Frost & Sullivan: Intel-GE Care Innovations™ Is Well Poised For Growing Its Presence in the Remote Patient Monitoring Market In a market ridden by poorly targeted solutions, Care Innovations™ offers cutting edge products and services with simple, yet effective messaging
MOUNTAIN VIEW, Calif., Nov. 13, 2012 /PRNewswire/ -- Based on its recent analysis of the remote patient monitoring market, Frost & Sullivan recognizes Intel-GE Care Innovations™ with the 2012 North American Frost & Sullivan Competitive Strategy Leadership Award for its advanced yet clearly targeted offerings in remote patient monitoring.
Care Innovations™ has demonstrated the foresight necessary to understand market and customer needs at a critical stage of growth in the remote monitoring market. The company recognizes that in order to see future success, it must have appropriate, well-positioned products and clear value propositions. 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 patient 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 verity 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 innovative their solutions to create more value. While still striving to retain its level of value to the user, Care Innovations has definitely set itself apart by using its strong brand name and competitive strategy leadership to create a precise and well targeted product portfolio of diverse products and services, thereby positioning the company well for further growth and stability.
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 patient monitoring. For healthcare professionals involved primarily in remote monitoring, Care Innovations offers the FDA-cleared Intel-GE Care Innovations™ Guide that allows seamless interaction with healthcare providers and home-based patients monitoring their health. As a clinically driven software 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.
In addition, Care Innovations offers a personal emergency response system, Intel-GE Care Innovations™ Link. 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.
"Personal emergency response system is a core aspect of revenue for most remote monitoring companies and is almost a necessity for any product line," noted Bujnoch. "While activity monitoring is still an emergent 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 patient 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 is 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 is a unique joint venture between Intel Corporation and GE, formed in January 2011. Its mission is to create technology-based solutions that give people confidence to live independently, wherever they are. Care Innovations envisions a future where care for individuals – including health care, aging care, and social care – is a unified endeavor centered on meeting the unique needs of each person. With the combined genius of its parent companies – GE's expertise in healthcare and Intel's expertise in technology – Care Innovations is committed to changing the way care and solutions are delivered. Visit www.careinnovations.com to learn more.
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