by Tim Bredrup
ActiveCare, Inc., a service company in telehealth and personal emergency response, recently announced a definitive agreement to acquire 4G Biometrics, a technology company that enables healthcare and insurance providers as well as employers to manage risks and reduce costs associated with employees diagnosed with diabetes.
The 4G Biometric acquisition allows ActiveCare to increase its membership base while gaining direct access to insurance and self-insured companies that are fully able to reimburse for ActiveCare’s suite of products and services.
Diabetes trails behind only cardiovascular disease as the most expensive disease state to treat. 4G Biometrics can help diabetics manage their disease and avoid acute events that cost healthcare and insurance providers millions of dollars per year. It does this by providing near-real-time blood glucose monitoring through a Bluetooth-enabled technology. Data points with any irregularities are instantly communicated to individuals/careproviders based on profiles defined by medical providers in order to more effectively treat and prevent major health issues.