We plan to deliver on the audience's trust by bringing to market a wireless solution that will ease the lives of 28 million Americans with diabetes by helping to control blood sugar, reduce complications, and save healthcare costs.
San Diego, CA (PRWEB) October 14, 2009
At today's first-ever CTIA Fund Fest, Telcare, which links patients with chronic illnesses to their doctors using mobile technology, won the People's Choice award selected by show attendees via electronic voting.
Telcare, the People's Choice winner, uses machine-2-machine cellular technology to link patients with chronic illness to physicians and other caregivers in order to improve compliance with treatment and outcomes of care. By creating an immediate two-way feedback loop between patient and caregiver, Telcare has already demonstrated the potential to reduce incidence and costs of complications by nearly 40 percent, at no added cost to the health care system. Unlike other proposed solutions which require new reimbursement mechanisms for financial viability, Telcare's approach replaces already reimbursed testing devices and supplies with m2m-enabled technology in order to tap into the existing $12 billion global marketplace for chronic disease testing. Jonathan Javitt, M.D., founder and CEO accepted the People's Choice award.
"Telcare was both honored and humbled to be selected by the CTIA audience at such an early stage in its developement," said Dr. Javitt. "We plan to deliver on the audience's trust by bringing to market a wireless solution that will ease the lives of 28 million Americans with diabetes by helping to control blood sugar, reduce complications, and save healthcare costs."
CTIA Fund Fest took place on the keynote stage at International CTIA WIRELESS I.T. & Entertainment 2009® this morning. Produced in partnership with MobiTechFest, CTIA Fund Fest invited budding entrepreneurs and start-ups to submit executive summaries and investor pitches for innovative mobile products and services that spanned several entry categories. A review committee comprised of partners from top venture capitalist firms evaluated the applications and selected the five finalists who presented on stage this morning.
"Today's CTIA Fund Fest winners will drive the next wave of mobile innovations," said Robert Mesirow, vice president and show director for CTIA. "From wireless health to m-commerce, our finalists all demonstrated the continued growth and innovation of the mobile business sector."
Telcare, LLC, is a Maryland Small Business focused on using cellular technology to connect the last mile between patient and physician in the care of chronic Illness. Telcare has established a research partnership with the University of Maryland School of Medicine to test its technology. The TelCheck glucose meter is an experimental medical device that has not yet received FDA clearance.
About Jonathan C. Javitt, M.D., M.P.H.
Dr. Javitt is Founder and CEO Telcare, LLC. He has 30 years of experience in combining clinical understanding with expertise in health information technology, policy, and health economics. He has participated in forming leading health informatics companies, including NextGen (now owned by Quality Systems); Ingenix (a United Health Care subsidiary); and Active Health Management (now owned by Aetna). In addition, he has 20 years of experience working with major pharmaceutical companies, with a focus on combining innovative clinical development with regulatory and reimbursement strategies to accelerate registration and maximize market acceptance.
Dr. Javitt has served as a health advisor to both the Clinton and Bush Administrations and was commissioned by President Bush to chair the health subcommittee of the President's Information Technology Advisory Committee. He has served as a delegate at large to the White House Conference on Aging; a special employee of the Undersecretary of Defense; and in consulting roles to the Chief of the White House Domestic Policy Council and the President's Council of Economic Advisors. He has also been a consultant to the Health Care Financing Administration, the World Bank, the National Institutes of Health, the Department of Veterans Affairs, and the ministries of health of several foreign countries.