ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

LogicMark Launches AI-Powered Caregiver Tools To Empower Predictive Decision-Making

By Meg Flippin, Benzinga

LogicMark Inc. (NASDAQ: LGMK), the provider of personal emergency response systems, health communication devices and technology for the growing care economy, is turning the convergence of critical data into real-world impact. By integrating data such as falls, emergency calls, daily steps, active time, and medication adherence, to provide caregivers with a complete picture of the individual to identify risks earlier, intervene more effectively, and support seniors in maintaining independence longer. After all, that is the ultimate goal of LogicMark and the devices, software, and services the company has revolutionized.  

The Power of Data 

LogicMark is looking to expand the number of data sets it utilizes to empower caregivers as health changes tend to show up first in small shifts in falls, movements, or in medication adherence habits that can't easily be spotted alone. When AI-processing is combined with these data sets, the technology immediately becomes predictive. Regularly monitoring the person and detecting even the slightest change in behavior or patterns, that can be all it takes to spot something amiss and alert caregivers to take preventive action. 

Activity metrics and medication adherence data sets can paint a very clear picture when analyzed over time, as acute changes in data are cause for alarm. For example, an older adult who lives alone is required to take a once daily cholesterol pill. Over time he starts taking it an average of 45 minutes later than usual. At the same time his average daily steps begin to decrease from 10,000 to 2,000 over the course of a month. That decline, coupled with the delay in taking his medicine, could be a sign that there is a growing mobility issue that needs to be addressed.  

Another example could be the woman who lives alone and usually takes all three of her prescription medications on time every day but starts missing a dose here or there every few days. At the same time her active time outside of the house begins to decline. That decline in active time and increase in forgetting to take her medicine could alert caregivers and family members of cognitive decline. Both of those potential issues may not be identified if only one data set was being collected. 

LogicMark Brings It All Together

These advancements are possible due to LogicMark’s hardware, software, and proprietary AI algorithms.  The Freedom Alert Max’s advanced personal emergency response system is one device in the company’s line of medical alert devices that collect data in real time. It provides 24/7 monitoring and emergency assistance both at home and on-the-go. The device includes features such as fall detection, geofencing, emergency caregiver video, GPS location tracking, two-way communication, and now medication management and activity metrics in one device.   

It is the first time medication reminders have been integrated directly into a medical alert device, eliminating the need for separate smartphone apps. Caregivers can enter multiple medications and detailed dosage information through the company’s Care Village app. Notifications and clear dosage instructions are then received directly on the Freedom Alert Max device. The wearer can confirm they took their medication or select "Remind Me Later.”  If someone fails to respond to a reminder, the system automatically logs this information in LogicMark's backend system. This data is then processed through proprietary AI algorithms, which recognize patterns that could contribute to potential falls or emergencies. 

The data is also used in establishing a comprehensive, baseline wellness profile of the user via LogicMark’s patent-pending Care Village Digital Twin technology. Through the digital twin, LogicMark is building a back-end mirror image of its users. The virtual twin analyzes the person’s data to predict future outcomes, enabling caregivers to take proactive and preventive steps instead of reacting after the fact. 

By integrating advanced technology like Medication Reminders and Activity Metrics into its devices and sharing data through its Care Village Digital app, LogicMark is empowering caregivers to spot any issues long before they become problems and gives older adults the confidence to live independently. To learn more about how LogicMark is taking predictive preventive care to the next level, click here

Featured image from Shutterstock

This content was originally published on Benzinga. Read further disclosures here.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

Recent Quotes

View More
Symbol Price Change (%)
AMZN  227.35
+0.59 (0.26%)
AAPL  273.67
+1.48 (0.54%)
AMD  213.43
+12.37 (6.15%)
BAC  55.27
+1.01 (1.86%)
GOOG  308.61
+4.86 (1.60%)
META  658.77
-5.68 (-0.85%)
MSFT  485.92
+1.94 (0.40%)
NVDA  180.99
+6.85 (3.93%)
ORCL  191.97
+11.94 (6.63%)
TSLA  481.20
-2.17 (-0.45%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.