SAN FRANCISCO, CA--(Marketwired - March 30, 2016) - Because chronic conditions are difficult to manage by patients at home, with complications, hospitalizations and other expensive interventions sometimes necessary, they account for more than 75% of healthcare costs worldwide. To meet this need, Moseda Technologies Inc. (
The Life Sciences Report: Can you elaborate on the costs associated with long-term care, which Moseda Technologies Inc. can address?
Dr. Lisa Crossley: Chronic conditions account for over 75% of healthcare costs worldwide. These conditions are often poorly managed by patients at home, leading to complications and the need for emergency room visits, hospitalizations, long-term care facility admissions and other costly interventions. Readmissions cost the healthcare system precious funding, and U.S. hospitals are subject to payment penalties when a Medicare beneficiary is readmitted within a prescribed period with a complication that Medicare considers preventable. Approximately 20% of Medicare patients who are hospitalized end up back in the hospital within 30 days. Patient transport wastes precious healthcare dollars. In the U.S. each year, 2.2 million patients are…
Continue reading this interview: Moseda Joins Telus and Apple in the $20B Patient Home Monitoring Sector
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Moseda Technologies Inc. is a banner sponsor of Streetwise Reports. Dr. Lisa Crossley had final approval of the content and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Dr. Crossley and not of Streetwise Reports or its officers. The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.