San Diego’s telmedx One of Most Promising Companies at Personalized Medicine World Conference 2013
San Diego CA – January 30, 2013 – San Diego-based telemedicine company telmedx (www.telmedx.com) was selected as one of top three Most Promising Companies of 2013 at the exclusive Personalized Medicine World Conference in Mountain View, California. The Personalized Medicine World Conference (http://2013sv.pmwcintl.com) brought together thought-leaders of business, government, healthcare-delivery, research and technology in the only fully-integrated conference to examine the advances and challenges of Personalized Medicine through a practical lens.
At the conference, telmedx competed among other pre-selected, emerging companies that are defining the next generation of platforms and technologies in healthcare. With the telmedx system, doctors can remotely examine patients over cell phone cameras and capture high resolution still images simply by logging onto an Internet browser on any computer or tablet.
Diego Miralles, M.D., Director of Janssen Research & Development and Janssen Healthcare Innovation in San Diego, joined leading venture capitalists from Kleiner Perkins Caufield & Byers, Sequoia Capital, InterWest Partners, Physic Ventures, Geisinger Ventures and others as judges for the Most Promising Company competition.
“Our team is delighted that telmedx has been named one of the top three emerging companies at the Personalized Medicine World Conference. Doctors today need better tools to examine and diagnose more patients more quickly and with more flexibility outside of facilities, and telmedx allows medical professionals to examine patients anytime, anywhere over cell phone cameras,” stated Richard Anglin, CEO of telmedx. “With our unique technology connecting doctors on a Web browser to the cell phone camera of patients, medical providers can avoid preventable readmissions, and avoid the penalties already being handed down under new healthcare regulations. We have re-invented the house call and made it better.”
The telmedx telemedicine platform differs from other mobile video providers by combining live video, high quality audio and remote image capture to allow medical professionals to make simple assessments remotely, increasing efficiency and helping deliver better medical outcomes.
A 2010 study by Price WaterhouseCoopers on excess and waste in healthcare costs found that needless Emergency Room (ER) visits cost the U.S. healthcare system $14 billion per year, and preventable hospital readmissions contribute an additional $25 billion in waste. Through consultations with a number of doctors, telmedx estimates that without visual information about the patient, triaging caregivers needlessly send about twenty-four percent (24%) of patients to the ER. Millions of dollars per month per medical provider can potentially be saved in avoidable ER visits and preventable readmissions. The cell phone-based telemedicine platform of telmedx can address these issues and others, and is currently deployed in usability trials demonstrating better medical outcomes and lower costs.
“The telmedx mobile phone video system is a perfect fit today for helping doctors make simple assessments more easily. It is also a valuable risk management tool to help manage patient follow up care. We are excited about the interest telmedx has received around the world as healthcare innovators,” continued Anglin.
With headquarters in San Diego, CA, telmedx provides live high quality medical-grade video™ and audio from patient cell phones for clinician triage, remote diagnosis, follow-up care, drug and protocol compliance and health status monitoring without a patient visit to a brick-and-mortar medical facility. The company’s HIPAA and HITECH-compliant telemedicine platforms help reduce costs, manage risk and create new revenue opportunities for healthcare providers. Our revolutionary technology is poised to help deliver greater access to healthcare throughout the world.