- GE’s rivals will be looking at this as it affects their desires to be in the global home healthcare market. Is our ‘pointer to the future’ today a Philips-Tunstall or Bosch-Telefonica alliance/JV? There are numerous larger companies on the sidelines in wireless and mobile health (Alcatel-Lucent, anyone?). And will this prompt companies in India and the rest of Asia to wake up and step up?
- This will worry the many smaller companies–and their investors–fighting to establish themselves as to how much time they have to achieve real revenue and profitability. Will this new company help by leading the way or will it take all the air out of the room? Will this joint venture be eager to acquire promising technologies? (Comments from the AgeTek Alliance here?)
- Will the current Intel and GE systems finally find their way into the home? One notes that Intel Home Health has mainly been placed in pilots with an institutional cast, and QuietCare’s in assisted living facilities.
- Will this help solve the Four Big Questions: who will pay for the technology; what rate will they pay; where does the data go, and who takes action?
- Does this mean opportunity for smaller companies to develop R&D, data processing and software for larger companies/JVs?
- Is the ‘business model change’ a little larger than just this JV? We return to Intel CEO Paul Otellini’s sketch of the future: “a competitive personal health work force of ‘virtual care’ clinicians who are nationally trained, credentialed and licensed to provide cost-effective, efficient care services”. Presumably they would take charge of all this data. Would they be a ‘clinician corps’, a call center or mobile?
Editors Steve and Donna wrote and opined about his article presenting this (almost) exactly one year ago. For those of us who read press releases like tea leaves, note that the first quote in the release, paragraph 4, is by Mr. Otellini.
We’ll be adding to this as we go along, so return for updates. Comments welcome!