Teladoc Health Inc. (NYSE: TDOC) stock surged 8.66% in pre-market trading on Monday, following the company's announcement of its new AI-enabled Virtual Sitter solution. This innovative technology aims to improve patient safety, address workforce challenges, and enhance care delivery for hospitals and health systems.
The Virtual Sitter solution utilizes advanced AI algorithms, motion detection, and pose estimation to visually detect patient movements that could lead to falls, enabling faster intervention by bedside staff. This technology addresses a critical issue in healthcare, as hospital falls result in nearly 1 million incidents and $50 billion in medical costs annually, according to the Centers for Disease Control and Prevention (CDC).
Teladoc Health's President of Hospitals and Health Systems, Andy Puterbaugh, highlighted the company's pioneering role in leveraging technology to support human interaction in patient care. The AI-enabled Virtual Sitter solution is part of Teladoc Health's broader suite of inpatient connected care solutions, which includes virtual nursing, physician consults, and interpretive services, designed to reduce the administrative burden on bedside staff and improve clinician and patient satisfaction.
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