The Covid-19 pandemic has prompted the need to leverage digital solutions for remote patient monitoring (RPM). With the onset of the lockdown owing to the COVID-19 virus, an element of risk is predominant while visiting the doctor’s clinic. There’s a need for better detection and health monitoring tools, which could provide medical aid at home.
Although Remote patient monitoring services are not new, the pandemic brought a drastic rise in the demand for remote patient monitoring tools. The market for at-home devices is expected to rise two-fold in size over the next 5 years.
The global market is estimated to cross $1.8 billion for Remote patient monitoring devices by the year 2027, at a Compound Annual Growth Rate (CAGR) of 10.7% throughout, owing to the increasing demand for advanced technological systems. The need to follow social distancing guidelines, owing to the grave effects of the virus, has led the doctors and the patients to opt for remote patient monitoring software for medical checkups.
The U.S. Government Accountability Office defines RPM as, “Remote patient monitoring refers to a coordinated system that uses one or more home-based or mobile monitoring devices that transmit vital sign data or information on activities of daily living that are subsequently reviewed by a healthcare professional.”
Some telehealth methods require interactive video communication but there is no such compulsion in remote patient monitoring services. It requires technology and tools that record and export physiological patient data such as a Remote patient monitoring app. It not only helps in enhancing the effectiveness of medical care, but it also improves the healthcare features for both the patients and the healthcare workers.
Almost 88% of healthcare organizations are either already investing or devising a plan to invest in remote patient monitoring. Consumer Technology Association (CTA) states that 68% of healthcare organizations support patient monitoring solutions to enhance the future of the healthcare industry in the future.
The future of remote patient monitoring is really bright. Although patients may not opt for expensive clinical devices in their homes, the healthcare providers seek valuable solutions that enhance the healthcare industry in 2022 to drive improved patient outcomes, along with revenue growth.
The international market for multi-parameter patient monitoring is anticipated to cross $6.1 billion by 2027, owing to the frequency of life-risking diseases and the adoption of low-cost, real-time patient monitoring systems by healthcare professionals.
Remote patient monitoring devices in healthcare leverage digital technology to build communications between the patients and the caregiver. Patients themselves monitor their health data at specific intervals throughout the day. This data is then electronically transmitted to their clinicians or caregivers.
The medical professionals receive this data sitting in their homes, clinics, hospitals, or off-site monitoring centers. Looking at this data they assess the patient’s health and provide recommendations. By continuously monitoring the treatment prescribed, they can provide reassurance that ongoing treatment is appropriate or not.
RPM provides clinicians a mode to monitor the weight, blood pressure, blood sugar, blood oxygen, heart rate, and electrocardiograms from any place. Thus, they can collect data more consistently than ever. It is especially beneficial for patients with chronic diseases, heart ailments, pregnancies, and more. It proves to be a lifesaver in most cases.
A developing number of clinicians see the worth of remote patient monitoring devices and administrations. Thus, reception is growing. As per a VivaLNK review, 43% of clinicians trust RPM reception will be comparable to in-patient monitoring in five years. The advantages of remote patient monitoring for clinicians incorporate straightforward entry to patient information, the capacity to all the more likely oversee constant conditions, lower costs, and expanded efficiencies.
Remote patient monitoring (RPM) is an answer that can fill care holes for constant disease and medication treatment patients who can’t make in-facility visits. RPM empowers care suppliers to oversee and screen patients with numerous conditions remotely by means of virtual channels—telephone, email, video counsels, remote strategies for example assortment, compact medical gadgets, home health packs—while patients remain securely at home.
Patients can be given remote home medical gadgets, for example, a gauging scale or a circulatory strain screen and a cell phone or different gadgets for information assortment. The medical information or estimations are consequently shipped off the cell phone and sent to the emergency clinic’s information worker for investigation. These frameworks send alarms to the specialist and the patient if the estimations are out of ordinary reach.
On the off chance that a patient requires helpful medication monitoring (TDM) to follow the medication focus levels in their blood, the consideration group will require blood tests taken at explicit stretches. Remote blood assortment is currently conceivable with compact gadgets and in-home healthcare packs.
Specialists can deliver these out to patients, who would then be able to send their self-gathered examples through the mail straightforwardly to an assigned lab for testing. The lab results go into the patient’s medical records in the framework for access by the consideration supplier, who can circle back to the patient by means of telephone/video counsel to talk about any medication measurement changes.
As a matter of fact, since 2013, CMS has zeroed in on extending government clinical consideration reimbursement for organizations furnished to patients outside the course of action of a clinic or hospital.
Beginning in CY 2020, CMS has started paying physicians for remote consideration (RPM and CCM) for patients – any individual who has a condition of a single high-peril wellbeing-related emergency. It can move in the extent of diabetes or hypertension. This has been to counter the proposal of getting compensated only for different steady conditions.
Considering the immense difficulties related to going up against a worldwide health emergency, it’s nothing unexpected that 2020 is carrying new headways to the manner in which healthcare is conveyed in the United States.
One of the more significant improvements concerns remote patient monitoring (RPM). RPM has in fact been around since the mid-1970s, however, it’s been tossed into the spotlight during the pandemic and is encountering quick selection. That shocks no one thinking about the critical and boundless advantages of remote patient monitoring.
Routine blood glucose testing is a basic part of diabetes care. Specialists require diabetic patients to visit the center each 3-6 months, regularly to gauge their HbA1c. Diabetic patients can individually test their blood glucose consistently at home with a fingerstick strategy, test strips, and versatile glucose meters that store the glucose readings.
These day-by-day blood glucose readings are put away in the glucose meter, and the information can be imparted to the consideration group remotely or during follow-up center visits. Monitoring diabetic patients remotely empowers physicians to give more customized care since they can rapidly react to constant information.
RPM additionally urges patients with diabetes to be more mindful about their health, and the amount it is influenced by diet and exercise. For instance, patients can survey and comprehend post-supper readings, which can illuminate how they may have to alter their dinners to further develop their glucose levels.
RPM mechanical gadgets can be utilized to advance security. Dementia patients regularly experience falls. Specialists use RPM sensors or emphatic portability gadgets like walkers and sticks to screen the patient’s straight speed increase, step, precise speed, and numerical calculation to foresee the probability of falls. The gadgets are outfitted with the following abilities (GPS, wifi, or radiofrequency) to assist parental figures with finding lost seniors.
3. Heart Disease
RPM has demonstrated gainful in assisting patients with keeping up with heart health. Cardiologists presently utilize cutting-edge instruments like wearable heart screens connected to cell phones to more readily screen patients with constant heart conditions.
A 2015 report tracked down that over half of 110 million patient cooperations occurred through videoconferencing and cell phones, among other RPM gadgets. The gadgets outline the patient’s heart’s electrical movement when working, dozing, or working out. This information gives the specialist a more extensive standpoint of a patient’s health over the long run than the one-time consequences of an ECG-regulated facility.
Remote patient monitoring apps have likewise demonstrated fruitful among patients who experience issues imagining. An examination including a six-month remote monitoring program discovered patients had a similar pregnancy rate as those utilizing in-vitro preparation (IVF).
This examination showed that RPM can give huge expense reserve funds contrasted with in-center IVF programs. The examination portrays that remote monitoring items and administrations cost $800, while the normal expense of an IVF cycle is $15,000. That is a huge decrease in the expense of care for a similar result.
When utilized with virtual registration, RPM can supplant the inpatient visits that were recently needed to change and oversee treatment.
1. Allows remote transfer of data among patients and physicians
The primary advantage of a remote patient monitoring platform or homecare telehealth is that it permits a patient to utilize a portable medical gadget to perform routine tests and send test results to a specialist progressively without the need of visiting a medical organization. This benefit is vital for individuals with long-haul sicknesses, who need to speak with healthcare experts all the more regularly.
2. Makes healthcare more available
RPM permits specialists to connect with possible patients. While numerous individuals can’t bear going to facilities or, for specific reasons, can’t stand to visit a specialist, RPM will carry free conferences with a doctor right to their homes. This is the means by which medical foundations can acquire guests without congestion in offices.
3. Saves a huge sum of money
Patients can save extensively on account of RPM. With home telehealth, it’s not important to go to a center for medicine or get some information about test results. Plus, because of the diminishing number of pointless clinic visits, medical organizations become less swarmed and can quicker concede patients who need crisis help.
For example, experts from the Oxford University Institute of Biomedical Engineering fostered an application that permits patients to stay away from superfluous in-person visits. In the office where the framework was tried, the quantity of regular checkups has dropped by 25%.
Basically, the remote patient monitoring software is a way for specialists to intently screen a patient’s ongoing health conditions without requiring the patient to truly visit a training. To convey RPM, experts pick at least one gadget that their passing patients can use outside of the workplace to gather health information and afterward send that information safely back to the training for an assessment.
There are multiple benefits of remote patient monitoring (RPM) for both clinicians and patients.
In 2019, as many as 9 out of every 10 healthcare providers indicated that they have either invested in or are planning to invest in remote patient monitoring solutions. Let us look at some of the benefits of remote patient monitoring (RPM) for the patients in brief:
1. Patient-Centered Healthcare
Remote patient monitoring is patient-centered care wherein patients actively get involved in monitoring their medical treatment under the auspices of experienced health professionals. The physicians then analyze the data and provide health recommendations to the patients based on their conditions reflected in the data.
RPM generates better engagement of the patients. The boost in engagement increases the tendency of patients to take control of their health in their hands. Embracing remote patient monitoring services helps the patients to keep a check on their own health single-handedly.
2. Reducing Hospital Readmission Penalties
Over the years, studies on Remote patient monitoring have proved that it reduces costs and helps in improving overall health outcomes. It not only lowers the rate of hospitalizations by as much as 40% but also boosts the annual savings of $6,500 per patient.
3. Home-Based Care
Remote Patient Monitoring provides home-based care to the patients who need continuous health monitoring owing to their critical health condition. RPM has proved to be a lifesaver in the difficult times of the global pandemic.
4. Improve Patient Outcomes
The motive of remote patient monitoring is to improve individual health outcomes. Healthcare workers also benefit through this facility by higher staff productivity and reductions in the overall cost and much more.
5. The Clinical And Financial Impact
The Financial Times published a report on the benefits of remote patient monitoring that stated, if implemented on a large scale, RPM could save the United States billions of dollars per year. It is estimated to be around $6 billion yearly.
6. Mobile Remote Patient Monitoring
A mobile application interface collects data from smart sensors to transmit it to healthcare providers. The app provides information on submitted data, access to informative content, questionnaires, reminders, and doctor-patient interaction tools such as text, audio, video, etc.
Remote patient monitoring offers a way for healthcare providers to dispense efficient and effective care for patients while boosting revenue and reducing the cost of healthcare practice alongside. The results are better outcomes, good patient experience, and enhanced financial performance.