Wednesday, December 09, 2009
08:30 AM - 02:30 PM
333 Ravenswood Avenue
Menlo Park, CA 94025-3493
Mobile Health is an increasingly hot topic - driven by better devices, better networks, and a national imperative to curb healthcare costs. With the advent of proven short-range protocols, lower power consumption, wireless sensors, and always-connected mobile phone gateways, affordable solutions are within reach of the entrepreneur. Add-in the attention level health costs are ‘enjoying’ at the national level, and you have a great time to launch solutions that can lower costs and keep people healthier.
We are seeing the entrepreneurs start to launch interesting companies, the big hardware firms moving to stake a claim, medical establishments accepting the technology, analysts dedicating themselves to the space, VCs investing, institutions backing initiatives, and – perhaps most importantly – the insurance companies eager to develop ways to lower the costs of care. Telecom providers are eager to play a role in the ecosystem, using the growth to offset voice commoditization.
Ultimately, cost savings are the reason that mobile health will see such rapid growth. Technologies that provide incremental value to consumers (think PVR) take a long time to penetrate the market, as consumers learn about them and slowly adopt one by one. But technologies that can provide significant savings to a handful of insurance companies get rapidly evaluated, and implemented. Cost savings today will always trump revenue forecasts tomorrow.
The first solutions on the market include heart rate monitoring, blood monitoring, medication compliance, reminders, alerts, remote expert systems, patient LBS tracking, and more.
Big money is at stake here, and the insurance companies are eager to develop ways to lower the costs of care. They will spend pennies in order to save pounds. And the mobile industry is eager to play a role in the ecosystem. Join the Telecom Council as we discuss the needs, technologies, trends, upcoming solutions, and the business of mobile health.
This meeting is free for Telecom Council members, and $200 for non-members.