Trends in Remote Patient Monitoring

Publication Date:           April 2006
Number of Pages:          68
Number of figures:         27
Report Price:                 $2,295 U.S. Dollars
        
enterprise pricing available upon request

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Introduction  (download paper overview)

Trends in Remote Patient Monitoring (RPM) presents the findings of
an end-user market study focused on the current state of remote patient
monitoring adoption by
healthcare organizations across the United
States.
 The report uncovers strong opinions regarding the market
opportunities and challenges for deploying RPM solutions to reduce
health care delivery costs, improve patient outcomes and increase
patient access to care.

The content for
Trends in Remote Patient Monitoring was derived
from over 100 in-depth interviews with healthcare organizations involved
in telehealth/telemedicine including
home health agencies, academic
medical centers, regional hospitals, government agencies and
disease management companies.

The telephone interviews were conducted over a 4-month period starting
in November 2005. The purpose of the interviews was to identify the
needs and requirements for remote patient monitoring through
discussions about
  •  Existing workflow inefficiencies in managing chronically ill patients
  •   Current telehealth/telemedicine initiatives
  •   Impact for deploying remote patient monitoring in the future

Spyglass also evaluated key vendor product offerings and identified
early adopter organizations that have successfully deployed remote
patient monitoring solutions.


Target Audience

  • Software and hardware vendors, systems integrators and
    management consulting groups who are selling hardware,
    applications and services into the healthcare industry
  • Healthcare administrators and IT executives who are making
    strategic decision to fund clinical information technology solutions
  • Clinicians who are involved in informatics and clinical system
    evaluation and selection
  • Investment bankers and private equity investors


Abstract

Remote Patient Monitoring (RPM) solutions enable healthcare
organizations to remotely monitor and manage patients with chronic
diseases such as congestive heart failure, diabetes, chronic obstructive
pulmonary disease and asthma.  With RPM, healthcare organizations
can reduce healthcare delivery costs, improve patient outcomes, and
increase access to care for patients living in rural/remote areas.

Early adopters of RPM solutions are capitated managed care
organizations that have fiscal responsibility for their patients across the
spectrum of care.  These organizations include HMOs, integrated
delivery systems, home health agencies, hospices, disease management
companies and government agencies like the Department of Veteran’s
Affairs.  

Healthcare organizations are investing RPM today.  Healthcare
organizations are making limited, focused in investments in RPM
solutions to better understand the clinical and financial efficacy of these
solutions.  

Video conferencing is not required for RPM.  Healthcare
organizations believe two-way video conferencing is an oversold
capability that is not required for remote patient monitoring.  

RPM solutions are still immature.  Healthcare organizations find RPM
solutions need to be less expensive, easier to use and better integrated
with existing support infrastructure.

Healthcare industry is not ready for RPM due to limited payer
reimbursement, restrictive licensure laws, concerns about clinician
adoption and a questionable ROI.   
Spyglass Consulting Group
Market Intelligence for Competitive Advantage