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Philips: ECareCoordinator & ECareCompanion Applications Receive 510(k) Clearance

Royal Philips (PHGFF.PK,PHG) announced its eCareCoordinator and eCareCompanion telehealth applications have received 510(k) clearance from the U.S. FDA. A part of Philips Hospital to Home's suite of telehealth programs, eCareCoordinator and eCareCompanion are focused on patient care within the home and are the first clinical applications to be available through the cloud-based digital health platform, which Philips announced in collaboration with Salesforce.com earlier in the summer.

The two applications will support new at-home care models like the program being piloted at Banner Health, a pioneer accountable care organization in Arizona, USA. Philips will be launching a similar program with Henry Ford Health System, one of the nation's leading integrated health systems based in Michigan, USA.

eCareCoordinator supports population health management by providing clinicians with a daily review of each of their patients, allowing them to prioritize patients and adjust care plans or intervene as needed. The application gives clinicians real-time access to both objective health data - like vital signs, blood pressure and weight.

The eCareCompanion application serves as the patient portal, driving patient engagement and self-management. The personalized application is accessed via a tablet, and allows patients to answer questions about their health and enter requested measurements to stay connected with their care teams.

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A busy week for economics saw the release of first quarter growth figures for the U.S. economy and the interest rate decision in Japan. Read our stories to find out why the GDP data damped market sentiment in the U.S. and what were the signals given out by the Bank of Japan. Other news this week included new home sales data and jobless claims figures from the U.S., and the latest purchasing managers' survey results for the Eurozone.

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