Worldwide Advanced Patient Monitoring Market
Advanced patient monitoring offerings, according to Kalorama, include audio and video technology that clinicians can use to communicate with patients, wireless communication systems that analyze large amounts of patient data, portable and ambulatory monitors, web-based access to patient records, and technologies that transfer data to an EHR.
St. Joseph Mercy Oakland wins national innovation award (Live )ViSi Mobile Site
St. Joseph Mercy Oakland Hospital has won the 2015 Most Wired Innovator award from the American Hospital Association.
ViSi Mobile by Sotera, part of a safety system worn on patients’ wrist that wirelessly and remotely monitors blood pressure, heart rate, pulse oximetry, respiration rate and skin temperature.
“St. Joseph Mercy Oakland has served as the pilot program for many of our health system’s technology innovations,” said Rob Casalou, president and CEO of Saint Joseph Mercy Health System.
“Our health system is actively working to deploy many of these award-winning technologies across each of our five hospitals in the metro Detroit region.”
Rest Easy, this watch is on 24-7
Carle Foundation Hospital in Champaign, IL using the ViSi Mobile System!
Wireless system lets nurses check on patients without disturbing them.
Read more at: Rest easy this watch is on 24-7
Where is Wearable Technology Heading?
I find that when people learn about EMS and all the tools we have at our disposal, they are surprised. Even those who are in the healthcare field are surprised, or perhaps just ignorant, about what our monitors are capable of measuring. It may be because so many other facilities have multiple pieces of equipment that do what our one monitor can do. – See more at: http://www.highperformanceems.com/2015/04/17/where-is-wearable-technology-heading/#sthash.i6QqKREr.dpuffull article
Foxconn Expanding Into Health-Care Market
THE WALL STREET JOURNAL
Foxconn Expanding Into Health-Care Market
iPhone assembler in talks with Varian Medical Systems to obtain rights to sell radiation-treatment devices in China
Foxconn has started selling Sotera Wireless’ vital-sign monitoring device in China.
HONG KONG—Foxconn, the world’s biggest contract electronics maker by revenue, is teaming up with U.S. medical device companies to expand into the health-care market.
The Taiwan-based iPhone assembler, formally known as Hon Hai Precision Industry Co., is in talks with Palo Alto-based Varian Medical Systems to obtain the rights to sell radiation-treatment devices in China, Leonard Wu, general manager of Foxconn’s health-care business group, told The Wall Street Journal in a recent interview.
Varian confirmed the talks, noting that Foxconn has a good business development track record in Taiwan and China.
The move comes after Foxconn also acquired an undisclosed stake in San Diego-based medical device startup, Sotera Wireless Inc., last year. As part of the deal, Foxconn will make sensors and batteries used in Sotera’s medical devices, and has become the U.S. company’s exclusive sales agent in China. Sotera Wireless Chief Executive Tom Watlington said in an interview that Foxconn could eventually take over production of its devices, which are done in the U.S. currently.
Sotera, backed by Qualcomm Ventures and Intel Capital, makes wireless, body-worn devices that can monitor vital signs like blood pressure. New York-listed Varian makes medical systems for radiotherapy and radiosurgery, as well as oncology software.
It remains uncertain if the U.S. companies can help Foxconn gain a significant presence in the market, but Mr. Wu said he expects its health-care business—which was established in 2009—to ring in revenue of US$200 million by 2020 from US$20 million in 2014, driven partly by China’s rising health-care needs. That would represent a fraction of Foxconn’s annual revenue of US$130 billion.
Foxconn’s expansion into the medical devices market comes as it searches for new growth engines and clients amid rising competition in consumer electronics assembly. Apple Inc., which accounts for about half of Foxconn’s revenue, has been diversifying its suppliers to assemble its iPhones and iPads in recent years. Foxconn’s revenue growth slowed to 6.5% last year from 53% in 2010 as Apple shifted more orders to smaller assemblers such as Pegatron Corp. and Quanta Computer Inc.
Foxconn has diversified over the past couple of years by venturing into new areas, including telecom services, mobile software and e-commerce. So far, the businesses haven’t contributed much to earnings.
London-based consulting firm PA Consulting Group estimates that revenue in the global contract-manufacturing market for medical devices will grow 52% to $35 billion in 2016 from $23 billion in 2013, faster than the 17% growth projected for contract manufacturing of consumer electronics over the same period.
While the product life cycle of an iPhone is usually less than three years, strict regulation and limited competition often mean the lifespan of medical devices can be almost two decades, experts say. Contract manufacturers of medical devices also have higher margins of about 23% to 25%, compared with 4% to 7% for consumer electronics, said Simon Burnell, a medical device expert at PA Consulting Group.
“The growth in the consumer health market is blurring the traditional divide between consumer electronics and medical devices,” said Mr. Burnell.
“Contract manufacturers that can serve both markets will differentiate themselves.”
The idea to expand into health-care originated from Foxconn founder Terry Gou,who lost his first wife to breast cancer in 2005 and his younger brother to leukemia in 2007. The incidents prompted Mr. Gou to donate US$500 million to the National Taiwan University in 2008 to fund the construction and operation of a new cancer treatment and prevention center in Taipei.
Mr. Gou’s donation project paved the way for the establishment of the health-care group within Foxconn and it has recruited hundreds of medical professionals to study the equipment market and identify growth opportunities.
Erlanger Hospital Hospital Implements Region’s First Wireless Monitoring System For Patients
Erlanger Health System has launched the region’s first wireless monitoring system for patients at Erlanger EastHospital. Known as the ViSi Mobile System by Sotera Wireless, the wearable devices transmit continuous measurements of patient vital signs and allow patients to move freely without being attached to traditional monitoring systems that limit mobility.full article
WTVC News Channel 9 Coverage of ViSi Mobile at Erlanger Hospital
Erlanger Hospital in Chattanooga, TN has been using The ViSi Mobile System and is sharing their experience on their local news channel: WTVC Channel 9’s
“This N That” show.
American Way – A Doc In Your Pocket – January 2015
Wearable technology is giving new meaning to personal healthcare.