June 9, 2022
Technology and homecare now go hand in hand. Since the advent of big data, cloud computing, and mobile technology, the sector has flourished. The Remote Patient Monitoring system (RPM) is one of the notable innovations in homecare & healthcare.
It refers to the use of digital technologies to track and capture patient health data and electronically transmit this information to homecare providers for assessment and, if necessary, recommendations and instructions.
In 2020, the global RPM market was valued at $745 million and is expected to grow to $1.7 billion by 2027. Globally, the home care sector reports an increasing prevalence of diseases like diabetes, cardiovascular disease, and respiratory disease due to the aging of the population.
The RPM experts predict both an increase in patient satisfaction and improved health outcomes for the population. By monitoring patients remotely, home care providers can stay on top of their patient’s health between visits and can be alerted if something changes that require immediate attention.
As reported in a 2022 survey, about 20% of US hospitals and homecare providers have adopted RPM technology, with 23% more planning to do so within the next year.
Drawing attention to these benefits and many others is one of the reasons why we have created this article about remote patient monitoring system and how it supports home care organizations
By improving clinical judgment and insight into patient status between clinic visits, RPM can benefit providers and help them to provide proactive care. By using RPM, the provider can understand how symptoms develop and change over time, enabling him or her to identify patterns or adjust the treatment plan accordingly.
It provides patients with condition-specific, simple, and easy-to-use tools to manage their condition. The conditions can include single or multiple chronic comorbidities, COVID-19 diagnoses, postsurgical rehabilitation, aging, etc
Data collection and analysis are automated with this technology and are uploaded to the database automatically. By using connected health devices for remote patient monitoring, homecare providers can access accurate patient data more quickly.
These include implantable devices, pulse oximeters, biometric sensors, glucometers, blood pressure, etc. Incorporating these can help accelerate diagnoses and facilitate changes to treatment plans in a timely manner.
Remote patient monitoring aims to improve health outcomes for individuals. This facility also benefits healthcare & homecare workers by increasing staff productivity and reducing costs.
From a financial perspective, too, remote patient monitoring means fewer hospitalizations, which benefits everyone involved from the patient, to the insurance payers, to the healthcare providers. The cost of virtual healthcare is less than the cost of a brick-and-mortar homecare.
As a result of improved workflow efficiency, increased staff productivity, and reduced administrative costs, RPM can lead to an increase in net patient revenue. Furthermore, it can qualify for reimbursement and provide competitive advantages.
In fact, the value of RPM goes beyond the patient. The technology can also benefit caregivers because they can have peace of mind that the patient’s symptoms are being continuously monitored by medical practitioners, lessening the burden on caregivers if something goes wrong. By accessing daily vitals, caregivers and providers can also improve care planning. They can continually adjust plans based on patients’ progress.
The technology also helps provide better quality services and higher quality of care. With daily monitoring, high-risk patients will need fewer hospital stays and will be able to address potential health issues before they become serious. In addition, avoiding hospitalizations reduces the chance of catching hospital-acquired illnesses.
There will be plenty of growth opportunities for home healthcare providers in the near future, as long as their resources aren’t overextended as they expand. The use of remote patient monitoring technology allows home healthcare organizations to scale more quickly by reducing infrastructure costs while simultaneously improving caregiver efficiency.
Although the caregivers you deploy may be highly skilled medical professionals, they may not necessarily be qualified to manage and maintain the connected devices and other technologies used by patients. In fact, remote patient monitoring systems include IT consultation and support, allowing your caregivers to focus on the patient itself.
Home healthcare workers provide 1-to-1 care to patients every day. Nevertheless, it is imperative that they have convenient access to other members of the patient’s medical network in order to provide the best possible care. Remote patient monitoring systems provide a centralized platform through which caregivers, other doctors, specialists, payers, etc., can communicate and act quickly.
With RPM, patients enjoy convenience, safety, and the comfort of being able to continue treating themselves at home. Patients can access high-quality care quickly, regardless of their location, health condition, or infection risk. In the last 10 years, RPM has become increasingly integrated into disease management strategies to improve homecare and healthcare decision-making and to deliver better overall patient care.
Providers and patients alike benefit from remote patient monitoring. If you’re interested in adding these capabilities to your practice, ZoftSolutions can help. Adding remote patient monitoring to your operations can bring a host of benefits that may improve your business in all areas. For more information on how our solutions may help you, click here.