[TAO] Recommended Article By Catherine S Britain: Remote patient monitoring to save $36B by 2018

[Catherine S Britain]

Hi TAO Listserv,
Your friend, Catherine S Britain, has recommended this article entitled
'Remote
 patient monitoring to save $36B by 2018' to you.

Here is his/her remarks:
Thought you might find this of interest.

Remote patient monitoring to save $36B by 2018
Posted By Jonah Comstock On July 17, 2013 (10:44 am) In Uncategorized

Remote patient monitoring will save the world's healthcare systems up to $36
billion
 by 2018, according to a new projection by Juniper Research. The firm says
North
 America will account for a little over three quarters of the savings, with
Western
 Europe making up the next biggest chunk.
Juniper predicts that a shift toward accountable care, especially in the
United
 States, will lead to wider adoption of remote cardiac monitoring and remote
monitoring
 for chronic diseases. The $36 billion figure is their most optimistic
projection.
 On the other hand, a recent survey by Spyglass Consulting found that more
than
 half of accountable care organizations were still unsure about the savings
inherent
 in remote patient monitoring.

"With accountable care the delivery of healthcare funding is linked more
directly
 to the health of the patient or individual, rather than being based upon
the
 cost of treatment," the firm writes in a whitepaper. "Even though remote
patient
 monitoring, particularly for chronic diseases, is still at a very early
stage
 in the development cycle, it fits well with new healthcare practices and
the
 goal of keeping patients out of hospital."

The report goes on to say that smartphones and connected devices will grow
more
 rapidly than dedicated, non-smartphone-connected mobile health devices. It
also
 suggests that the most powerful way to advance mobile health will be to
prove
 these cost-savings to healthcare funders.

Juniper also looked at the mobile fitness market, finding "robust
growth driven
 by a motivated user-base and coherent product offering from several
players,"
 according to a press release.

GBI Research predicted recently that the market for remote patient
monitoring
 in just the US would hit $296.5 million in 2019. Prior to that, research
firm
 Kalorama put the US market for advanced wireless monitoring systems at
$20.9
 billion by just 2016. Juniper predicted last year that by 2016, 3 million
patients
 would be monitored remotely over cellular networks.


Article taken from mobihealthnews - http://mobihealthnews.com
URL to article:
http://mobihealthnews.com/23880/remote-patient-monitoring-to-save-36b-by-2018/

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