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Telehealth has emerged as a viable and useful supply care mannequin, with distant affected person monitoring (RPM) as one of the crucial efficient types of digital care. Whereas not technically a brand new idea, RPM has been round since the 1960s. Since then, it has expanded and morphed into the helpful answer and repair it’s at this time whereas gaining acceptance from practitioners, sufferers, payers, and the federal authorities.
As a useful methodology for offering steady take care of sufferers all through the COVID-19 pandemic, remote patient monitoring was thrust into the highlight and helped practitioners forge efficient paths for supporting sufferers and managing power illness from a distance. On the similar time, RPM has generated favorable reimbursement and constant income, which has confirmed tremendously useful throughout these unprecedented instances and disruptions in affected person quantity.
Understanding the Worth of Distant Affected person Monitoring
Distant affected person monitoring is a type of digital know-how that enables healthcare suppliers to watch and electronically seize medical and different well being knowledge from sufferers for evaluation, suggestions, and directions. As a digital care know-how, this gathering of well being knowledge, which might embrace very important indicators resembling blood strain, weight, coronary heart fee, and blood sugar ranges, can happen wherever the affected person is located, excluding an in-person go to to a follow. So long as sufferers should not in a shared house with the healthcare supplier delivering RPM companies, they will obtain these companies. This implies a affected person may be of their dwelling, in an workplace, on trip, in a talented nursing facility, or every other location and profit from RPM.
Distant affected person monitoring is profitable for practices, being embraced by sufferers and payers, and more likely to play a rising position within the supply of healthcare going ahead — one thing the RPM, digital care, and telehealth stats, details, and figures supplied under reveal all too effectively.
Shopper/Affected person RPM Statistics
Greatest person of RPM
The upper prevalence of power illness coupled with a big aged inhabitants makes america the most important person of distant affected person monitoring on the earth, in response to Strategic Market Analysis.
(Supply: Strategic Market Analysis)
50 million customers
A Harvard Well being Letter article states that just about 50 million folks in america at present use distant affected person monitoring gadgets.
(Supply: Harvard Well being Letter)
4 in 5 customers
In keeping with an MSI Worldwide survey, 80% of Individuals are in favor of utilizing distant affected person monitoring, and almost one-half are very favorable in the direction of incorporating it into medical care.
(Supply: MSI Worldwide)
65%–70%
In keeping with the MSI survey of ~300 customers, between 65% and 70% mentioned they might be keen to take part in a distant affected person monitoring program with their care suppliers to watch blood strain, coronary heart fee, blood sugar and blood oxygen ranges.
(Supply: MSI Worldwide)
Prime 5 distant affected person monitoring shopper profit rankings
The survey requested American sufferers to rank the advantages of distant affected person monitoring that they valued probably the most. The outcomes had been as follows:
- Comfort – 43%
- Effectivity – 39%
- Management over private well being – 37%
- Better accuracy – 36%
- Peace of thoughts – 36%
(Supply: MSI Worldwide)
76% hospital readmission discount
Distant affected person monitoring is decreasing the chance of hospital readmissions. In keeping with the College of Pittsburgh Medical Heart, RPM helped to cut back its readmission fee by 76%.
(Supply: Enterprise Insider)
90% affected person satisfaction fee
College of Pittsburgh Medical Heart additionally reported their affected person satisfaction scores rose to over 90% as a result of they outfitted sufferers with distant affected person monitoring tools and tablets.
(Supply: Enterprise Insider)
Practically 50%
Whereas blood strain monitoring gadgets are used predominantly by older populations, 46% of millennials additionally use them.
(Supply: BlueCross BlueShield)
Doctor/Observe RPM Statistics
20% of huge healthcare services
20% of huge healthcare services surveyed mentioned they’ve already adopted some type of RPM answer for his or her group.
(Supply: HealthTech Insider)
19%-41%
Throughout 25 surveyed organizations, admissions for power care issues had been diminished between 19% % and 41% due to RPM.
(Supply: Strategic Market Analysis)
75% of medical doctors
All through each city and rural areas, 75% of medical doctors have adopted some sort of distant affected person monitoring to handle power well being situations.
(Supply: Strategic Market Analysis)
65% of medical doctors
65% of medical doctors make the most of distant affected person monitoring know-how for its medical administration capabilities and 60% adopted distant affected person monitoring for simpler care coordination.
(Supply: Strategic Market Analysis)
1,300%
An information evaluation discovered that RPM declare quantity elevated by 1,294% from January 2019 to November 2022. Inner drugs physicians used RPM probably the most, with about 29% of their process claims associated to RPM. Cardiology suppliers had the second-highest share of RPM process claims at about 21%. Coming in third had been household follow physicians at about 19%.
(Supply: Definitive Healthcare)
RPM Protection and Reimbursement Statistics
34 states
As of September 2023, 34 states had adopted Medicaid protection for distant affected person monitoring.
(Supply: Center for Connected Health Policy)
$1,000+ per yr
By delivering 20 minutes of distant affected person monitoring monthly, every Medicare beneficiary can generate reimbursement of greater than $1,000 over a 12-month interval.
(Supply: Prevounce)
Future RPM Statistics and Developments
128% improve
By the yr 2027 the distant affected person monitoring techniques market is projected to extend by 128% over the present market.
(Supply: Insider Intelligence)
71 Million Individuals
By yr 2025, greater than 26% — or round 71 million Individuals — will likely be using some sort of distant affected person monitoring service.
(Supply: Strategic Market Analysis)
115 Million International Customers
By 2027, the entire variety of sufferers utilizing RPM options is anticipated to achieve 115.5 million globally.
(Supply: Juniper Analysis)
80-90%
The top of 1 know-how consulting agency estimates that this many outpatient visits may ultimately change into “virtualized” in a roundabout way.
(Supply: Healthcare IT Information)
$250 billion to digital care fashions
One estimate is that $250 billion in healthcare spending may shift to digital care fashions.
(Supply: McKinsey)
$42 billion
The worldwide worth of the distant affected person monitoring market is poised to achieve about $42 billion by 2028.
(Supply: MarketsandMarkets Analysis)
$14 billion
The worldwide worth of the distant affected person monitoring market is estimated to be value $14 billion in 2023.
(Supply: MarketsandMarkets Analysis)
20% CAGR
The worldwide distant affected person monitoring market is projected to develop at an compound annual progress fee of about 20% from 2023 to 2028.
(Supply: MarketsandMarkets Analysis)
References:
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