Top Remote Patient Monitoring Trends 2020

TOP REMOTE PATIENT MONITORING TRENDS 2020

• Remote Patient Monitoring Trends 1- The healthcare industry is inclining to value-based and patient-centric care :

The healthcare industry is moving to value-based care with the increased focus on shifting from financial incentives to a healthcare model where providers are rewarded based on how their patients fare rather than by the number of visits or procedures performed. For example; around 85% of health systems and hospitals have invested or planning to invest in remote patient monitoring technology to maintenance their organizational transitions to value-based care. Remote patient monitoring (RPM) technology can significantly contribute to the success of value-based care. It includes the remote collection of patient data such as via Bluetooth enabled glucose meters or blood pressure monitors that are connected to an app, which transmits the medical data to healthcare professionals. Remote patient monitoring transitions to value based care is dramatically increasing by supporting high risk chronically ill patients who are at a risk for hospital admission. With more than 132 million Americans representing 45 % of the US population have at least 1 chronic disease and these chronic diseases kill over 1.7 million Americans every year.

• Remote Patient Monitoring Trends 2- Healthcare Big Data:

Big data is already posing a positive impact on the healthcare industry in the fields of oncology, neurology, cardiology, and other specialties with more personalized therapies with diagnostic tools. Patient specific data is increasingly available via new generation of devices and applications that collect important data through wearable devices and smartphones. Big data enables healthcare professionals to accumulate and analyze large volume of new data that will open up new extents for research and treatment opportunities. Again, remote monitoring systems can help collect this information and play a key role in advancing analysis of this healthcare associated Big Data.

• Remote Patient Monitoring Trends 3- Internet of Things (IoT) for remote monitoring:

IoT will enable patients and healthcare providers to work together for more effective chronic disease management with open communication. By combining IoT features into medical devices, it can improve the quality and effectiveness of healthcare bringing high value care for the elderly patients who are suffering from chronic conditions and those requiring constant supervision. In recent years, there is a growing popularity in IoT driven healthcare services and wearable medical devices that integrate sensors, actuators and other mobile communications methods allowing patient data to be continuously monitored and transmitted through cloud based platforms. These devices can send immediate alert doctors and nurses of important changes in case of medical emergency.

• Remote Patient Monitoring Trends 4- Wearable medical technology advances:

With the advancements in wireless technology wearable devices can be used to remotely monitor a patient's physiological factors. During a coronavirus pandemic, remote monitoring medical devices have become the most vital component of healthcare. Wearable devices and sensors deliver a better potential in the collection of data and insights to improve overall therapy. It also enables the collection of objective measures of intervention effects both in clinic and in remote free clinical settings. Pharmaceutical companies can improve clinical trials and drug discovery through remote patient monitoring (RPM) by incorporating patient data with the wearable devices. Moreover, many of today’s RPM devices integrated in a comfortable wearable patch format and include medical sensors and algorithms to enhance the accuracy and availability of data for clinical use.