Monday, October 25, 2010

Analysts give Rx for health care devices

Home health care monitoring for wellness, disease management and elder care is a $2 billion market today, said Stuart Sikes, president of Parks Associates (Dallas). It is expected to grow as security and broadband service providers start to offer health care services over the next few years.

However, convincing insurance companies to reimburse for such services will be a slow process and consumers will be price sensitive about paying for them directly, Sikes said. For example, seniors and those who care for them are willing to pay about $33 a month for home monitoring services, according to one Parks survey.

From the article, "Analysts give Rx for health care devices" by Rick Merritt

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