As one of the last major holdouts in digitization, the healthcare industry is finally transforming with cutting-edge technology. In fact, over 88 percent of hospitals and health systems are investing in remote patient monitoring 'RPM' technologies to better connect hospitals with patients. This investment makes companies like
To offset these costs, healthcare providers will start to push an already willing public to take a more active role in monitoring their health. RPM tools that track vitals, and send this information to doctors in real-time will save money not only by reducing visits but early detection and disease prevention.
25% US ADULTS SUFFER MULTIPLE CHRONIC CONDITIONS
One in four American adults suffers from two or more chronic health conditions. Medicare saved
RPM TECH COMPANIES TO 'MONITOR'
While the pandemic saw several doctors turn to
It will have body-mounted sensors and artificial intelligence (AI). Fall detection and geofencing are other features. It features Wi-Fi, NFC (wireless data transfer) technology, and Bluetooth 4.0 Low Energy. WHSI works with 15 central monitoring stations and approximately 200 dealers. In the middle of last year, the Company reported 8,000 end users plus an order book of about 2,000+ potential activations.
WHSI's new iHelp 4G MAX will be telehealth-ready. Not only will it be capable of remote monitoring, but it will also plug into multiple devices and deliver vital signs in real-time. Technology and customer care differentiate WHSI from the rest of this 'fragmented' market
'Telehealth' is the key to the market. WHSI is readying its iHelp Next Generation Platform (NGP) to monitor vitals such as blood pressure and oxygen levels.
WHSI is also backed by a Reg A offering with
Another nano-cap with a solution in this industry,
One of TDOC's competitors is
A few other companies to 'monitor' in the remote patient monitoring space include
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