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TMNG Global and Scientia Advisors Form Strategic Alliance
Oct 07, 2010
By Raju Shanbhag, TMCnet Contributor
TMCnet | Healthcare
TMNG Global partnered with Scientia Advisors to offer strategic consulting services for the home health sector. According to TMNG Global (News - Alert), this emerging market has huge potentials.
With the advent of technologies such as mobile health (mHealth) and remote health, home health is on the rise in countries like US chronic disease is the biggest driver of rising healthcare costs today. One solution to reduce those costs is to find ways of caring for chronic patients at home, as opposed to in hospitals.
The global home health market will grow to an estimated $250 billion ecosystem of services and products by 2014, say Scientia Advisors. Home health products alone represented $30 billion in 2009 and are expected to grow at eight percent CAGR over the next five years. Scientia brings to bear strategic and tactical insight across multiple segments of the home health market space, which complements TMNG Global's expertise in communications and technology.
“While the home health market presents tremendous revenue opportunities ahead, traditional health care, telecom and technology players entering the arena will need to be armed with the right market insights in evaluating home health care offerings," said Rich Nespola, chairman and CEO of TMNG Global, in a press release. "Scientia Advisors' deep domain expertise in health care and our successful track record with global telecom and technology providers creates an unmatched portfolio of expertise.”
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