Remote patient monitoring, or remote patient management (RPM), is a healthcare method that uses cutting-edge information technology to collect patient data outside of traditional healthcare institutions.
Remote patient management is about moving more healthcare away from traditional settings and into places where people live, work, and play daily. It’s also about using technology to bridge the gap between conventional physical healthcare settings and where individuals want to live every day.
Don’t be fooled by the emphasis on technology: The most effective remote patient monitoring solutions, such as Teksoft’ own Health Harmony platform, rely on today’s modern, consumer-friendly personal tech items rather than the previous generation’s chilly, alienating, wire-laden medical gear.
The Teksoft RPM platform, which closely mimics the smartphones and tablets so widely used by people all over the world today — and across all age groups, including seniors – actually uses technology to make patients feel comfortable with assisting in the management of their health.
This ease of mind naturally increases their participation; by increasing engagement, remote patient monitoring can improve care quality. Patients are not only incentivized to get more involved in their health because of the convenience of significant RPM.
RPM helps physicians manage their patient’s health problems by delivering a constant stream of data that provides a much clearer picture of the patient’s health.
What are remote patient monitoring devices?
Digital blood pressure monitors allow patients to share their health data with physicians seamlessly.
Continuous glucose monitors, which remind diabetic patients to take their insulin while letting their doctors monitor the disease, are typical examples of remote health monitoring equipment. Patients can wirelessly report their blood pressure and oxygen levels to clinicians using these digital blood pressure monitors.
According to Research and Markets, the Global RPM systems market is expected to be valued at more than $1.7 billion by 2027, representing a nearly 128% increase from the market’s current value.
Remote patient monitoring system – How do they work?
Unlike other telehealth delivery techniques, RPM services do not need interactive audio-video and virtual visits, nor do patients need to live in remote areas. They require physiologic data collection and interpretation technology. RPM services are reimbursed by Medicare in the same way as in-person clinical services, with no additional limitations regarding utilization or originating treatment site. Furthermore, RPM systems have enormous potential for creating savings by preventing unnecessary and costly health outcomes from developing.
According to Research and Markets, the global RPM systems market is expected to be valued at more than $1.7 billion by 2027, up approximately 128% from the $745.7 million opportunity it currently represents.
RPM market statistics and trends
According to Insider Intelligence, RPM tools will be used by 70.6 million US patients, or 26.2% of the population, by 2025.
Hospital readmission penalties are already being reduced by providers who use RPM-enabled home health monitoring systems and other telehealth delivery techniques. By providing patients with tablets and RPM equipment, the University of Pittsburgh Medical Center, for example, lowered the incidence of hospital readmissions by 76% while maintaining patient satisfaction levels above 90%.
Seniors are driving positive ROI from RPM technology and home-based care, owing to their high prevalence of chronic conditions. According to a KLAS Research survey of 25 healthcare companies, 38% of those conducting RPM programs focused on chronic care management reported lower admissions, while 17% claimed cost savings.
Teksoft is your ultimate software solution for medical billing and remote patient monitoring. For your healthcare.