Tag Archive for: Frost and Sullivan

GrandCare Systems® Wins 2012 Frost & Sullivan Best Practices Award

Frost & Sullivan Presents GrandCare Systems® as a 2012 Best Practices Award Winner, North American Elderly Health and Wellness Customer Value Enhancement

GrandCare-Systems-LLC.

West Bend, WI – (December 12, 2012) – GrandCare Systems® has received the prestigious 2012 Frost & Sullivan, North American Elderly Health and Wellness Customer Value Enhancement Award. This award recognizes GrandCare Systems for offering an extensive, cutting-edge, elderly health and wellness solution.

“GrandCare has recognized the opportunity presented by the convergence of healthcare and wellness. The company has designed and launched a complete and vetted elderly solution that successfully addresses the needs of being happy and healthy,” said Frost & Sullivan Senior Industry Analyst Zachary Bujnoch.

GrandCare offers a system that allows communication between various devices to a central interactive touchscreen hub, which then relays that information into a reviewable format. The core of customer value with elderly care is not in the technology itself, but in the effective design of the system, and in the deployment and ongoing service of such a system. The elderly population has unique needs and desires for home health and wellness systems. These needs must be taken into account during the initial design and ongoing improvements of the offering. It is becoming increasingly evident that wellness activities for the elderly, such as social interactions, are important to healthcare, and they might be necessary for success in some aspects of healthcare outcomes. To achieve greater customer value in elderly health and wellness, each of these needs must be addressed. Since 2005, GrandCare has set the highest standard for value in this market by designing and providing both a health offering and a wellness offering in the same system.

“The world of telehealth is most impactful when it is addressing the elderly population, but unfortunately, elderly care and wellness remains one of the most undeserved needs in healthcare,” reported Bujnoch. “GrandCare continues to show exceptional insight within elderly health and wellness by understanding the complex needs of the elderly and offers a unique, high-value solution in response.”

GrandCare’s offering takes on two roles. First, it acts as an interactive communication platform that can receive data from various activity and digital health devices. The GrandCare platform is malleable and customizable to the specific needs of an elderly home or community setting. It integrates with health-focused peripherals, such as scales, glucometers and blood pressure devices, as well as smart home sensors that can monitor activity and wellness. The second role of the system is as a direct and interactive communication touchscreen for the aged. Through this highly functional hub, the elderly persons can interact with various passive monitoring devices by reviewing data, and they can also engage in a wealth of social and day-to-day activities, such as video chatting with family and maintaining a shared social calendar. The system itself is extremely flexible, as it can be utilized for many diverse tasks facing the elderly, such as keeping up with a complex medication regimen, prompting them with voice and written reminders, and providing stimulating brain exercises. Best of all, no computer knowledge is needed to operate the system, fulfilling the critical need for ease of use. By properly addressing all of these factors, GrandCare’s solution clearly proves a value for the elderly care market. GrandCare will be exhibiting in the Digital Health Pavilion at the upcoming Consumer Electronics Show (CES) in Las Vegas, Jan. 8–11, LVCC South Hall, Booth # 26629

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Frost & Sulllivan predict Remote Patient Monitoring to hit $295M by 2015

Just got an email today from Fierce Health IT which I find to be a valuable source of industry information.

This headline about the remote monitoring industry really caught my eye and I wanted to share, as this is such a short period of time for the expected boom in this industry. We at GrandCare, obviously, really believe that telehealth and digital home health/remote monitoring caregiving technologies will significantly reduce the chance of hospital readmissions and enable more seniors to stay independent at home.

 

Remote patient monitoring market to hit $295M by 2015

January 6, 2012 — 12:14pm ET | By 

Read more: Remote patient monitoring market to hit $295M by 2015 – FierceHealthIT http://www.fiercehealthit.com/story/remote-patient-monitoring-market-hit-295m-2015/2012-01-06?utm_medium=nl&utm_source=internal#ixzz1iiItJ6vy
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New research from Frost & Sullivan predicts that remote patient monitoring will continue to play a significant role in transforming healthcare. In fact, it says the market for remote monitoring technology, especially for home healthcare and disease management, will soar to $294.9 million by 2015.

As the market continues to grow at double-digit rates, the research expects telemedicine to shift away from traditional services toward more consumer-focused products.

Such predictions are reinforced by recent research from Berg Insight, which estimates that globally, 2.2 million patients use remote monitoring services. According to findings released last month, the number of home monitoring systems with integrated communication capabilities will jump to 4.9 million connections worldwide by 2016.

More optimistic, Kalorama Information in September predicted the market to grow by 25.4 percent each year, ultimately reaching $22.2 billion by 2015. Its report highlights the growing use of remote patient monitoring in intensive care units to ease the burdens of overstressed cardiologists and critical care physicians and nurses.

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Read more: Remote patient monitoring market to hit $295M by 2015 – FierceHealthIT http://www.fiercehealthit.com/story/remote-patient-monitoring-market-hit-295m-2015/2012-01-06?utm_medium=nl&utm_source=internal#ixzz1iiHAbXNY
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