Parks Associates https://www.parksassociates.com hosted the virtual Connected Health Summit: Consumer Engagement and Innovation session “New Era of Emergency Response and Remote Patient Monitoring” on August 30, 2022 with Elizabeth Parks, President of Parks Associates, as moderator.
Jennifer Kent, VP, Research, Parks Associates highlighted the fact that today 55% of U.S internet households report using telehealth which is down from 64% in 2021 according to the Parks Associates’ Telehealth & Remote Patient Monitoring: User Experience Study. Although the figure for the use of telehealth went down this year, telehealth is still very much a growth industry.
The Remote Patient Monitoring: Solving Health Issues in Real Time panel discussion, highlighted shifts in the regulatory and reimbursement landscape that have made it possible for rapid telehealth deployments including the use of health devices.
Panelist Dr. Waqaas Al-Siddiq, CEO Biotricity, reports the company is focused on cardiac disease challenges and has developed comprehensive remote health monitoring solutions for the medical and consumer markets.
The company is quickly becoming a leader for providing cost effective early detection solutions and remote health monitoring solutions for the medical and consumer markets. By working with remote monitoring. Dr. Waqaas reports that Remote Patient Monitoring (RPM) can extend life by 6.85 years.
According to Dr. Al-Siddiq, “Telehealth and RPM by coming together are now able to develop and use devices that can transfer information back and forth between doctors but at the same time, is required to be accurate. In order to achieve accuracy with the use of connected health and RPM, both must be aligned with reimbursement and a business model.”
Panelist Amar Kendale, President of Homeward, reports that 61% of primary care health professional shortage areas are rural, 23% of rural areas have a 23% higher mortality rate versus urban areas, and >40% of rural hospitals are at higher risk of closure.
He reports that rural healthcare is broken and producing poor outcomes. He also said, “Healthcare in rural areas will make enormous progress using RPM effectively by improving the use of the right monitoring technology and then enable rural residents to get care nearby by using mobile clinics. Recently, Homeward announced their first value-based care partnership with Priority Health is to deliver care to Medicare Advantage members in rural Michigan.
Dan McCaffrey, VP, Digital Health and Software at Omron Healthcare, agrees that the state of the market for RPM is expected to experience enormous growth. He sees how the accuracy available to doctors via innovative remote devices is on the upswing. He foresees that in the next few years, not only traditional models but also new innovative models are expected to experience growth and integrate into the lives of doctors and patients.
Brock Winzeler, President, Freeus, Becklar Workforce Safety, and Becklar Connected Wellness, reports that Becklar’s flexible platform of services is supported by devices, AI-powered engagement solutions, and advanced monitoring capabilities that can be easily customized to study varied use cases for diverse industries.
His company addresses the needs of the senior population and as a result installs challenging devices that can be used to meet the needs of the senior population. It is also now possible to obtain information on how seniors are feeling and which makes it possible to achieve better outcomes and obtain a holistic view of the patient.
Brock Winzeler sees the integration of different devices as the next step. He sees small cellular devices having the ability to gather good data remotely in order to successfully assess the health of the user. Finally in summary, he sees the healthcare systems driven more and more by new and innovative technologies in the future.