Study Finds 88% of Providers Investing in Remote Patient Monitoring Tech
Healthcare providers are making investments in Remote Patient Monitoring (RPM) solutions as they transition to value-based healthcare according to a study conducted by Spyglass Consulting Group. The study found that these solutions have been demonstrated to be clinically effective as an early symptom management tool when used in conjunction with a comprehensive disease management and care coordination program to automate the collection of patient vital signs and symptomatic data, and proactively identify if a patient’s condition is deteriorating or becoming life-threatening.
Spyglass surveyed 100 clinical informatics and health IT thought leaders and designed the survey to help gain an understanding of RPM from the viewpoint of the healthcare provider organization. Telephone interviews were conducted over a three-month period and Spyglass identified the market requirements for RPM solutions through discussions focused on:
- Impact and benefits for deploying RPM for supporting population health,
- Existing workflow inefficiencies in managing chronically ill patients, and
- Challenges for integrating RPM with existing clinical processes, infrastructure, and tools.
The study targeted software and hardware vendors, system integrators and management consulting groups as well as healthcare administrators, clinicians, and investment bankers.
The study found that 88 percent of providers have invested or are evaluating investments in RPM solutions. Healthcare provider investments in RPM solutions are being driven by factors including exploding healthcare costs, the aging baby boomer population, the increased prevalence of chronic disease, and chronic labor shortages, according to the study.
Not only are providers investing in RPM technologies, but they are also encouraging patients to proactively manage their health. The study found that 89 percent of providers surveyed had developed or were in the process of developing engagement strategies to encourage patients, family members, and caregivers to take a proactive role in managing their chronic conditions.
Healthcare providers in the orthopedic industry have already begun implementing RPM technology in the form of medical wearable devices. TracPatch Surface Sensor Technology is giving providers the ability to remotely track patient progress following total knee arthroplasty and create more individualized care plans while patients are more motivated than ever to reach their recovery goals. As many healthcare providers begin the shift to value-based care, remote patient monitoring technology will be an important tool to keep providers connected and patients motivated throughout recovery. For more information about TracPatch contact us today.
- Trends in Remote Patient Monitoring 2019. (2019, October). Retrieved from http://www.spyglass-consulting.com/wp_RPM_2019.html