A positive but mysterious sign re investment in telecare/mHealth is the reported $2.2 million angel funding of a company called VoCare Inc., which combines a tablet computer with a cell phone and a pendant device that calls for help in case of a fall. VoCare will launch with two pilot projects in November with Indianapolis-based American Health Network, a 200-physician medical group, and Wisconsin-based Marshfield Clinic, with 775 doctors. Editor Donna would tell you more, but no website can be found (and it’s not the VoCare rehab in Ohio). What is stunning is the cost structure: $600 for the device plus $120 per month recurring fee. Justification? The Indianpolis Business Journal mentions ‘accountable care’ in the new health reform regulations, but when there are other devices with track records that track motion, gait, alert and report online….for far less….one wonders. IBJ article. Summary and hat tip to MobileHealthWatch.
UPDATE 23 Sep. from reader Bill Thommen: This news article has misstated the correct information. VoCare is rolling out three products for a total cost of $600 and $120 per month for all three. (Complete telehealth is only $20 per month.) These products include a PERS (Personal Emergency Response System); a Safety Phone with built-in VOIP for home and cell for outside the home; and a mobile 3G tablet that includes all biometric monitoring, meds management, virtual video office visit and patient education. ROI is extremely strong, particularly when compared to current market options. Investment ROI stands to exceed even the most positive projections.
[Thanks for the clarification, Bill. Do you have the link we can’t find to more information on VoCare?. Ed Steve]
Click ‘Comments’ for further information including a link to a VoCare demonstration video.