McKnight’s Senior Living January 2, 2024
The remote patient monitoring industry has become highly competitive as tech developers continue to build out their sensors’ capabilities.
Although many of the innovations and data-gathering abilities — such as using artificial intelligence to build large data sets — may appear similar, much territory exists for RPM companies to expand to within long-term care, one business strategy leader suggested.
“It’s a conservative industry that has to be taken kicking and screaming into the future,” quipped Dov Sugarman, vice president of business and development with EchoCare, during an interview with the McKnight’s Tech Daily. “Hopefully ahead of us is a big market.”
Like many new sensors, EchoCare’s tool provides multiple functions beyond the immediate detection of an emergency. When a...