- Many telecommunication service providers are getting on board the push for mobile health solutions. This is not surprising. As leaders in the industry, many users are turning toward them for help and with demand skyrocketing, it makes smart business sense to embrace these solutions.
Yesterday, we covered the growing mobile healthcare market that is expected to reach $13 billion annually at the end of the year. An IHS report estimates that the market for telehealth devices and services will increased to $4.5 billion by 2018.
As mHealthIntelligence.com reported last month, Sprint is in the middle of year two of its Sprint Mobile Health Accelerator, Powered by Techstars. The three month program features 10 teams that are brought to the Crossroads District of Kansas City, MO. Once relocated, they work with industry experts and other mentors to strengthen their business methods and their products. At the end they have the opportunity to pitch their final product to more than 1,500 entrepreneurs.
Earlier this month, Sprint announced the 10 start-up companies that will be a part of this years program. Eight of them are based in the US, one has a dual location between the US and New Zealand and the final one is located in Israel. Many of these solutions are consumer focused, including a breathalyzer, concussion sensor, air purifier and dermatology consulting tool, while others are more industry focused including a health data sharing system and portable EKG machine.
“We are extremely excited to begin the 2015 program,” said John Fein, manager director for Techstars, in the press release. “The 10 new companies will have access to some amazing resources, including our health system collaborators, expert mentors and Sprint executives. The combination of Sprint and Techstars will be a powerful catalyst for the companies to take their businesses to the next level.”
AT&T has also been working with healthcare providers and network operators to advance technology and make remote access to healthcare more affordable and scalable. The company is also helping facilitate doctor-patient communication through tablets and smartphones.
“The healthcare industry today has an outrageous amount of cost built into it,” Patrick Pothier of AT&T business marketing, told RCR Wireless News. “What we want to do is look at those applications that will enable the cost to come down, while continuing to improve patient outcomes. So what the healthcare is looking at is actually providing that patient care outside of the four walls of the hospital.”