ONGO: Stands to Benefit from Tracking in Canadian Healthcare Soon to Become Law
ONGO – Stock Guru Profile – On the Go
On The Go Technologies Group is in a growth field in Canada where tracking healthcare information is becoming the law and the technology that supports this tracking is crucial. On the Go stands ready to benefit from this new law as tracking patient disease and patient outcome is becoming the norm in Canada. The Ministry of Health recently ordered by law that results that impact medical diagnostic and scientific research be reported. OTG Healthcare continues to be recognized as a respected and pioneering sales and service force, and their Healthcare IT, and is already participating in cutting edge developments in Canadian Healthcare.
Canadian registration of new cases of specified diseases including cancer will be required of ALL healthcare providers. Submission of data on cancer patients to help with public health planning and health service development will be required of both public and private healthcare providers. When the National Registry of Diseases (NRD) Bill becomes law, the registry will include cancer, renal failure, heart disease and stroke. The data is required from the public sector healthcare institutions and private care so the data is complete and useful for national-level planning. The Ministry of Health (MOH) will take the data and it will be grouped and analyzed each year, then made available to hospitals, doctors and the public.
ONGO’s broad spectrum healthcare division, OTG Healthcare, has received an order for a turnkey DICOM archive solution inclusive of Acuo Technologies DICOM Grid software and hardware to be deployed within Saskatchewan’s Provincial healthcare region. The order is significant and unprecedented as it represents the first of its kind in Canada.
Acuo Technologies’ DICOM Services Grid software delivers 21st century image management features and performance. The AcuoMed Image Manager is a secure, open-system software solution for transporting, storing, tracking and retrieval of digital images across an entire DICOM network. The enabling open systems software solution, constructed on a collaborative and extensible grid computing model, facilitates an infrastructure built on a services-oriented architecture and virtualizes and replicates storage assets.
AcuoMed works in conjunction with digital asset manager AcuoStore. AcuoStore serves as a digital vault, communicating AcuoMed instructions to diverse DICOM storage devices, in which digital DICOM image and patient information is contained.
OTG Healthcare provides multiple IT platforms focusing on cohesiveness within often unrelated medical environments. In addition to improving cost effectiveness where both patients and clinicians benefit, the division provides an innovative technological framework easily managed throughout an entire network: a challenge that involves connecting a multitude of vendors, applications and locations. OTG Healthcare’s growing roster of medical facilities, and diagnostic delivery and administrative clientele, inclusive of the significant turnkey DICOM archive solution recently requested by a Canadian Provincial healthcare region, the first of its kind in the nation and poised to become an industry standard, is representative of not only the Company’s entrepreneurial spirit, but also its solid industry reputation.
Improving the quality of healthcare delivered allows the medical dollar to work harder which is of crucial importance in Canada. In medical imaging provisional sectors – OTG is a main player. By arriving early in the field, On the Go is positioned for a major growth phase fueled by the availability of new technology.
Continuous improvements in technology are resulting in a growing number of new digital imaging tests that combine high levels of accuracy with rapid easy-to-use product formats, as well as the electronic medical record adoption and high storage administrative systems to keep the networks flowing smoothly.
In light of necessary advancements, according to Datamonitor, healthcare providers will spend as much as $39.5 Billion on such technologies by 2008, representing a 7.4% five-year compound annual growth rate from 2003. OTG clients, the likes of larger hospitals and diagnostic centers, have been, and will continue to be, the catalysts of this growing IT adoption.
Services precisely like those offered by On the Go will support the new Canadian laws and this is a growth field. Seniors receive the bulk of medical care and the 2006 census figures are telling. A record 13.7% of Canada’s 31.6 million people are 65 and older, almost doubling from 7.7% in 1956. In other words, one in seven Canadians is a senior citizen. The proportion of seniors in the population could nearly double in the next 25 years, Statistics Canada said this week.
There are a record 1.2 million Canadians aged 80 and over who account for 26.9% of all seniors, up from 14.6% 50 years ago. Of this total, 4,635 are 100 or older, a figure that StatsCan predicts could triple by 2031. The baby-boomer generation, born between 1946 and 1965, makes up 30% of the population, the largest group in Canada.
According to the Centers for Medicare and Medicaid Services, the overall cost of North American healthcare doubled from 1993 to 2004, with almost $140 Billion more spent in 2004 than the year before. In 1997, healthcare accounted for 13.6% of the US GDP and with seniors exploding the population and the healthcare population this numbers have great significance for On the Go.
IT spending to track and monitor healthcare statistics will enable Canada to monitor disease and support research in disease. Canada recognizes that tracking disease and providing cost effective healthcare are inextricably intertwined. IT that can provide the tools for tracking will be crucial and On the Go is already well out of the gate in this healthcare division.
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Source: On the Go
Stuart Turk, CEO
On The Go Technologies Group
85 Corstate Avenue
Concord, Ontario L4K 4Y2
Canada
Phone: (905) 669-7979
Toll Free: (800) 295-5877
Fax: (905) 660-5738
Email: info@otgtech.com
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