Remote Patient Monitoring Poised for Growth
CCCP was launched in 2006 and those changes are making it easier for providers to use remote monitoring programs. The use of smart phones and apps is opening new avenues of remote care and allowing providers and patients to launch simple programs based on texting or the use of healthcare apps.
"When we started out 10 years ago, we didn't have smart phones or tablet computers and they're certainly going to drive adoption," said Kvedar. "And the fact that so many healthcare providers are entering ACOs and other partnerships with a shared-risk arrangement should help drive growth as everyone tries to keep costs down."
According to a report from Partners HealthCare, the Connected Cardiac Care Program has generated $10.3 million in cost savings since it was introduced. It estimates the average cost for each patient participating in the program is $1,500 but the average cost-savings per patient is $9,655.
Cloud-based data and plastic strips
Another pilot program being conducted in California is attempting to reduce the rate of 30-day readmissions among high-risk patients. The program teams Oceanside, Calif. –based Tri-City Medical Center, medical supply firm Valued Relationships Inc. (VRI), and Qualcomm Inc., a San Diego technology firm best known for manufacturing chips for cell phones.
The pilot, launched in January 2013, is using a remote monitoring system developed by Qualcomm called 2Net and plastic strips developed by VRI. The strips are embedded with sensors that monitor patient vital signs including blood pressure, heart rate, and blood oxygen levels. That information is then relayed to the 2Net system.
- CEO Exchange: Preparing for Population Health
- Advocate, NorthShore Deal Would Create 16-Hospital System
- 3 Strategies for Retaining Millennial Employees
- Better HCAHPS Scores Protect Revenue
- Power of price: In South FL and the nation, healthcare costs often are shrouded in secrecy
- Hospital mergers may lead to higher prices
- CEO Exchange: Pressure is On to Partner, Drive Quality
- Narrow Networks Cut Costs, Not Quality, Economists Say
- Top Reason for Nurse Turnover: Managers