Qualcomm, Inc.'s Surprising Connection to Mobile Health

Nearly everyone in the world comes into contact with Qualcomm's (NASDAQ: QCOM  ) technology in the form of wireless service, but most are unaware of the tech company's involvement in mobile health.

At the recent mHealth Summit near Washington, D.C., the Fool's Max Macaluso and Rex Moore were able to speak with Robert McCray of the Wireless-Life Sciences Alliance. Rob explained what it takes to provide a connected health care system. Such systems are built on a stack of technologies that enable mobile phones and other mobile devices, the Internet, the cloud, massive data storage, and analytics. Those are the key technologies that enable wireless mobile and connected health.

In this video, Rob explains Qualcomm's involvement. A full transcript follows the video.

Investing ideas beyond mobile health
There’s a huge difference between a good stock and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it’s one of those stocks that could make you rich. You can find out which stock it is in the special free report "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.

Max Macaluso: Can you talk more specifically about what Qualcomm is doing in this space? I know they're seen more by investors as a pure tech company, and I'm not sure a lot of people know that they do anything in health.

Robert McCray: Yes. They are a tech company, right? Their technology is in every 4G and 3G service around the globe, so six billion people use a little bit of Qualcomm's IP, whether they know about it or not -- and that's fundamentally what the company is.

In health care though, they've created a health care division called Qualcomm Life, and it's a service play. They've created a secure platform that makes it easy for companies large and small that want to put a medical device in a home, to collect information from that device in a secure way -- in a way that complies with federal and state law on what to do with health data -- and deliver it to a secure cloud-based location, from which the company, providers, doctors, patients can use it.

Qualcomm is enabling connected health.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2814900, ~/Articles/ArticleHandler.aspx, 11/20/2014 9:27:12 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement