The Journal of mHealth Vol 3 Issue 2 (Apr/May 2016) | Page 16
Industry News
Industry News
Continued from page 13
While, Life365 provides a Connected Care and Engagement
platform (LCCE), Aventyn offers a more comprehensive clinical
evidenced Chronic Care Management solution (CCM). Both
companies understand the need to acquire the largest amount of
actionable health data from the greatest patient population at the
lowest cost possible - in order to enable services, increase adherence, reduce hospitalisation, and improve health outcomes.
Kent Dicks, CEO and Founder of Life365™, says, "Over many
years of providing cost effective Remote Health Monitoring
solutions, we have inarguably seen that you cannot use the
same broad brush of technology and services for all patients.
Traditional players in telehealth, tended to concentrate more
on technology and less on the business model and aligning the
right technology with the right people to make the whole solution work. Static technology, heavier devices and reliance on
expensive nurse resource time made the model too costly and
cumbersome to practically deploy across a broad population of
patients. As the landscape shifted to mobile health solutions, a
high degree of efficacy has been demonstrated but scalability
was still lacking. A number of stakeholder factors are aligning
that will demand change and dramatically increase demand for
remote monitoring in a very short time frame."
Advances in sensor technology and miniaturisation makes
the ubiquity of lighter wearable tech inevitable. A number of
reimbursement policies and requirements are coming into play
that require scalable solutions to acquire increasing amounts of
meaningful health data, including Accountable Care Organizations' shift from "Fixed Pay" to "Pay for Performance" financial models, new reimbursement policies for remote monitoring
from CMS and data requirements for Meaningful Use - which
stipulates that 15% of health data supplied to Electronic Medical records must be "Patient Generated".
Dicks continues, "The RAIN platform addresses the needs of
entities that are financially responsible for a patient population
- like Payers, Providers, 3rd Party Solution / Service Providers,
Large Self Insured Employers, ACOs and Home Healthcare.
Our objective is to give these organisations a host of tools to
engage the 20% of patients that consume 80% of healthcare dollars. This group needs to be engaged on their terms, with solutions that fit easily into their life. "Lite" services and "nudges"
will work very well for a portion of these people. A simple IVR
call or text message to a family caregiver might help one user
keep adherent to their prescribed therapy. One patient may
need to track biometrics that can be collected through wearable technology like skin temperature, hydration, or heart rate,
while another patient needs weight and blood pressure using off
the shelf devices. That is what RAIN does, aligning hardware,
software, services to intelligently engage the users as "lightly" as
possible. We have a perfect complimentary partner in Aventyn
when a clinically evidenced touch is needed."
Aventyn's standards-based solutions enable electronic health
information sharing and connect medical devices and assets
to significantly improve healthcare resource management. The
company uses connected modular solutions to enable secure,
seamless sharing of interoperable clinical information incorporating a patient-centered model to help improve patient outcomes, reduce hospital visits and reduce costs.
Navin Govind, Founder and CEO of Aventyn®, says, "At Aventyn, we have consistently built a number of strong relationships
with global health systems who need to have a comprehensive
Clinical solution in order to help increase the quality of care for
their more costly users of healthcare and keep chronic patients
out of the hospital - which in turn, reduces costs and improves
patient outcomes. Our customers are Healthcare Providers, Payors, Medical Device Manufacturers, Wireless Service Providers and Pharma-Life Science Companies - who all have similar
objectives but obviously unique needs and processes. They are
all asking for a comprehensive solution that provides a range of
tools, hardware, software and services from very light solutions
and engagement analytic