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TMNG Global and Scientia Advisors Form Strategic Alliance For Emerging Home Health Market - SmartCard Trends
Oct 05, 2010
TMNG Global (NASDAQ: TMNG) a leading provider of professional services to the global communications, digital media, technology, and financial services industries, and Scientia Advisors, a global management consulting firm specializing in healthcare, life science, nutrition and biotechnology, today announced a partnership to offer strategic consulting services for the emerging home health* sector.
According to Scientia Advisors, the global home health market will grow to an estimated $250 billion ecosystem of services and products by 2014. Home health products alone represented $30 billion in 2009 and are expected to grow at 8 percent CAGR over the next five years. Several particularly exciting segments, such as mobile health (mHealth) and remote health, are growing faster than larger, more mature segments that account for the balance of the home health category, as revealed in Scientia's industry review, "Promising Opportunities within the Home Health Management Landscape."
"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. "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 to help IT, telecom and healthcare clients navigate the emerging home health sector."
Together, the partners form a unique team of home health experts to help IT and telecom companies quantify the market opportunities, analyze the health care-specific challenges, assess the competency fit and develop sound business models and strategic roadmaps to drive long-term market success. Complementing TMNG Global's expertise in communications and technology, Scientia brings to bear strategic and tactical insight across multiple segments of the home health market space, including home health agencies, remote monitoring and mHealth.
TMNG Global's strategy division, CSMG, has conducted significant research of the mHealth sector and, earlier this year, published a comprehensive study of the emerging dynamics of the mHealth industry and its implication for new players, entitled mHealth: Taking the Pulse. Leveraging its signature strategy and quantitative methodologies and proprietary knowledge, CSMG provides a broad range of strategic advisory services in support of growth and business transformation to ecosystem and business model evolution to organizational effectiveness improvements and deal development.
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