Cardiology monitor developer NI Medical Ltd. has signed a $1.5 million 2.5-year cooperation agreement with Oklahoma City-based Mobile Medical Services, which will use NI Medical's NICaS heart monitor at nursing homes across the US.
Cardiology patients are characterized by especially frequent repeat hospital stays. In the US, nursing homes lose $400 a day for each patient hospitalized with heart failure instead of staying at the nursing home. The average estimated loss of occupancy rate is 15%. Preventing heart failure and avoiding hospitalization also greatly contribute to patients' quality of life.
NICaS (Non Invasive Cardiac System) provides cardiology data, including heart rate, cardiac output, arterial pressure, and body liquids.
In a monitoring test on 35 cardiology patients, NI Medical found a sharp reduction in repeat hospitalizations by the patients who used NICaS. The company estimates the nursing home market potential at hundreds of millions of dollars a year.
NI Medical was founded in 2011 and is owned by CEO Adi Livneh and his partners.
Published by Globes [online], Israel business news - www.globes-online.com - on August 29, 2013
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