Market Segment
PanHealth has designed and implemented products to operate in two distinct areas
of healthcare, namely:
- Efficacy Tools: Patient Compliance Tools
- Efficiency Tools: Medical Transcriptions
The healthcare industry is estimated at $ 1.3 Trillion and growing at an annual
rate of about 10%. The United States Government Accounting Office (GAO) estimates
that as much as $ 340 Billion is wasted annually on unnecessary utilization, duplication
of services and fraud (study by Forrester Research Group).
Patient Non-Compliance alone accounts for over $ 100 Billion annually (source: BTAB/
Managed Care 94). This wasteful expenditure is a savings and a market opportunity.
Chronic diseases like Diabetes and Hypertension rank high in medical non-compliance
owing to their non-symptomatic nature. Since these diseases affect over 50 Million
Americans, there is a huge opportunity to cut healthcare costs as well as improve
management of the diseases by the application of PanHealth™ Compliance Engine™.
PanHealth™ has designed and implemented products to work over a range of communication
methods making them universally deployable, convenient and effective.
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