"COVID-19" articles

Prior to the pandemic, few local physicians’ practices offered telehealth or remote visits, and few if any hospital systems ran telehealth or remote patient monitoring programs at scale. In 2020 and 2021, much like patients themselves, care providers and health systems had little choice but to make heavy use of telehealth. With in-person elective visits gone and social distancing keeping many patients at home, providers stood to lose much of their revenue streams if they did not act...

There is a considerable market opportunity for residential security service providers to build on their core offering, chiefly by cultivating peace of mind value propositions for security-adjacent use cases. Certainly, macro events like the recent pandemic have impacted consumers' purchase behavior around residential security capabilities. Parks Associates asserts that the overall market growth tailwinds for residential security are strong due to mounting nationwide concerns about crime...

Connected health sensors and devices are critical to expanding the applications of care in the home. While remote patient monitoring platforms have not yet scaled to the same extent as virtual visit solutions, they are highly in demand by care professionals, and consumer experience with connected health devices and sensors in the home is growing rapidly.     Parks Associates research reveals that as of Q2 2021, 40% of adult heads-of-broadband households report...

With global cybercrime, damages already estimated near $1 trillion in 2019,[1] the threat to businesses and their remote employees surged as lockdowns and social distancing first hit in early 2020. Organizations ranging from enterprise to SMB face enhanced strategic, financial, and regulatory risk from data breaches, while employees are increasingly concerned about home network cybersecurity. Evolving Cyber Threat Landscape Throughout 2020, worldwide ransomware attacks...

Consumer familiarity with telehealth services and remote care is increasing across all demographics according to Parks Associates extensive consumer research. While the average telehealth user is 44 years old and likely to have children in the home, telehealth use has increased substantially across all demographic groups. Parks Associates Q2 2021 consumer data reveals the following changes in US broadband households: 54% of households with an annual income of less than...

Telemedicine and on-demand virtual care services provide a remote solution for physician visits, transitional care after a hospital discharge, and ongoing chronic care management, which can lower costs for both patients and providers. These services are also incredibly convenient for consumers and can expand access for those who have difficulty getting to the doctor, whether due to distance, scheduling, or condition. Telemedicine provides the convenience and efficiency of not...

Parks Associates continued its twenty-sixth annual CONNECTIONS™  conference with our in-person conference in Frisco, Texas on May 17-19. Amanda Forsyth, Director of Product Management at Cognitive Systems. Ahead of the conference, Amanda provided insights on how smart home products are evolving and consumer insights that will have an impact over the next few years. Amanda spoke on the panel, Health and Wellness Solutions: Expanding the Market, on May 19 at 1:00 PM CT which...

Parks Associates continues its twenty-sixth annual CONNECTIONS™ with our in-person conference in Frisco, Texas on May 17-19. Mitch Klein, Executive Director at Z-Wave Alliance will be featured on the panel, Bringing New Value: Growing Role of Smart Home Platforms, on May 18 at 8:30 AM CT which addresses how companies in this space can leverage platforms and industry standards to provide a reliable, interoperable ecosystem with a simplified user experience, delivering expanded value...