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Frost & Sullivan Recognizes Strategic Healthcare Programs for Best Practices in Focused Innovation
Date:2/17/2009

Growth Enabling Technology for Remote Patient Monitoring

MOUNTAIN VIEW, Calif., Feb. 17 /PRNewswire/ -- Based on its recent analysis of the remote patient monitoring market, Frost & Sullivan recognizes Strategic Healthcare Programs (SHP), L.L.C. with the 2009 North American Frost & Sullivan Growth Enabling Technology Award for continuing to provide superior technology toward finely identified market needs. There is a desperate demand in healthcare, especially in emerging spaces such as home healthcare, for real-time data that helps assess efficiency and cost savings. SHP was early to recognize key needs in the remote patient monitoring market and pioneered a web-based, real-time performance data service aimed at improving profit margins and patient outcomes for home healthcare agencies and hospices.

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"Despite the billion dollar market potential of remote monitoring segments such as home healthcare, the market remains stifled," says Frost & Sullivan Industry Analyst Zachary Bujnoch. "One major issue is that these services utilized by home healthcare agencies and hospice facilities continue to be in a desperate need of validation."

While these systems have an inherent potential for cost savings, implementation is the hinging point of success or failure. A careful monitoring of efficiency, true cost savings, and overall effective integration of these systems into a healthcare provider's setup is essential for the success of these highly customizable and diverse remote monitoring services. Over the past ten years through a constant drive for improvement and consistent attention to its clients' needs, SHP has developed a product unique to this industry, capable of fulfilling the essential need for system validation and cost savings analysis. T
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SOURCE Frost & Sullivan
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