalists, entrepreneurs and industry analysts will provide valuable feedback on the entrepreneurs’ boomer business plans and apps. Check back soon for the list of judges participating in the 2011 event.

Finalist Judges

Andy Cohen – CEO and Co-founder, Caring.com
Andy Donner – Director, Physic Ventures
Jody Holtzman – Senior Vice President, Thought Leadership, AARP
Kurt Hulander – Platform Leader, Health Solutions, Best Buy
Nancy Kamei – Sector Director, Intel Capital
Xander Mahony – Analyst, Draper Fisher Jurvetson
Jeff Shoemate – Vice President of Innovation and Business Development, United Healthcare

First and Second Round Judges

Susan Ayers Walker – Managing Director, SmartSilvers Alliance
Laura Mitchell – Vice President, Marketing, GrandCare Systems
Michael Sarfatti – Managing Director, SmartSilvers Alliance

Report: Patient monitoring worth $9.3 billion in 2014

And more reports that we are headed in the right direction!!!  Remote Monitoring is minimizing hospital stays, saving money!!!

By: Brian Dolan | May 18, 2011 8:22pm EST

Tags:  |  |  |  | |  |  |

AirstripRPM

According to a new report from TechNavio, the global patient monitoring system market will swell to $9.3 billion in 2014. TechNavio’s analysis focuses on the US, EMEA and APAC and concludes that remote patient monitoring is driving growth in the wider patient monitoring market. The price of these systems is cost prohibitive, however, the report found.

“Remote Patient Monitoring (RPM) is greatly minimizing hospital stays, resulting in a reduction of the cost of healthcare delivery. Thus, RPM helps healthcare centers reduce costs and increase business opportunities for healthcare service providers while integrating systems and providing necessary operational facilities. As a result, the Patient Monitoring Systems market stands to gain,” TechNavio states in a press release.

Earlier this year Kalorama Information predicted that the market for remote and wireless patient monitoring will grow about 26 percent annually through 2014. Kalorama said the market for these systems will grow by over $6 billion this year alone, which seems to put it at odds with TechNavio’s $9.3 billion by 2014 figure.

The disagreement doesn’t end there, of course. Plenty of opinions on market size:

Late last year in December, we reported on Berg Insight’s market size estimation for home health monitoring of what it called “welfare diseases,” which it pegged at about $10 billion in 2010. That figure included the market for chronic condition management for conditions including diabetes, cardiac arrhythmia, sleep apnea, asthma and chronic obstructive pulmonary disease (COPD).

Perhaps this kind of figure is more important: In 2010 we reported on Juniper Research’s estimate that by the year 2014 public and private healthcare providers may save between $1.96 billion and $5.83 billion in healthcare costs thanks to remote patient monitoring over cellular networks.

For more on the TechNavio report, read the press release below:

ROCKVILLE, MD — MarketResearch.com has announced the addition of Infiniti Research Limited’s new report “Global Patient Monitoring Systems Market 2010-2014,” to their collection of Medical Devices market reports.

Patient Monitoring Systems Market Witnesses Growth in Remote Monitoring Research conducted by TechNavio reveals that the Global Patient Monitoring System market will reach $9.3 billion in 2014. The report, which focuses on United States, EMEA, and APAC, indicates that the market is currently driven by the growth in remote patient monitoring.

“Remote Patient Monitoring (RPM) is greatly minimizing hospital stays, resulting in a reduction of the cost of healthcare delivery. Thus, RPM helps healthcare centers reduce costs and increase business opportunities for healthcare service providers while integrating systems and providing necessary operational facilities. As a result, the Patient Monitoring Systems market stands to gain,” report TechNavio analysts.

In spite of the demand for these systems, the high price of these systems hinders the growth of this market. However, the growth opportunities in Europe and APAC are expected to drive the market.

The Global Patient Monitoring Systems market is marked by the slow recovery of the North American market. This makes the study an important one for companies to fully understand the potential in the market and formulate their own strategy.

The report, Global Patient Monitoring System 2010-2014, is based on extensive research and inputs from industry experts, vendors, and end users. It examines the factors impacting the evolution of this market, including the key trends, drivers, and challenges. Further, it contains an in-depth understanding of the key vendors including a SWOT analysis for each vendor.

Companies mentioned in this report include: Philips Healthcare, GE Healthcare, Omron Healthcare, Drager Medical Gmbh, and Johnson and Johnson.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6315506

Two Brand New GrandCare Tours!

On May 11th and 16th Laura Mitchell of GrandCare systems hosted two brand new tours of GrandCare Systems both are recorded and available to view and download.

The first one is a step-by-step introduction showing us exactly what the GrandCare System is, a bit of GrandCare’s history and how it can be used to keep our loved one happy, safe and at home. She gives us an inside look at not only the touch screen, but also the caregivers side, GC Manage.

The second tour expands on the first and shows us how GrandCare can be used successfully in group living facilities as well as in private homes. Laura shows us the benefits of using GrandCare in these facilities along with some of the more advanced features which can take the system from a personalized touch screen to a fully featured and secure kiosk for multiple residents.

From the ATM like touch screen, to navigating the advanced features of the kiosk’s group set up; if you’ve been curious about GrandCare for personal use, a loved one, a possible business opportunity or even as an additional tool to use in an established group facility, now is your chance to get your sneak peak.

See these videos on Veoh

– GrandCare Systems™: Private Home Demo

– GrandCare Systems™: Multi-Resident Demo

Download/View directly from WebEx

Private Home Demo

Multi-Resident Demo