| News < February 28, 2003 |
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Sensitron -- A Unique Twist on Remote Patient Monitoring
E-CareManagement News, February 28, 2003
To date, most companies advancing remote patient monitoring (RPM) technology have aimed at bringing the equipment in through the front door of the patient's home. These efforts have met with mixed success.
Sensitron http://www.sensitron.net is a company with a different approach -- a value proposition for HOSPITALS to be innovators in RPM. The approach is to bring remote monitoring in through the front door of the hospital, with the immediate benefit being "your nurses will save time and the hospital will save money by automating the process of taking patient vital signs with RPM." Once the remote monitoring system is in place, Sensitron's vision is to send it home with the patient through the back door of the hospital, i.e., "and after your inpatients are acquainted with the RPM system, they can take it home with them while they are recovering."
Sensitron has some unique strengths:
* Technology. Sensitron has developed a healthcare software platform that automates workflow and patient monitoring in hospital settings. The capability utilizes Bluetooth wireless technology and a proprietary data integration methodology to afford customers a compelling ROI and is priced at a fraction of the amount charged by other traditional vendors that are deploying comparatively antiquated technology.
* Partnerships and Customers. Sensitron has established a distribution partnership with one of the world's largest IT systems integrators. The company has new contracts in place with impressive flagship hospital customers. Sensitron has secured contracts with 2 U.S. Government agencies for initial implementations, both of which foreshadow much larger on-going relationships.
* People. Sensitron remains on track with both its revenue and expense forecasts, and has assembled an impressive management and advisory team.
Sensitron is searching for a third partner for its next round of financing. Two name-brand venture capital firms have committed their support.
If you would be interested in exploring partnership or financing opportunities with Sensitron, please contact Rajiv Jaluria, President and CEO, (650) 232-2310, rajiv@sensitron.net
This newsletter is also available on the BHT website at http://www.bhtinfo.com
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