Keith Houlihan, president and chief executive officer of Sanomedics International, has announced the launch of Sanomedics Development Corporation. The new corporation will be led by Abhishek Shrivastava, chief technology officer.
A wholly-owned subsidiary of Sanomedics International, Sanomedics Development will be an incubator for identifying and bringing to market healthcare-focused solutions in information technology, software, medical devices, services and tele-health applications. These new solutions for the healthcare industry are anticipated to reduce cost, increase quality and improve healthcare efficiency overall.
Keith Houlihan, president and CEO, said: “Efforts at healthcare reform undertaken by President Obama focus on improved uses of information technology with the development of new devices and services to meet the two major goals of reform – improved quality and reduced cost. Sanomedics Development is our effort to find, fund and bring to market as rapidly as possible these newly emerging solutions through Sanomedics International.”
Sanomedics Development Corporation will be funded and controlled by Sanomedics International Holdings.
Abhishek Shrivastava, chief technology officer of Sanomedics, said: “This will allow for rapid product evaluation and decision-making in regards to newly discovered opportunities. In my view, the uncontrolled ever-escalating costs across the healthcare industry are unsustainable. New innovations combined with speed to market and rapid adoption are critical in providing effective and affordable solutions to the problems facing healthcare today.”