The Value of Remote Patient Monitoring

Remote Patient Monitoring (RPM) is part of the greater Telehealth landscape that helps save time, money, and lives. Connected devices enable patients to maintain their health from the comfort of home, while care providers remotely monitor their health status.

Matt Weisensee, VP of Healthcare Sales at CRF Health, discusses the overarching values of RPM in this short video. 

FULL TRANSCRIPT

Remote patient monitoring is connected health. It is a combination of hardware, software, and services, allowing a patient in a remote location to self-administer biometric devices to collect and transmit their data to an alternate location, either to a clinic, physician, or a family or care— caregiver.

Many types of symptoms can be monitored remotely. There are various devices for each indication, including wireless glucometers for diabetics, there are EKGs for congestive heart failure patients, there are spirometers for COPD, there are many types of wearables.

One of the biggest advantages of using RPM is the ease of use. It’s the convenience for the patient. It eliminates long drive times, waiting in the lobbies of clinics and hospitals, and waiting rooms.

It also provides a greater level of efficiency for the care provider, where they can see more patients in a shorter period of time.

The current process for monitoring patients is to first analyze and stratify the risk, to identify out of a population who is most needy, who has a chronic illness, and which one can actually be measured and improved.

Well, we’re—we have the ability now to, in real time, measure every daily diagnosis by trending and tracking the biometric data from these wearables and connected health devices.

Remote patient monitoring can reduce healthcare delivery costs by creating efficiencies in the hospital. It can also reduce readmissions, as well as unnecessary admissions to the hospital using preventative care measures.

Remote patient monitoring is the infrastructure for value-based purchasing decisions. The trend in healthcare is to move from a fee-for-service model, which is the traditional method where you pay for what you’ve performed on the patient, to a value-based system where a set amount of money is allocated to keep a patient or a population healthy.

The remote patient monitoring program is best suited for value-based medicine, because it can be used to prevent chronic illness from occurring.

I see a bright future for remote patient monitoring. There’s gonna be significant advances, not only in the types of devices that are available, but the size and price.

It’s the future of healthcare. With the rising costs of healthcare, and the change from fee-for-service versus value-based medicine, it’s the logical choice.

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RPM 101: How Remote Patient Monitoring Saves Time, Money, and Lives
RPM 101: How Remote Patient Monitoring Saves Time, Money, and Lives

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