Benefits of the growing remote patient monitoring market

remote patient monitoring systems

Remote Patient Monitoring (RPM) is a healthcare delivery system that is driven by technology in order to monitor patient’s health, outside the traditional clinical setting. Remote health monitoring systems are affordable and smarter.

Device manufacturers traditionally targeting hospitals and clinics are now presented with new potential revenue channels as they begin offering their services to consumers. These observations have been revealed in the research report from Business Insider Intelligence.

Today, US health systems and hospitals are moving towards improved health care outcomes and reduced costs. One of the tools they use to achieve this aim is Remote Patient Monitoring (RPM) technology. This type of patient care extends the reach of physicians, enables the relationship between patients and caregivers. It also offers providers continuous real time health data.

RPM is a specific technology used to electronically transmit information between patients and physicians. Common patient remote monitoring devices are voice apps that remind diabetes patients to take insulin, while allowing doctors to monitor the disease, digital blood pressure cuffs that lets patients to remotely send physicians their blood pressure and pulse.

Providers using RPM – enabled home healthcare and other telehealth delivery methods are reducing hospital readmission penalties. The University of Pittsburgh Medical Center, reduced the risk of hospital re-admissions by 76% and held patient satisfaction score over 90% by equipping patients with tablets and RMP equipment.

Seniors are driving positive ROI from RPM technology and home-based care largely due to the cohort's high incidence of multiple chronic diseases.

A KLAS Research report surveying 25 healthcare organizations found 38% of healthcare organizations running RPM programs focused on chronic disease reported reduced re-admissions and 17% reported cost reductions.

The future trend in RPM is miniaturization. Device makers are making solutions smaller and less invasive as they partner with new players to expand their market share.