Telit Wireless Solutions, a global provider of high-quality machine-to-machine (M2M) solutions, products and services and Vaica, Israel-based provider of cloud-based medication compliance and telehealth solutions for chronic patients, on Fridayannounced that Vaica’s flagship product, SimpleMed+ is to employ Telit’s GC864-QUAD V2 for mobile connectivity.
The product and the company’s cloud-based service portal aim to provide effective, easy-to-deploy-and-use solutions to curb healthcare spending treating chronic conditions believed to represent 90% of all health care costs.
Targeted at hospitals, health management and delivery organizations (HMOs, ACOs), seniors living facilities, and other care organizations, SimpleMed+ addresses a real need these organizations have of lowering the high hospital readmission rates and healthcare costs attributed to medication non-compliance. The product will start selling initially in the United States, Canada, Brazil, New Zealand and Australia.
With government statistics showing that compliance with prescriptions by chronically-ill patients declines to 50% after six months; and to 33% in five years, the pharmaceutical industry is also looking for solutions like SimpleMed+. And since the average chronic patient takes over five medications daily, -pharmacy chains in the U.S., Canada and the UK are now designing customer programs to monitor and improve patients’ medication adherence, with the help of the device and its associated service, which have shown in clinical trials to improve medication compliance to 95% over extended periods of time.