|By PR Newswire||
|January 20, 2014 09:30 AM EST||
MOUNTAIN VIEW, Calif., Jan. 20, 2014 /PRNewswire/ -- Based on its recent analysis of the patient nutrition market, Frost & Sullivan recognizes GNF Technologies with the 2013 North America Frost & Sullivan Award for New Product Innovation for its Nutrition Advanced Technology (NAT) solution. This tool provides medical staff with up-to-the-minute records of patients' nutrition intake, which allows caregivers to remedy any interruptions in feeding.
NAT addresses three unmet needs in the market: monitoring and documenting patient nutrition information; providing near-real time and historical patient data based on personalized nutrition logs; and recording food intake while simultaneously comparing it with calculated nutritional goals. This nutrition data will serve as an additional source of information that will help doctors better understand the disease and patient behavior.
NAT technology also plugs the gaps that exist in the current enteral pump designs, which prevent them from consistently delivering the prescribed amounts of food. NAT's ability to continuously monitor nutritional intake and compare the intake with the recommended caloric goal makes it a far more effective tool than competing products.
"NAT also has the ability to interface with electronic medical records (EMR), which helps in the accurate analysis of patient demographics and laboratory data," said Frost & Sullivan Research Analyst Venkat Rajan. "This allows all data to be concentrated in one space to give doctors easy access to patient history."
Another outstanding feature of NAT is its vendor neutrality; it can be connected to any hospital information system (HIS) or enteral feeding pump. As an adjunctive solution, its versatility makes it easier for hospitals and doctors to assimilate it into their daily routines. The synergies between NAT and other monitoring devices could result in a comprehensive solution that helps prevent patient complications.
This novel technology will be implemented in phases. Phase one will cover the NAT software application, setting up the innovative support tool for clinicians. Phase two will deal with the introduction of the scale, which will accurately monitor and record the time and rate of the nutrition intake automatically and interface with the software.
As well-nourished patients have a higher and quicker chance of recovery, NAT has the potential to reduce hospital stay and lower overall healthcare complications and associated costs. The timing of the product is also fortuitous, considering the Joint Commission's recent focus on the need to set up nutrition standards for patients in hospitals.
"Furthermore, the NAT product design is simple and easy to use; this eliminates the need for extensive training programs and facilitates adoption and implementation," noted Rajan. "In the coming years, Frost & Sullivan believes that NAT will exhibit more improvements, not only in functionality, but also aesthetics."
Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased ROI it offers customers, which, in turn, increases customer acquisition and overall market penetration potential.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
About GNF Technologies
GNF Technologies, LLC is a leader in delivering innovative solutions to healthcare, improving patient outcomes. With over 100 years of clinical expertise, GNF Technologies has proven to be a game-changer in nutrition therapy.
- Our Mission is to create and deliver highly innovative healthcare solutions with the use of advanced technology and value-driven products, allowing healthcare providers to deliver high-quality patient care and ensuring world-class service, optimizing quality of life and improving patient outcome.
- Our Value Proposition: GNF Technologies employs innovative technology to craft solutions which improve patient care. By using disruptive technology innovations, our solutions improve the productivity of the healthcare clinician by enhancing communication and collaboration in an effective and affordable way.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
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SOURCE Frost & Sullivan
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