Tuesday, March 18, 2008

Study: Insurers Want Better Home Health Monitoring

"With U.S. market potential of $2.5 billion in device and service revenues by 2012, the home health monitoring industry has every incentive to convince private insurers, along with other potential payers, of the technology’s value and feasibility,” said Harry Wang, senior analyst, Parks Associates."

“'While meeting private payers’ requirements, such as providing a drilled-down explanation about the operational details on how the technology is used by consumers and caregivers is important, the technology industry must also rally support from consumers, caregivers and employers—many self-insured—to influence private insurers’ perception and the technology review process,” Wang said."

From the article, "Study: Insurers Want Better Home Health Monitoring"

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