Clean Sweep Live Auction on Thur. March 28th. Click to view the full inventory

DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
Current Location:
> This Story

Log in or Register to rate this News Story
Forward Printable StoryPrint Comment




Business Affairs Homepage

Change Healthcare files for IPO Could raise as much as $100 million, listing on Nasdaq

Mergers do nothing for quality of care, lower patient satisfaction, says study Based on 29 data points and the assessment of 16 processes of care

GE Healthcare IPO on hold as new deal takes spotlight Selling biopharma business to Danaher for over $21 billion

Asheville Radiology Association joins Strategic Radiology The latest expansion by the imaging coalition brings 43 new physicians to the table

Johnson & Johnson to acquire Auris Health for $3.4 billion With possible $2.35 billion added if certain milestones are hit

Maybe competition is good for what 'ails' hospitals Mergers may be good for business, but what about patients?

Frost & Sullivan outline 10 growth factors for precision imaging market Market predicted to be more than $8 billion by 2027

RadNet buys Kern Radiology The Bakersfield, California imaging group includes four offices

More of GE healthcare unit could be on block: CEO CEO Culp speaks in post-earnings call after company exceeds Q4 expectations

Philips, Lunit, Vuno in healthcare AI deal Forging partnerships to advance AI applications

Best Buy’s remote patient monitoring falls short, but the potential is there

An editorial by Jiang Li

Recently, Best Buy has made headlines with major business moves in the healthcare space, first highlighting its partnership with Assured Living, and now acquiring GreatCall for $800 million. Speculation around the company’s strategic opportunities in healthcare is generating a lot of positive attention for them. Some stories on Assured Living have gone as far as to say Best Buy is testing its offering of remote patient monitoring services. With the purchase of GreatCall, known for its line of consumer-facing health and wellness communications devices, flip phones and wearable personal emergency response services (PERS) devices, Best Buy is certainly putting together the pieces to serve the wellness and healthcare needs of the growing senior population. But breaking down what capabilities it has now and what has potential is important. Buzzwords like remote patient monitoring have begun to be thrown around too loosely.

Story Continues Below Advertisement

RaySafe helps you avoid unnecessary radiation

RaySafe solutions are designed to minimize the need for user interaction, bringing unprecedented simplicity & usability to the X-ray room. We're committed to establishing a radiation safety culture wherever technicians & medical staff encounter radiation.

Best Buy’s partnership with Assured Living is an exciting development in safety monitoring for our senior population. However, defining this program and Best Buy’s current offerings as remote patient monitoring (RPM) is a misnomer. At this point, the program is offering an important, but basic level of monitoring over seniors in a cost-effective way. It’s providing a middle ground between expensive assisted living and seniors living alone with limited resources. To call it RPM would imply a “patient” is under the care of a healthcare professional, and “monitoring” involves the collection of healthcare data such as vitals – though activity can be a supplementary data point.

Think of Best Buy’s program as an ADT service for seniors that is helping to monitor falls, ensure activity in the household, and for other things important to a caregiver or loved one wanting to make sure an elderly person is generally OK. Again, this is important for senior care, but it is not RPM. Should Best Buy be moving in this direction in the future, the opportunity for quality health wearables is growing. And this is where the acquisition of GreatCall comes into play. It has been said that GreatCall’s next frontier is linking those wearable devices to healthcare providers. There is currently a big divide between consumer healthcare wearables and medical-grade wearables, the latter primarily being available through a medical provider or as an over-the-counter FDA-cleared medical device.

General health devices do a little more than track basic daily health activity. Studies are beginning to show they are mildly useful clinically, such as the recent Fitbit study on the wristband’s impact on cancer patients in clinical trials. With proper context, such as in this study, activity data can be helpful on a patient. Reports are also showing how Smartwatches are outpacing fitness trackers, as they are worn more regularly since they have more features, and therefore, may also gather some information useful to your doctor. After all, no device is valuable if it is sitting in the kitchen drawer.
  Pages: 1 - 2 >>

Business Affairs Homepage

You Must Be Logged In To Post A Comment

Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Gold Service Dealer Program
Receive RFP/PS
Healthcare Providers
See all
HCP Tools
A Job
Parts Hunter +EasyPay
Get Parts
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2019 DOTmed.com, Inc.