MOUNTAIN VIEW, Calif., May 24, 2016 /PRNewswire/ -- Based on its recent analysis of the healthcare data interoperability market, Frost & Sullivan recognizes Validic with the 2016 North America Frost & Sullivan Award for Visionary Innovation Leadership. Validic's Digital Health Platform is a cloud-based data interoperability platform that facilitates the fluid and secure transfer of health information from a multitude of digital sources to key healthcare stakeholders, including providers, payers, health IT vendors, pharmaceutical companies and contract research organizations (CROs). This ability to enable a seamless connection to health insights from diverse data sources including in-home clinical devices, consumer health applications, biometric sensors and fitness wearables makes Validic the most comprehensive and advanced connected health solution presently available in the market. Furthermore, by placing patients at the center of the ecosystem, Validic is powering the transition to value-based care models.
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Frost & Sullivan presents this award to a company that consistently develops new growth strategies based on a clear and holistic understanding of the current and future market, thus effectively addressing the relevant, and often times complex, challenges and opportunities presented in healthcare. Delivery of this award recognizes Validic's tenacity and proven success in providing comprehensive digital health connectivity solutions that facilitate the simple and secure acquisition and integration of patient-generated health data.
While the Validic Connect™ solution links healthcare companies to the clinical and consumer health insights from digital technologies, Validic Mobile™ aids in the secure and easy data acquisition from various Bluetooth-enabled smart devices as well as non-connected, in-home legacy medical devices. These two innovative solutions have overcome the market's data capture obstacles and contribute to Validic's overall unmatched platform functionality and market differentiators.
A key component of Validic Mobile™ is its latest technology offering, VitalSnap™. This proprietary, patent-pending technology enables real-time health data transfer from locked or non-connected legacy medical devices to health information technology (IT) systems. Users can capture health data from their legacy devices using their smartphone's camera and easily send the data to an electronic health record (EHR), patient portal or clinical dashboard.
"Since its inception, Validic has established itself as an industry leader and de facto standard in health data interoperability," said Greg Caressi, senior vice president, transformational health at Frost & Sullivan. "Validic continues to recognize and address the key challenges facing patients, clinicians and healthcare organizations, as well as the opportunities for growth and improvement, within this competitive and continuously-evolving space."
Unsurprisingly, Validic's digital health technology platform is proving to be disruptive in the enterprise health data connectivity space. As Validic's solution is meant to enhance and not replace the existing user interface or application workflows, stakeholders are able to transition at their own pace without compromising performance in the care setting.
Unlike most existing health IT solutions in the market, Validic's modular design allows the system workflows to be modified to fit specific end-user needs. Its solution is designed to simplify digital health implementation and data integration with existing healthcare applications, portals, dashboards and IT systems as well as be scalable and easily adaptable to new technologies.
Despite tough competition from industry-leading vendors offering end-to-end healthcare interoperability solutions, Validic's Digital Health Platform has proven to be a solid market differentiator in an increasingly crowded and competitive landscape. The company's early entry into the mHealth and digital health data integration sectors has established a strong footprint for the company in the healthcare industry for both providers and payers, while it continues to expand its presence in other areas of healthcare.
"Shifting government regulations, increasing sophistication of technology, and escalating patient demands for better access, affordability and outcomes are effectively changing the way healthcare systems operate, making access to patient data a critical element to success," noted Caressi. "For championing health data interoperability and advancing healthcare's transition to value-based care, this award is well-deserved."
Frost & Sullivan presents this award to the company that has demonstrated the understanding to leverage global Mega Trends and integrate their vision into processes to achieve strategic excellence. The Award recognizes the efficacy of the recipient's innovative approach to health data interoperability and the impact it has on healthcare and society at large.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
About Validic
Validic provides the industry's leading digital health platform connecting providers, pharmaceutical companies, payers, wellness companies and healthcare IT vendors to health data gathered from hundreds of in-home clinical devices, wearables and consumer healthcare applications. Reaching more than 223 million lives in 47 countries, its scalable, cloud-based solution offers one connection to a continuously-expanding ecosystem of consumer and clinical health data, delivering the standardized and actionable insight needed to drive better health outcomes and power improved population health, care coordination and patient engagement initiatives. Validic was named to Gartner's "Cool Vendors" list and received Frost & Sullivan's "Best Practices and Best Value in Healthcare Information Interoperability" and "Top 10 Healthcare Innovating Disruptor" awards. To learn more about Validic, follow Validic on Twitter or visit www.validic.com.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
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Contact:
Frost & Sullivan:
Chiara Carella
P: +44 (0) 207.343.8314
F: 210.348.1003
E: chiara.carella@frost.com
Validic:
Ashley Rae Needham
P: +1-919-423-0233
E: ashley.needham@validic.com
