Tech is evolving — it’s not only evolving, but it’s also moving at such a rapid pace that its evolution can’t be properly quantified let alone predicted. The innovative power of tech is transforming most industries, sectors, and markets. Healthcare, right now, is reaping the rewards of all this paradigm-shifting momentum. Tech like the one used in home patient monitoring systems and remote patient monitoring solutions, for one, is redefining what healthcare can be. What it can aspire to. This is fantastic news. It’s a whole new drive that will catapult the industry into a whole different direction — lowering costs, giving better patient care, and even helping eradicate certain diseases. Let’s take a look at 6 ways tech is transforming the healthcare industry, particularly, home patient monitoring systems.
How do new technologies transform healthcare?
In recent years, there has been a demand for home patient monitoring solutions, and of course, this is due to some trends that are continuing to grow at an astonishing rate. Trends like AI, Robot-assisted surgery, virtual healthcare, virtual reality, wearable tech, 3D printing, genomics, etc. The truth is that smart tech is filling the industry and propelling it into new horizons — horizons where issues of the past are no longer a concern.
Today, tech is proving to be an essential tool in most healthcare facilities. Tech, mostly galvanized by some of today’s biggest players – Apple, Samsung, Google, etc – along with newcomers and startups, is predicted to transform the healthcare business and its facilities. Lowering costs, lowering admission rates, and bettering care. To put it into perspective, today, tech is changing healthcare the same way Alexander Fleming did it at the turn of the 20th century when he discovered penicillin. Or when Marie Curie created the X-Ray machine.
6 Trends that drive demand for home patient monitoring systems
Why is RPM in such high demand right now — why are companies so invested in it? Not only start-ups and the biggest names in tech but clinics, insurance companies, and even Federal entities? It has to do with what RPM can offer them. Let’s take a look.
With Remote patient monitoring solutions, the healthcare industry can have better and more precise metrics on, well, its demographic. Not just its demographics and consumers, but the totality of consumers. Not just those that use their services. This means that they can create better policies, engage patients more actively, and get better metrics on what they need to change. For example, the Federal Government, with Big Data, collected by RPM can change policies and regulations regarding healthcare.
Chronic diseases are at an all-time high. And why is that? Because they were always at this rate, we simply didn’t have the tech diagnose them properly. Today, in-home patient monitoring systems are not only helping with diagnosing chronic diseases, and engaging outliers that couldn’t access medical aid, but are also helping people manage their diseases. Helping them out, while also taking some of the burdens off brick-and-mortar institutions.
Quality of care, not quantity
Today, RPM can focus on individual patients — giving them a better-personalized quality of care. It’s less about quantity and more about what that unique biology requires. That’s one of its biggest advantages. Remote patient care solutions, with the help of AI and software, can create better bio-profiles of each patient, allowing physicians to give them targeted solutions to their issues.
Impact of the COVID-19 pandemic
COVID changed the mindset. It redefined what healthcare could be and disrupted its traditional methodology. It showed service providers and consumers that tech if fully embraced, could make their lives simpler. RPM was not only effective and efficient but more affordable.
The trend is called IoT – The Internet of Things. Basically, everything today has a WiFi or 5G connection. Toasters and blenders have WiFi. Thanks to this, RPM has expanded into cell phones, watches, tablets, thermostats, beds, etc.
Global remote patient monitoring market growth
The global market demands better solutions to their healthcare woes — remote patient monitoring systems are such solutions. It cuts costs, allows physicians to expand their care and practices into the virtual, and due to the rise of communication services it incorporates outliers that couldn’t afford healthcare or lived in regions such services were unavailable.
The future of home patient monitoring solutions
One of the biggest subsections, where innovations and tech are having a huge impact in healthcare and remote patient monitoring solutions. It’s one of the most exciting and promising fields being exploited today. RPM has been around for ages, but its pace has always been chained to the technological advances of the day. It can only move or evolve as fast as tech permits it. When the biggest piece of tech was the radio, RPM was limited to its range and infrastructure. When the internet crashed onto the scene, RPM adapted its methodology to its model. And so forth. Today, innovations are being patented far faster than before. Every day there’s something new. And, like before, remote patient monitoring solutions are linked to that pace. When tech runs, it runs. When it crawls it crawls. Right now, RPM is moving at lightning speed.