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SOURCE Frost & Sullivan
In a market ridden by poorly targeted solutions, Care Innovations™ offers cutting edge products and services with simple, yet effective messaging
MOUNTAIN VIEW, Calif., Oct. 23, 2013 /PRNewswire/ -- Based on its recent analysis of the remote monitoring market, Frost & Sullivan recognized Intel-GE Care Innovations™ with the 2012 North American Frost & Sullivan Competitive Strategy Leadership Award for its advanced yet clearly targeted offerings in remote monitoring.
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Frost & Sullivan is pleased to see continued growth for the company's product lines: In the past year alone, Care Innovations has grown its installation base in the senior living industry by 50%, with a presence in 31 U.S. states. It has also announced a groundbreaking new remote care management offering, Intel-GE Care Innovations™ Connect RCM, which eliminates dedicated patient devices and may reduce telehealth deployment costs by up to 50%.
Care Innovations™ has demonstrated the foresight necessary to understand market and customer needs at a critical stage of growth in the remote monitoring market. As such, it has broken away from the traditional home remote monitoring mold and is providing a precise, yet unique, portfolio of remote monitoring products that stand apart in a landscape of often confusing and poorly targeted solutions.
"While competitive strategy starts with the products and value propositions themselves, it requires much more to establish a best practice around them," said Frost & Sullivan Senior Industry Analyst Zachary Bujnoch. "As one of the older participants in the remote monitoring market, Care Innovations leverages a wealth of industry knowledge and experience to offer various vetted and established products of its parent companies of Intel and GE."
Care Innovations' execution of competitive strategy is particularly significant in a market where most of the solutions offered are similar to products offered ten years ago and participants' efforts to differentiate through innovation has led to a variety of offerings that are complex and confusing to new – and even existing – customers. The sector has become increasingly competitive and fragmented, leading to a significant need for the major competitors to innovate their solutions to create more value.
While many companies try to force already ill-defined products in many very different environments, Care Innovations has distinct products for each potential customer and environment within remote monitoring.
To support health plans and providers looking to extend care into the home setting, Care Innovations offers the FDA-cleared Intel-GE Care Innovations™ Guide platform and its Care Innovations™ Connect RCM patient application. The Care Innovations™ Guide platform offers an enterprise clinical care management application, patient application, and data integration capability. As a clinically driven offering designed to run on variable platforms, instead of relying only on one device type, it is a welcome advancement from the many older tabletop interfaces.
Care Innovations also delivers solutions into senior living communities with its activity monitoring system, Intel-GE Care Innovations™ QuietCare®, a novel smart sensor technology that helps alert staff to issues before they become severe. The data from Care Innovations™ QuietCare® also help staff personalize and create proactive service plans to improve resident satisfaction and quality of care.
"The Care Innovations™ Guide delivers end-to-end, integrated care, going far beyond most competitors within the telehealth market," noted Bujnoch. "And while activity monitoring is still an emerging sub-market, Frost & Sullivan is of the opinion that Care Innovations has one of the best activity monitoring systems available with QuietCare®."
Overall, all of the products and services from Care Innovations target a specific sub-market opportunity for remote monitoring, each with unique needs and customers. When these products are looked at as a whole, the resulting portfolio offering provides significant value for its customers and showcases Care Innovations' competitive strategy leadership better than other firms benchmarked by Frost & Sullivan.
Based on these factors, Frost & Sullivan was proud to present Care Innovations with the 2012 Competitive Strategy Leadership Award. Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a competitive strategy that results in stronger market share, competitive brand positioning and customer satisfaction.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
About Intel-GE Care Innovations™
Care Innovations™ transforms the way healthcare is delivered, connecting people with their care teams and giving them the confidence to live independently wherever they call home. A partnership between Intel and GE, Care Innovations brings a rich history of driving innovation, solving hard problems, and creating new markets. Our products and services help bring healthcare into the home and help people live confidently and engaged in their own health. We offer flexible solutions for managing remote patient care, helping caregivers manage and coordinate family care, and tools to help improve seniors' safety in their homes and in senior living communities. Visit www.careinnovations.com to learn more.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
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