Spry Health has announced “Loop,” which is a clinical-grade wearable and disease management platform. The goal is to help chronically ill patients and decrease spending by healthcare organizations, the company said.
“In a given year, over 28 million hospitalizations are attributed to chronically ill patients, resulting in an average bill of $37,300 per stay with some patients winding up in the hospital three or more times per year,” said co-founder Elad Ferber.
The Loop collects vital signs and its analytics platform notices subtle physiological changes.
Its digital monitoring evaluation looked at 250 participants to evaluate Loop with clinical standards of care for blood pressure, heart rate, oxygen saturation, respiration, and CO2 monitoring. Spry Health has submitted an FDA application and is seeking clearance for Loop by early 2018.
