The healthcare market is rapidly evolving – healthcare costs continue to rise, aging populations continue to grow and chronic conditions have become increasingly prevalent. One thing remains constant – the need for innovative solutions to keep people aging in place.
For hospitals and health systems, this can be challenging – as they are tasked with providing complex care with limited resources, while reducing routine costs simultaneously. For this reason, and remote patient monitoring (RPM) or “telehealth” has already become a top information technology priority for many hospitals and health systems.
At Clear Arch Health, we transform the delivery of remote care. Utilized by professionals across the healthcare continuum, our end-to-end connected care solutions help to provision health services to improve overall health while reducing costs, improving outcomes and increasing patient satisfaction.
Through our single, comprehensive remote patient monitoring (RPM) platform, healthcare professionals can create customized monitoring plans to drive stronger adherence, deliver personalized care and strengthen a patient’s support system.
With RPM, hospitals and health systems can:
-Obtain and provide personal data collection
-Identify high-risk patients (fall prevention, adherence)
-Provide preventive care, chronic health and acute care management
-Improve patient outcomes with higher patient engagement
-Reduce hospital admissions and costs
-Improve care coordination and provider workflow for operational success
There is a need to enhance the traditional model care.
Currently, 80 percent of individuals 65+ have at least one chronic condition; 77 percent have at least two. With the 65+ population projected to almost double to 98 million in 2060, health care organizations are rethinking the way in which they deliver care and the costs associated with it.1
In fact, the cost to treat chronic conditions alone is 3.5 times higher than that of other conditions and accounts for 80% of all hospital admissions.2
The cost of not delivering connected care is high.
Over the next 25 years, remote patient monitoring (RPM) is expected to save $200B in healthcare costs globally.3
Cost savings from RPM alone would mean reduced hospital readmissions, in-person visits, penalties and fees, emergency department visits and other clinician visits – a huge cost savings for hospitals and health systems. And, improved quality of life for patients as well as their caregivers.
The cost of not participating could mean higher risk of death for patients with chronic care conditions, larger incurred costs for both the patient and the health organization – not only at the time of incident and intervention – but over the lifespan of the patient.