Remote Monitoring + Stimulus = Growth

Interesting and aggressive outlook from Parks Associates. As I have discussed in the past, I fully agree that the Obama administration will be a catalyst for change along with stimulus dollars enabling adoption of technologies. However, the number seems plucked out of the air. I think the money trail is much greater if there is true concerted movement in this direction.


Providers of personal health technologies such as health monitoring devices and personal health records (PHR) can generate over $460 million in revenue in 2013 by targeting the disease management (DM) industry, according to Parks Associates' recent report Disease Management Industry and High-Tech Adoption . The international research firm cites changes in the healthcare landscape, combined with the Obama administration's stimulus package and reform initiatives, as catalysts for accelerated technology spending over the next five years.

"The drumbeat grows louder each day demanding transformation of our healthcare system," said Harry Wang, Director of Health and Mobile Product Research, Parks Associates. "The DM sector is subject to the same pressure and must act quickly or risk obsolescence in the face of competing care management models."

Wang says technology vendors that are familiar with the unique characteristics of the DM business and can show the clear and immediate benefits of their solution within this context will be in the best position to win these contracts.

"Personal technologies such as home health diagnostic and monitoring devices, PHR, and Web and mobile communication applications will become competitive advantages for a new breed of DM companies," Wang said. "These tools will make DM services more effective and efficient, benefiting everyone from patients to payers."

| www.jlefevere.com |

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