Capsule Announces Another Year of Double-Digit Revenue Growth Company Continues to Lead the Medical Device Integration Market as Reports Predict the Global Market to Soar
ANDOVER, Mass., Feb. 21, 2014 /PRNewswire/ -- HIMSS Booth # 2329 -- Capsule Tech, Inc., the leading global provider of medical device integration solutions, today announced a year of significant performance, led by another year of double-digit revenue growth. All told, the company saw a 24 percent increase in revenue for the calendar year 2013, and its client base increased to over 1650 healthcare facilities worldwide. Healthcare facilities have a growing need for interoperable solutions that connect point-of-care devices with their EMRs to provide data for better decision making, and Capsule's growing line-up of solutions uniquely meets the need.
Leading the Capsule solutions offerings in 2013 was the Capsule Neuron™, with a record number of shipments exceeding 27,000 Capsule Neurons in addition to over 22,000 shipped terminal servers. The first intelligent touch-screen platform dedicated to managing device connectivity at the bedside, the Capsule Neuron enables instant collection of patient vital signs and sends the data directly to the hospital's EMR. Deployed with Capsule's proprietary DataCaptor™ connectivity software, hospitals not only increase staff efficiency, but also benefit from accurate data being sent from virtually any point-of-care device, in any care environment.
"Capsule's continued growth and success is a direct correlation to necessity for true interoperability in healthcare, and the need to provide real-time data to the EMR in support of better patient care outcomes," said Gene Cattarina, Capsule chief executive officer. "We have a talented and innovative team driving the development of our device integration solutions, which will enable us to continue to remain at the forefront of the industry just as the market is predicted to grow significantly over the next seven years."
A recent report published by Transparency Market Research predicted an anticipated 38 percent compound annual growth rate in the global market for medical-device connectivity through 2019, from $3.4 billion worldwide in 2012. In both high- and low-acuity care environments, clinical charting requirements remain complex and clinicians need fast access to accurate data. Capsule's combination of hardware and software solutions captures patient data continuously or periodically depending on the care setting through a selection of deployment options.
"As more and more data is being gathered from patients in various care settings, the need for a system that not only delivers data to EMRs, but also provides patient surveillance and clinical decision support capabilities is an emerging strategic imperative," explained Stuart Long, Capsule chief marketing and sales officer. "We intend to take on many of these challenges in the months and years to come."
Additional highlights from the year include:
- Milestone of 681 Device Driver Interfaces (DDIs), an 8 percent increase from 2012. DDIs are at the heart of the Capsule solution, enabling the implementation of the proprietary protocols required to provide access to the growing number of medical devices that Capsule can integrate with.
- 12 percent increase in number of device manufacturers supported
- Appointment of Didier Argenton as vice president of international sales. Argenton leads global sales as the company moves to expand its footprint in Europe, Asia and the Middle East.
HIMSS 2014 and Beyond
Capsule is headed to the Health Information and Management Systems Society (HIMSS) 2014 annual meeting in Orlando with a focus on its vision for the future. Attendees can expect to experience "smarter" approach to device connectivity as well as new product introductions and demonstrations at the following three locations:
- Capsule's Booth #2329
- The Intelligent Hospital Pavilion – Hall E
- Interoperability Showcase™ – Hall F
Capsule is the leading global provider of medical device connectivity solutions for hospitals and healthcare organizations. Capsule enables hospitals using electronic medical records and other clinical information systems to reduce costs, increase efficiency and improve patient care through the direct capture and delivery of patient vitals at the point-of-care. Capsule's solutions are flexible and scalable, offering a variety of deployment options to meet the needs of any healthcare delivery organization. Founded in 1997, the Company has established strong partnerships with leading medical device manufacturers and installed enterprise-wide solutions in over 1,650 hospitals in 37 countries. For more information, visit www.capsuletech.com or call +1 978-482-2337 (US), or +33 1 84 17 12 00 (France).
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SOURCE Capsule Tech, Inc.