Tuesday, August 22, 2017

Twenty-seven percent of U.S. consumers with a chronic condition want a monitoring device that tracks their health condition

Fourth-annual Connected Health Summit to address impact of smart home solutions on digital health

Parks Associates today announced new digital health research showing more than one-fourth of consumers in U.S. broadband households with a chronic condition want a device that tracks their health condition. The research firm warns that, despite this strong early interest, current adopters are reporting difficulties using these connected devices. Among U.S. broadband households that have a glucometer that works with a smartphone app, 40% of these early adopters find it difficult to use this device. The firm’s 360 View: Empowering Healthcare Consumers also reports that 20% of owners find it very difficult to operate connected glucometers and pill boxes.

“Nearly one-half of type I diabetics and one-third of type II diabetics are interested in health monitoring devices such as glucometers, but a steep learning curve and difficult or counterintuitive directions could inhibit their usage of these devices and also prevent them from buying other connected health devices,” said Harry Wang, Senior Director of Research, Parks Associates. “Device and application manufacturers would benefit from improving the ease-of-use of these devices.”

Connected Healthcare Tools - Consumer Interest - Parks Associates

Parks Associates will address the impact of smart home solutions on the digital health industry with multiple sessions at the fourth-annual Connected Health Summit: Engaging Consumers, August 29-31 in San Diego. The event will address business strategies and consumer demand regarding connected health and virtual care.

Wang will moderate the session “Fireside Chat: Consumer Aging Journey and Business Opportunities,” 11:30 a.m. on Wednesday, August 30. In the session, industry veterans will discuss the aging needs of seniors and boomers as they enter a new life stage and address challenges from quality of life to chronic diseases. Speakers will also examine solution and service opportunities that will help families cope with this aging-in-place journey. Joining Wang on the panel are the following speakers:

  • Sam Adams, IBM Distinguished Engineer, Master Inventor, Technical Lead for Global Aging Initiative, IBM
  • Sanjay Khurana, VP, Caregiving Products and Services, AARP

Brad Russell, Senior Analyst at Parks Associates, will moderate the session “Reinventing Healthcare through Smart Home Solutions,” 10:45 a.m. on Thursday, August 31. The panel explores the next innovations in the home health market and strategies for home health agencies and professional caregivers to work with patients and their family caregivers to deliver services that can truly impact care outcomes. The session includes the following speakers:

"The U.S. spends almost $90 billion each year on home health, but home health spending accounts for only 3% of total healthcare spending,” Russell said. “All signs point to increased spending in this category as care delivery continues to shift from high-cost institutional care to low-cost home care.”

Event sponsors include Independa, iQor, Reemo Health, AARP, Alarm.com, BodiMetrics, Macadamian, mPulse Mobile, PokitDok, ULE Alliance, Vivify Health, Z-Wave, California HealthCare Foundation, Best Buy, LivingWell@Home, Rapid Response Monitoring, Sidebench, Freeus, and MobileHelp Healthcare.

Event Supporters include Antenna, B2 Group, BestSEOS.com, Best Web Design Agencies, CIO Applications, CIOReview, Conference Guru, CoPE, Crowd Reviews, CTA, ES Outlook, FierceHealthcare, FierceHealthIT, FiercePharma, Finpro, Healthcare Dive, Home Health Technology News, Hometoys, i-Home, Innovation & Tech Today, Intelligent Health Association, Internet Health Management, IoT Consortium, LonMark International, Managed Care Magazine, Open Connectivity Foundation, Open Mobile Alliance, Personal Connected Health Alliance, PharmaVoice, RHCC, RTC Magazine, Smart Insights, Springboard, Telebehavioral Health Institute, Telecompaper, Telehealth & Telecare Aware, The MedTech Strategist, The Journal of mHealth, topSEOS.com, Visibility Magazine, and Wi-Fi Alliance.

Registration is open for the fourth-annual Connected Health Summit, and media are invited to attend. For more information, visit www.connectedhealthsummit.com. To schedule an interview with an analyst or to request specific research data, please contact Julia Homier at julia.homier@parksassociates.com, 972-996-0214.

About Connected Health Summit: Engaging Consumers

Connected Health Summit: Engaging Consumers analyzes the role of innovative connected health solutions in driving changes in consumer behaviors as well as healthcare systems, insurers, and hospital networks. The event focuses on four areas of consumer health, which require active consumer participation to be successful: remote health monitoring for accountable care, consumer-centric wellness and fitness solutions, independent living technologies and services, and innovative convenience care models.

The Connected Health Summit: Engaging Consumers will take place August 28-30, 2018, at the Manchester Grand Hyatt in San Diego, CA. www.connectedhealthsummit.com

Follow the event on Twitter at @CONN_Health_Smt. Subscribe to Parks Associates’ digital health newsletter at http://www.parksassociates.com/newsletters_subscribe.

Next: Aetna, Geisinger, Sharecare, and UnitedHealthcare to keynote Parks Associates’ fourth-annual Connected Health Summit: Engaging Consumers
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