Vendor to Watch: VivaLNK Medical Wearables
“You’re about to have a heart attack…”
So says your smartwatch as you’re walking down a busy street. Then it tells you that, “The nearest hospital is City Hospital five miles away. They have been notified to expect you and an Uber has been dispatched to pick you up.”
This kind of experience will be a boon to the more than six million heart failure patients living in the U.S. Given that the annual cost of heart patient hospitalization is over $26 billion, it will be great news to health practitioners and insurance providers as well.
All of it is possible today thanks to a small 90mm by 28mm electrocardiogram (ECG) patch from VivaLNK. Worn on your upper chest, it’s the first part of a fully integrated cardiac telemetry remote patient monitoring (RPM) solution. Other components of the solution include Fever Scout, worn under the arm, which monitors body temperature even during sleep, and the VivaLNK Cloud Platform, which connects the sensors with the backend systems required to analyze and actualize the data.
Economies in the Internet of Medical Things (IoMT)
In 2010, the Center for Technology and Aging predicted, “The U.S. health care system could reduce its costs by nearly $200 billion during the next 25 years if remote monitoring tools were used routinely in cases of congestive heart failure, diabetes, chronic obstructive pulmonary disease (COPD), and chronic wounds or skin ulcers.” Ten years later, we’re already well on our way.
- Each year, 4.8 million cancer-related hospitalizations cost the healthcare system over $58 billion. Twenty to fifty percent of hospitalizations are avoidable with improved monitoring and patient management.
- 46% of adults in the U.S. have hypertension, costing over $40 billion in healthcare costs annually. A 10 mm Hg reduction in systolic pressure (the top number of an excellent 120/80 blood pressure reading) can reduce stroke by 25%, and heart attack by 20%.
- According to the American College of Cardiology, more than 20% of heart failure patients are readmitted within 30 days, and up to 50% by six months.
- Preventable readmissions cost the healthcare system approximately $17.5 billion annually. According to Hospitals & Health Networks, one study found a 64% drop in hospital readmissions for patients whose blood pressure and oxygen saturation levels were monitored remotely with IoT technology.
Beyond these directly available savings, economies are also accomplished through dramatic changes in how medical staff utilize time. Instead of visiting room after room, bed after bed, patient after patient to take and record vital signs, wearables convey the required heart, respiration, blood glucose ratio, temperature, and other information automatically.
In addition to saving tremendous amounts of time, wearables also enable real-time monitoring of these functions and more on an ongoing basis. When a wearable ECG detects the signs that its wearer is about to have a heart attack it immediately alerts the right personnel via the internet to jump into action.
VivaLNK Partners – a Path to the IoMT
VivaLNK CEO Jiang Li is very enthusiastic about working with partners. “We’re working with over 60 commercial healthcare partners across 10 countries as they develop the next generation of medical wearable healthcare solutions, advancing Remote and Continuous Patient Monitoring,” he explains.
Li also sees his company as a great enabler for partners. VivaLNK provides actual wearable devices; the networked platform necessary to collect, collate, and process data; and software development kits. It also helps developers prepare for research and trials leading to application for FDA approval. “By utilizing VivaLNK’s IoT-enabled medical wearable sensor platform, companies are able to accelerate time-to-market for medical applications,” Li says.
Could be just what the doctor ordered if you’re evaluating an entry into the IoMT.
Senior Resultant Howard M. Cohen is a creator of compelling content. Deeply informed by four decades as an IT channel executive, Howard’s understanding of technology, client requirements, and the realities of applying IT solutions to business challenges, his thousands of articles, white papers, presentations, blog posts, case studies and more have helped many readers make far better, more informed, more effective decisions. Follow his work at www.authory.com/howardmcohen and reach him at email@example.com.