Boston Scientific (NYSE:BSX) is looking for some ideas about using remote monitoring to improve care and is willing to put up $25,000 to find them.
The Marlborough, Mass.-based medical device company’s Connected Patient Challenge is an open invitation for submissions from clinicians, engineers, designers and entrepreneurs on new ways to manage the flow of data and the decision-making process, via the Medstro social networking site.
The challenge is open until Jan. 5, 2016, with the finalists presenting their proposals at a live event in Cambridge, Mass., vying for $25,000 worth of in-kind services, Boston Scientific said.
“We firmly believe in the power of contests like these to produce game-changing technologies that can help transform the way healthcare is delivered,” corporate research vice president David Knapp said in prepared remarks. “Collaboration and open innovation are at the core of Boston Scientific’s vision for the future of healthcare. By combining our industry leadership with Medstro’s vibrant online community and collaborative competition platform, we hope to inspire the next generation of digital health solutions.”
“With an estimated 165,000 patients in the U.S. now using mobile health apps and 83% of clinicians reportedly using smartphone technology during clinical care, Boston Scientific’s challenge is an incredible opportunity for clinicians and innovators with big ideas to potentially turn those ideas into reality,” added Medstro founder & CEO Dr. Jennifer Joe.
The challenge is not Boston’s 1st foray into remote patient monitoring. The company in August inked a sales & marketing deal with cardio-focused remote patient care company Preventice Solutions.