Trends in Remote Patient Monitoring 2015

Publication Date:           October 2015
Number of Pages:          81
Number of figures:         39
Report Price:                 $2,495 U.S. Dollars
                            
enterprise pricing available upon request

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Introduction  (download paper overview)


Trends in Remote Patient Monitoring 2015 (RPM) presents the
findings of an end-user market study focused on the current state of
remote patient monitoring adoption by healthcare provider organizations
across the United States.  The report uncovers strong opinions
regarding the market opportunities and challenges for deploying RPM
solutions to help risk-bearing organizations achieve the Triple AIM of
improving care quality and outcomes, controlling healthcare delivery
costs, and increasing patient satisfaction.

Trends in Remote Patient Monitoring 2015 is an outgrowth of a
similar study published by Spyglass in June 2013 entitled Trends in
Remote Patient Monitoring 2013.  Throughout this report, Spyglass
traces remote patient monitoring over the past few years identifying
important trends in the field.

The content for Trends in Remote Patient Monitoring 2015 was derived
from more than 100 in-depth interviews with healthcare organizations
involved in telehealth/telemedicine including multi-hospital delivery
systems, standalone community hospitals, ambulatory environments,
home health agencies, and government organizations.

Telephone interviews were conducted over a two-month period starting
in May 2015.  Interviews identified the needs and requirements for
remote patient monitoring.  Topics include potential impact and benefits
for deploying RPM for supporting population health, existing workflow
inefficiencies in managing chronically ill patients, and challenges for
integrating RPM with existing clinical processes, infrastructure and tools.

Spyglass also evaluated key vendor product offerings and identified
early adopter organizations that have successfully deployed these
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 chronically ill patients with
congestive heart failure, chronic obstructive pulmonary disease,
diabetes, hypertension and asthma.  These solutions have been
demonstrated to improve patient outcomes, reduce healthcare delivery
costs, 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, which include health maintenance organizations,
integrated delivery systems, home health agencies, hospices, disease
management companies and government agencies like the Veterans
Administration.  

Exploding US healthcare costs are being driven by an aging baby
boomer population and the prevalence of chronic disease.  More than
133 million Americans representing 45 percent of the US population
have at least one chronic disease.  Chronic diseases are responsible for
seven out of every 10 deaths in the U.S., killing more than 1.7 million
Americans every year.  Chronic diseases can be disabling and reduce a
person’s quality of life, especially if left undiagnosed or untreated.
Patients with chronic conditions account for approximately 83 percent of
the total US health spend.

Healthcare providers, with the passage of the Affordable Care Act, are
rapidly consolidating into larger integrated delivery networks and
transitioning toward various at-risk payment and care delivery models.  
Many are formulating strategies and deploying foundational processes,
infrastructure, and tools required to support population health
management programs.

Healthcare industry consolidation, migration toward at-risk payment and
care delivery models, and the rise of consumer driven health has
created an imperative for healthcare providers to consider large scale
RPM (remote patient monitoring) investments to monitor and manage
value-based risk associated with supporting large patient populations
with complex chronic conditions to help achieve the Triple AIM of
improving care quality and outcomes, controlling healthcare costs, and
increasing patient satisfaction.

ACOs evaluating RPM to support population health.  Eighty
percent of providers surveyed were Accountable Care Organizations
(ACOs) or in the process of evaluating different at-risk payment and
care delivery models.  Seventy-seven percent were evaluating RPM to
help manage value-based care risk associated with supporting large
chronically ill patient populations.  

ACOs making significant investments in mobile RPM solutions.  
Eighty-four percent of providers surveyed who had deployed RPM were
using mobile devices, primarily tablets to support chronically ill patients
recently discharged from the hospital.

ACOs expressing strong interest in patient BYOD and
wearables.
 About 50 percent of providers surveyed plan to evaluate
patient BYOD (Bring Your Own Device) options and wearable
technologies including Smart Watches and activity trackers are can be
used to support chronically ill patients

ACOs embracing analytics and Big Data to support population
health.
 Seventy-nine percent of providers surveyed are embracing
analytics and decision support tools to turn raw patient data into
actionable knowledge and insights to help manage and monitor value-
based risk associated with population health.  

ACOs struggling to integrate RPM with clinical infrastructure.  
Seventy percent of providers surveyed expressed concerns that RPM
solutions were not well integrated with existing clinical care processes,
infrastructure and tools
Spyglass Consulting Group
Market Intelligence for Competitive Advantage