|Cardiocom, Medtronic's Patient Monitoring Services Business, Announces Partnerships with Home Health Care Companies|
With New LHC Group Service Agreement, Medtronic Now Serves Four of the Five Largest Home Health Care
DUBLIN and MINNEAPOLIS - Feb. 2, 2015 - Medtronic plc (NYSE: MDT) announced today a partnership agreement between its Cardiocom business and LHC Group (NASDAQ: LHCG), a U.S. provider of home health, hospice and comprehensive post-acute healthcare services, to provide integrated clinical telehealth services and medical technology to their patients. This agreement adds to the growing list of home health care organizations that are now customers of Cardiocom, Medtronic's Patient Monitoring Services business. Four of the five largest home health care companies in the United States are now Medtronic customers.
"As more health systems and Accountable Care Organizations look toward maximizing value and population health models, post-acute care providers are playing a critical role in ensuring patients remain healthy through the transition from the hospital to their homes," said Daniel L. Cosentino, vice president and general manager of Medtronic's Cardiocom business. "We are proud to be providing LHC Group, and all of our partners, with easy-to-use telehealth technology and clinical support services to complement their in-home visit of patients to keep them healthy and out of the hospital."
The agreement enables Medtronic to provide telehealth devices for LHC Group's existing care transitions program, T3 -Transitions, Training and Triage - to support their disease management approach that has been clinically proven to reduce emergency room visits and prevent avoidable readmissions. Specifically, LHC Group will be utilizing the COMMANDER FLEX remote patient monitoring devices, which simplifies home telehealth management and education for patients with complex conditions such as heart failure, hypertension, COPD, and diabetes. The COMMANDER FLEX system allows LHC to conduct the daily monitoring of symptoms and vital signs to anticipate events, assess risk and communicate with patients before an acute event such as a hospitalization, providing the most appropriate and cost effective care to their patients.
Medtronic's innovative home telemonitoring equipment and telehealth services enable health professionals to identify symptomatic patients and intervene early to prevent unnecessary hospitalizations.
"Medtronic recognizes that in order to better address the changing needs and challenges of healthcare systems, we need to provide new solutions to help our customers maximize value and improve care," said Mike Genau, senior vice president and president, Americas Region, for Medtronic. "We're excited to be leveraging our expertise in therapy innovation and the capabilities of Cardiocom, our Patient Monitoring Services business, to create new value-based healthcare solutions."
Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.
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