ATLANTA and SAN FRANCISCO, Sept.
21, 2021 /PRNewswire/ -- KORE, a global leader in Internet
of Things (IoT) services and solutions, today announced that it has
teamed up with Myia Health, an enterprise platform for healthcare
delivery in the home, to provide major hospitals with software and
IoT managed services that ensure IoT devices are kitted and shipped
to patients who are being treated where they live.
"Virtual patient care and remote patient monitoring have become the
go-forward norm." KORE CEO Romil
Bahl
The COVID-19 pandemic accelerated the pace of digital
transformations in all industries, especially in the healthcare
sector. "The connected health segment has experienced 18 years'
worth of innovation and IoT adoption during the 18 months of the
pandemic," said KORE President and CEO Romil Bahl. "And the pace isn't slowing down.
Virtual patient care and remote patient monitoring have become the
go-forward norm in part because IoT has matured, and we can service
this demand with our one-stop-shop IoT enablement services."
Powered by advanced data analytics, Myia's platform connects
clinical actions with patient outcomes and identifies patients with
the greatest need for high-touch care. When a patient is identified
as vulnerable in a population or upon discharge from the hospital,
KORE and Myia collaborate to handle the device logistics and deploy
Myia's patient and clinician software technology that allows
healthcare providers to manage patients' health in a continuous and
preventative manner from the home.
Hospitals have consistently encountered the same significant
logistics hurdles, though, as they attempt to build their virtual
care/virtual hospital strategies. The virtual care experience is
possible because of the advancement in market-ready health
monitoring devices and improved choice in and reliability of the
required connectivity for those devices. Take, for example, a
hospital located in the mid-western part of the U.S. It typically
adds 5,000 remote patients annually, and each of those patients has
on average three health monitoring devices.
Before leveraging KORE, this hospital was handling the sourcing
and logistics for 15,000 devices that were out in the field. The
hospital quickly realized that it made more sense to outsource
these services to a third party to manage the sourcing, servicing,
kitting and retrieval of those devices. "Hospitals prefer to stick
to their knitting and focus on giving care, not the details of
ensuring a heart monitor device has arrived at the home of the
patient and will work out of the box, including connectivity and
secure flow of data," Bahl said.
"Myia utilizes its advanced analytics and machine learning to
partner with major hospital systems to provide the digital
infrastructure of their virtual operations, which fuels and
optimizes patient outcomes, clinical operations and the economics
of these state-of-the-art virtual command centers where many
thousands of patients can be monitored and preventatively managed
in near-real time," said Myia CEO and Co-Founder, Simon MacGibbon. "KORE plays a fundamental role
in the success of these endeavors because it handles all of the
managed services and logistics of making sure the right devices are
delivered to the right patients at the right time."
With a chronic heart failure patient, for example, KORE kitting
and logistics capabilities are critical to ensure the cellular
connected sensors and tablet arrive at the home of the patient with
the proper software and configuration. KORE integrates sensors that
capture vital health stats such as blood pressure and oxygen levels
along with temperature and patient weight. KORE testing ensures a
flawless out-of-the-box experience at a most critical point in the
patient's recovery process.
"The ultimate outcome is that we're helping keep people healthy
after an acute event so that they don't have to go back to the
hospital and are as well-managed and healthy as possible. This
ultimately will help improve patient outcomes, and drive down
overall healthcare costs and utilization," MacGibbon
said.
As hospitals move into the new norm of virtual care, they are no
longer just hospital caregivers. The hospitals now have a highly
complex, home-based logistics piece of their business that they
have never before encountered. AI, technology, and specialized
managed services are enabling hospitals to make their visions for
virtual care a reality, as effectively as possible, while ensuring
the behind-the-scenes processes are as streamlined and
cost-efficient as possible.
About KORE
KORE is a pioneer, leader, and trusted advisor delivering mission
critical IoT solutions and services. We empower organizations of
all sizes to improve operational and business results by
simplifying the complexity of IoT. Our deep IoT knowledge and
experience, global reach, purpose-built solutions, and deployment
agility accelerate and materially impact our customers' business
outcomes. For more information,
visit www.korewireless.com.
About Myia Health
Myia is the one platform that seamlessly moves across the care
continuum and optimizes patient outcomes, clinical operations, and
the economics of delivering care beyond the hospital and in the
home. Our future-proof enterprise platform is transforming
the nation's most innovative healthcare organizations as they
transition to value. To find out more, visit
www.myiahealth.com.
KORE Investor and Media Contact:
Jean Creech Avent
KORE
Vice President, Investor Relations and Public Relations
Phone: +1 843-986-8229
Email: jcreechavent@korewireless.com
Forward-Looking Statements
This press release includes certain statements that are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "believe,"
"may," "will," "estimate," "continue," "anticipate," "intend,"
"expect," "should," "would," "plan," "predict," "potential,"
"seem," "seek," "future," "outlook," and similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
include, but are not limited to, statements regarding estimates and
forecasts of revenue and other financial and performance metrics
and projections of market opportunity and expectations. These
statements are based on various assumptions and on the current
expectations of CTAC or KORE's management. These forward-looking
statements are provided for illustrative purposes only and are not
intended to serve as and must not be relied on by any investor or
other person as, a guarantee, an assurance, a prediction, or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of CTAC and/or KORE. These forward-looking
statements are subject to a number of risks and uncertainties,
including general economic, financial, legal, political, and
business conditions and changes in domestic and foreign markets;
the potential effects of COVID-19; risks related to the rollout of
KORE's business and the timing of expected business milestones;
changes in the assumptions underlying KORE's expectations regarding
its future business; the effects of competition on KORE's future
business; and the outcome of judicial proceedings to which KORE is,
or may become a party. If the risks materialize or assumptions
prove incorrect, actual results could differ materially from the
results implied by these forward-looking statements. There may be
additional risks that KORE presently does not know or that KORE
currently believes are immaterial that could also cause actual
results to differ materially from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect KORE's expectations, plans or forecasts of future events
and views as of the date of this press release. KORE and CTAC
anticipate that subsequent events and developments will cause these
assessments to change. However, while KORE and/or CTAC may elect to
update these forward-looking statements at some point in the
future, each of KORE and CTAC specifically disclaims any obligation
to do so. These forward-looking statements should not be relied
upon as representing KORE's assessments as of any date subsequent
to the date of this press release. Accordingly, undue reliance
should not be placed upon the forward-looking statements.
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SOURCE KORE Wireless
