EarlySense Increases Installed Base by 400% in 2017, Answers Rising Demand as Continuous Monitoring Comes Closer to Standard of Care

Wednesday, January 24, 2018 General News
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EarlySense Solutions Ordered in 2017 will Enable Healthcare Providers to Save More Than $100 Million per Year

TEL AVIV, Israel, January 24, 2018 /PRNewswire/ --

EarlySense, the market leader

in contact-free continuous monitoring solutions across the care continuum, announced today that new orders for the company's medical systems grew more than 400% in 2017 compared to 2016. Additionally, EarlySense almost tripled the number of beds being monitored at the end of 2017 compared to the total combined number of beds in the previous 12 years since the company's founding.

EarlySense estimates that its installed systems helped global medical institutions collectively save more than $100 million in 2017 alone. Based on clinical data, these cost savings may be attributed to EarlySense helping clinicians reduce adverse events, such as*:

- Preventing 2,414 falls

- Preventing 10,348 pressure ulcers

- Saving 137,970 patient hospital days

- Preventing 21,615 patient ICU days

- Preventing 2,076 code blues that result from cardiac or respiratory arrest

- Saving 1,765 lives

- Reducing hospital readmissions by over 15%

"More and more facilities, from hospitals to post-acute care sites, are turning to continuous monitoring to support their safety initiatives, meet new regulations, elevate patient care and assist medical teams and staff," said Avner Halperin, Co-founder and CEO of EarlySense. "At the same time, it is clear that continuous monitoring offers both accuracy and comfort that provides peace of mind for patients and their families. 2017 was an incredible year of growth for EarlySense, and our impact on both clinical and financial outcomes will continue to grow steadily as even more health providers adopt continuous monitoring and embrace the benefits of our technology."

In addition to the success of its medical device solutions, EarlySense home digital health solutions tracked more than 200,000 nights for home users in 2017. These products, which leverage EarlySense's hospital-proven technology, include Live™ for the aging population and the newly launched Percept™ for women who are trying to conceive. EarlySense is the first company ever to bring contact-free clinically-validated technology to the women's fertility market.

Placed under a bed mattress, EarlySense's patented sensor utilizes artificial intelligence and big data analysis to accurately monitor heart rate, respiratory rate, motion and sleep. The medical technology is FDA cleared, CE-marked and approved in Canada and South Korea. The home solutions are available for consumer purchase via the EarlySense website and Amazon.

* It is not possible to precisely determine the overall clinical and economic impact of implementing EarlySense systems globally. However, assuming that the outcome achieved in every bed is in line with the results published in the American Journal of Medicine in relation to reduction of adverse events are applicable worldwide, it is generally estimated that by early detection and intervention, clinicians were able to impact patients and hospitals as outlined herein.

About EarlySense 

EarlySense® provides contact-free, continuous monitoring solutions for the medical and consumer digital health markets. EarlySense's integrated sensor utilizes Artificial Intelligence (AI) and big data analytics to provide actionable health insights and improve clinical outcomes.

Used worldwide in hospitals, rehab and skilled nursing facilities, EarlySense assists clinicians in early detection of patient deterioration, helping to prevent adverse events, including code blues which are a result of cardiac or respiratory arrest, preventable ICU transfers, patient falls and pressure ulcers.

EarlySense offers clinically-proven technology to consumers with EarlySense® Live™ and Percept™. EarlySense® Live™ is the first at-home consumer health monitor powered by EarlySense's medically-proven sensor and AI analytics. Live is particularly useful for tracking the health and sleep of the aging population and children, to help facilitate better health choices. EarlySense® Percept™ is the first clinically-proven contactless monitor for fertility and period tracking. It accurately tracks internal body signals and assists couples who are trying to conceive.

EarlySense has partnered with leading global technology companies including Samsung, Welch Allyn, iFit and Beurer. The company is based in Ramat Gan, Israel and Woburn, MA. For more information, visit http://www.earlysense.com, http://www.earlysense.com/live and http://www.earlysense.com/percept. Follow EarlySense on LinkedIn, Twitter and Facebook, EarlySense Live on Facebook and Twitter and Percept at Facebook, Instagram, and Twitter.

Media Contact: Ellie Hanson Finn Partners +1-929-222-8006 ellie.hanson@finnpartners.com Company Contact: Hila Peleg +972-54-527-3117 hila.peleg@earlysense.com

SOURCE EarlySense

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