Apply historical knowledge, market returns, and risk premiums in financial markets to managerial decisions.
Patient care has become a primary focus in the development of new healthcare technology. Technological development in clinical applications is a significant trend in healthcare currently, and hospitals worldwide are adopting exciting new innovations in the area of patient care. A 2016 survey circulated among healthcare providers indicated (HIMSS, n.d.) indicated that 74% of healthcare professionals consider Information Technology to be a critical tool in clinical settings, for instance. In a hospital setting in particular, patient monitoring is a critical aspect of patient care in a hospital setting. Isansys is an innovative, continuous vital sign data acquisition, analysis, and prediction platform that combines wearable wireless sensors and networks with analytical algorithms and data analysis to provide low cost, continuous monitoring for patients. The technology can be used either in a hospital setting or at home. This technology was pioneered with the assistance of clinicians and hospitals as an innovative and unobtrusive new patient monitoring technology with predictive care methodologies to improve patient outcomes and reduce cost. The Oxfordshire-based company received a Small Business Research Initiative (SBRI) grant to increase the functionality and extend the intended use of its innovative Patient Status Engine (PSE). Hospitals in England and India then participated in early trials, and it is currently in use in many countries throughout the world, but has not gained widespread adoption in the United States. PSE provides a continuous vital sign data acquisition, analysis and prediction platform that is helping hospitals and healthcare organizations move into the next generation of digital, data driven patient care (Hortin, 2015).