Richmond, VA, May 29, 2012 —WellAware Systems, a leader in remote patient monitoring systems for senior care providers, announced it was selected as a finalist in the 2012 TripleTree iAwards for Wireless Health in the Consumer Innovation category. The company was selected as one of 12 finalists out of 167 nominated organizations. WellAware presented its solution at the Wireless Health Convergence Summit on May 24 in San Diego, California.
The TripleTree iAwards were created to recognize and reward exceptional companies that are demonstrating insight, innovation, and initiative in the healthcare industry. On an annual basis, nominated companies are judged based upon an evolving set of criteria with a focus on transformative solutions that are shaping the future of healthcare. TripleTree is an independent, research-driven investment banking firm focused on mergers and acquisitions, financial restructuring, and principal investing advisory services for innovative, high-growth businesses and their investors in the healthcare industry.
WellAware's advanced remote patient monitoring solution monitors the wellness of seniors and identifies changes in patterns such as sleep quality, bathroom visits, and activity level. Utilizing non-invasive technology, data analytics and proprietary algorithms, the solution provides objective information to caregivers which empowers them to make proactive decisions about care before emergent conditions become acute.
"It was an incredible honor to be selected as a finalist by TripleTree, out of 167 companies nominated. To be chosen among such an esteemed group of healthcare innovators is a significant accomplishment," said Teresa DiMarco, CEO of WellAware Systems. "TripleTree's recognition of healthcare innovation will help promote adoption of solutions like WellAware's that improve health care outcomes and enhance cost effectiveness of care. All of the 2012 finalists were winners and we congratulate everyone who participated in the event."
About WellAware Systems
WellAware is a leader in advanced remote patient monitoring systems for senior care providers. Our solutions deliver the tools for early interventions into emergent conditions, reduced hospitalizations and improved quality and cost of care. For more information, please visit the company online at www.wellawaresystems.com.