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Introducing First-of-a-Kind PhysIQ Predictive Analytic Technology for Proactive Health Monitoring
|By Business Wire
|July 24, 2014 08:09 AM EDT
has announced the company launch based on its proprietary predictive
analytic technology for human physiology. PhysIQ is the first
patient-centered predictive analytics platform for both the regulated Healthcare
and unregulated Health
& Fitness markets. This novel platform is designed to reliably
detect subtle changes in vital signs and other health indicators helpful
to both clinicians in managing patients who are suffering from chronic
illness, as well as consumers interested in tracking their own health
and fitness levels. The PhysIQ platform constructs a personalized
baseline norm for each person monitored, rather than simple trending or
comparison to population-based statistics. It can also be embedded into
patient monitoring devices from other manufacturers who are seeking to
design “smarter” products.
“Many technology companies today are delivering health information
through medical or consumer devices. However, they are all missing an
essential step, which is giving the person monitored real-time health
updates based on their own health background. The PhysIQ
platform is different from all other analytical approaches currently
being used in the emerging Digital Health space because it compares you
to you, and not you to what might be normal for the broader population,”
explains Gary Conkright, CEO, PhysIQ. “Our transformational predictive
analytic technology is designed to bring new insights to physiology
vital-sign monitoring for applications ranging from helping doctors to
better understand their patients with chronic medical conditions to
empowering the informed consumer to take greater control of their
Proven through millions of hours in highly complex industrial
Formerly known as VGBio, PhysIQ
founders previously worked to commercialize predictive analytic
solutions originally developed at the Argonne National Laboratory to
monitor complex, mission-critical machine applications, including
commercial jet engines, oil and gas, and nuclear reactors. Predictive
analytics has proven to be highly effective at reducing unplanned
outages and minimizing operating and maintenance costs in these and
other mission-critical applications. Boasting an extensive patent
portfolio, the PhysIQ team now brings the same personalized analytics
technology and commercialization expertise to monitor physiological
changes in the human body.
“Today’s healthcare system is optimized for an acute, reactive care
delivery model. Expensive and often scarce resources are mobilized to
stabilize and attend to patient needs, and all too often these patients
soon return to the hospital for another acute admission. This
traditional model is inefficient and unsustainable. Innovations in
remote monitoring devices, combined with data analytics technology from
PhysIQ, will make it possible to provide higher quality, proactive care
at a lower cost to the system,” states PhysIQ clinical advisor Dr.
Steven Steinhubl, Scripps Translational Research Institute.
Enabling connective health across multiple platforms
The patented PhysIQ advanced personalized health data analytics platform
is a device-agnostic platform designed to work with any wearable Digital
Health device or other sensor-based physiology monitoring equipment.
Recent announcements by major market leaders like Samsung, Apple and
Google on plans to create new and less obtrusive, wearable devices make
remote monitoring more practical than ever before. For example, it was
recently showcased at the Samsung “Voice of the Body” announcement of
SAMI (Samsung Architecture Multimodal Interactions), the company’s
cloud-based data broker platform, demonstrating how the PhysIQ platform
uses multiple streams of biometric data to create a numerical Wellness
Today’s wireless networks, non-invasive sensors and ultra-low power
consumption chips are now being combined to enable the continuous
collection of physiological data from ambulatory patients and health
conscious consumers alike. However, this will create a tsunami of data
that can quickly overwhelm users and prove to be difficult to interpret.
The power of the PhysIQ platform is that it analyzes numerous data
streams originating from any sensor or wearable device to gather key
data about a patient’s physiology, including heart rate, blood pressure,
oxygenation of the blood, respiration rate and many other biological
signals. It then readily converts this physiological data into
meaningful information that can be used by clinicians or consumers to
make informed decisions and change behavior.
Turning human data into intelligent, actionable insights
“The challenge of remote monitoring is to identify subtle precursors
against a backdrop of normal variation. PhysIQ provides exceptional
insight by processing and synthesizing multiple data streams in
real-time to create an individualized patient profile,” explains Dr.
Martin Burke, University of Chicago Medical Center. “A holistic baseline
profile makes it possible to pinpoint discreet changes that might
otherwise go undetected, yet represent significant clinical departures
from the patient’s normal baseline. This provides an invaluable
diagnostic tool to help physicians improve patient quality of life and
reduce the cost of care.”
Dr. Burke is overseeing clinical studies involving the PhysIQ platform.
PhysIQ has conducted two clinical studies on heart failure patients at
the University of Chicago Medical Center, and is preparing for a third
study, while in the process of adding several new study sites. The
PhysIQ platform is also the brains behind the company’s VitaLink remote
patient monitoring product that recently completed a paid pilot study
with the United States Department of Veteran Affairs. VitaLink uses an
Android smartphone app to transmit vital signs in real-time to PhysIQ’s
data center, where data is analyzed and made available for clinical use.
The company plans to submit a 510(k) to the FDA later this year. PhysIQ
also recently closed on a $4.6 million Series A funding round led by the
LionBird investment firm. The funds will be used to accelerate PhysIQ
corporate growth via additional clinical studies and regulatory filings.
Based in Naperville, IL, PhysIQ
is a company dedicated to making a difference in people’s lives through
its proprietary personalized predictive analytics technology. PhysIQ is
a proven, first-of-its-kind data analytics platform designed to process
multiple data streams to create a personalized normal baseline for each
individual, then monitor and detect clinically significant departures
from the norm to enable timely corrective action in the regulated
healthcare and unregulated health and fitness markets.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140724005288/en/
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