Over 200 million people in the USA and EU suffer from one or more chronic diseases like cardiac arrhythmia, hypertension, ischemic diseases, sleep apnea, diabetes, hyperlipidemia, asthma and chronic obstructive pulmonary disease (COPD). These conditions cause substantial costs, reducing both life expectancy and quality of life. According to Information Week, 120 million people visit hospital emergency rooms, and 35 million are admitted to hospitals each year. The current economy has caused budget cuts and staff shortages, leading to an increased amount of patients and consequently, higher healthcare costs.
Today, healthcare is all about reducing the overuse and misuse of healthcare services, which in turn minimizes costs. Remote patient monitoring (RPM) has assisted in making this possible. RPM is a technology used to monitor patients health remotely, when they are not in their physicians immediate care. By passively or actively collecting data from patients wherever they are, providers can realize benefits, from reduced readmissions to shortened hospital stays and improved clinical outcomes. RPM helps lower costs and improves chronically ill patients quality of life without the necessity of institutionalization.
The following statistics show the impact RPM has, and will continue to have, on the healthcare industry:
1.Via the United Kingdoms Department of Health, correctly using telehealth, or remote monitoring technology, can reduce the risk of patient mortality by up to 45%, as well as reduce emergency admissions by 20%.
2.According to MobiHealthNews, the U.S. market for mobile patient monitoring systems is estimated to reach $20.9 billion by 2016.
3.Studies show that 3 million patients worldwide are connected to some form of remote patient monitoring. That number is estimated to top 19 million in 2018.
4.Beckers Hospital Review reported that Sentara Healthcare reduced hospital readmissions to 2% with remote monitoring, compared to 15% for the hospital at large.
5.According to EHR Intelligence, Partners HealthCare used telehealth to aid a group of 1,256 cardiac patients. Following the program, they saw a 51% reduction in hospital readmissions related to heart failure, and a total savings of $10.3 million.
6.ExecutiveInsight recently revealed that a Texas RPM pilot program reduced average cost of patient care from $12,937 prior to the program to just $1,231 after participation in the program.
7.According to FierceHealthIT, over 70% of survey respondents are receptive to using remote health monitoring devices such as toilet sensors, prescription bottle sensors or swallowed monitors to collect personal health data.
8.LeadingAge revealed results from a study focusing on telehealths impact, which concluded that RPM has the potential to prevent between 460,000 and 627,000 heart failure-related hospital readmissions each year.
9.Via the American Heart Association, remote monitoring reduces emergency department/urgent in-office visits and, in general, total healthcare use in patients with ICD or defibrillators for resynchronization therapy.
10.According to FierceHealthIT, a study conducted by the National Institutes of Health, Flagstaff Medical Center, Northern Arizona Healthcare and University of California, Merced focused on the efficacy of RPM on 50 patients admitted to Flagstaff Medical Center. RPM led to a 72% drop in average total charges from $129,480 to $36,914.
The United States, along with other countries around the world, is embracing remote patient monitoring technology. With advances in non-invasive sensor technologies, growth in availability and adoption of cellular connectivity and the falling costs of embedded communications devices, it will continue to gain further adoption and become a critical component of the new healthcare models, including those around accountable care, among others. It will lower healthcare costs, emergency room visits and hospital readmissions, therefore improving the quality of healthcare services and outcomes in the industry.
Is your organization looking for an RPM solution? Partner with Aeris Communications and utilize our cellular connectivity solutions to offer the best services to your patients across the world schedule your free consultation today!