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US healthcare systems and hospitals are increasingly turning to remote patient monitoring to improve patient outcomes and reduce hospitalization costs. These tools consist of mobile technologies that extend caregivers-patients beyond the traditional clinical setting, monitor chronic conditions and help consumers track their symptoms.
RPM is a growing market that already proves its value. A recent report from KLAS Research found that 38% of health care organizations report that their MMP program has reduced the number of admissions, while 25% cited improved patient satisfaction and 25% reported cost reductions since the implementation of an RPM program.
And given the aging of the population and the labor shortage that forces providers and payers to outsource treatment outside the hospital, the market is expected to reach nearly $ 16 billion. by 2023, according to Research and Markets.
Here's how eight medical device providers are developing their offerings to seize the growing opportunity of RPM.
Dexcom
Based in San Diego, Dexcom offers continuous glucose monitoring (CGM) products and the CLARITY software platform to help diabetic patients keep track of their glucose levels. Its CGM systems send real-time blood glucose measurements to compatible smart devices every five minutes to inform patients, their doctors and their loved ones of their blood glucose levels.
The company also collaborates with the Life Sciences Unit of Alphabet. In truth, its existing technologies make it possible to market new RPM products. They are currently working on smaller, less intrusive, implantable diabetes sensors that use Bluetooth to transmit health data to a surveillance device or smartphone.
Learn more about Dexcom.
Senseonics
Like Dexcom, Senseonics, a medical technology company based in Maryland, is a CGM manufacturer for diabetic patients. Its main products include an implantable sensor, a removable and rechargeable smart transmitter and a smartphone app to monitor and manage diabetes in real time.
According to mHealthIntelligence, Senseonics has received the US Food and Drug Administration's first ever approval for a monitoring system using an implantable sensor to monitor blood glucose levels. He presents his flagship product Eversense as "the first and only CGM with an implantable sensor lasting up to 90 days".
Learn more about Senseonics.
AT & T
US telecommunications giant AT & T has expanded its mobile health portfolio (mHealth), which includes a number of patents and partnerships to enhance MLP offerings, for much of the past decade.
More recently, the operator has partnered with OneLife Technologies Corp., a data collection and mobile health software company, to connect the first certified medical notebook for its LTE-M low-power network.
Designed as a complete solution for affordable telehealth and remote patient monitoring, the OnePulse smartwatch delivers user health data to the cloud, where clinicians, patients and caregivers can monitor users' status in real time . It also connects other medical devices, such as blood pressure cuffs, blood glucose monitors and weight scales via Bluetooth.
Learn more about the AT & T. OnePulse Smartwatch.
Medtronic
Medtronic Healthcare Management Services (MCMS) offers a full range of devices connected to patient platforms to monitor biometrics, vital signs and symptom information submitted by patients. Its connected devices include weight scales, glucose meters, blood pressure monitors and pulse oximeters.
Information from MCMS RPM platforms is accessible through its web-based interactive health system and NetResponse applications, which integrates with smartphones, tablets or personal computers to encourage patients to play a role active in their health. Patients can log in at any time, answer a series of questions and submit their data to a health care provider for review and recommendation.
Learn more about Medtronic's RPM platforms.
Honeywell Life Sciences
At the end of 2018, Honeywell officially gave way to Resideo, a publicly traded subsidiary that aims to make people feel "safe, comfortable and cared for at home". Resideo's connected solutions include health care-focused offerings from Life Care Solutions.
Resideo offers a range of RPM devices for the collection of vital signs and the management of disease-specific speech symptoms for patients with chronic diseases such as hypertension, COPD, and CHF. and diabetes. The devices integrate with Resideo's LifeStream Management Suite, monitoring and badytics software for healthcare providers, to track patients' health status in real time and streamline delivery. care.
Learn more about Honeywell Life Sciences RPM solutions.
Philips Healthcare
Philips RPM tools, including its eCareCoordinator Clinical Dashboard and eCareCompanion Patient Application, are designed to help hospital 'frequent flyers' improve their quality of life and reduce costs by improving personal care, by improving restoring stability and reducing readmissions after 30 days.
At the end of 2017, Philips Healthcare finalized an agreement with VitalHealth, a Dutch telehealth company specializing in public health technologies, to strengthen its RPM offering for chronically ill people, including people with diabetes, COPD, congestive heart failure, cancer, Alzheimer's disease and depression. .
Learn more about Philips Healthcare's RPM solutions.
ResMed
ResMed, a San Diego-based company specializing in medical equipment, is a leader in cloud-connected devices for the management of sleep apnea, asthma, and respiratory disorders. He has created a joint venture with Verily that focuses on sleep monitoring, which could provide health systems and insurers with real-time information on dormant patient data.
ResMed has also made a recent step forward in digital therapies to strengthen its health-related activities. The company has purchased $ 225 million, the digital therapy start-up Propeller Health, to provide a connected health solution for people living with chronic obstructive pulmonary disease (COPD).
Learn more about ResMed.
VRI
VRI, a company based in Ohio, is a medical alert systems company that helps seniors live safely, comfortably and independently. Its range of offers includes the VRI Connect medical alert system, the VRI Mobilecare mobile medical alert system, VRI Medconnect mobile medication monitoring and VRI Careconnect vital monitoring.
Together, these solutions allow physicians to monitor daily the vital functions of patients with chronic conditions such as diabetes, congestive heart failure, hypertension, COPD and asthma. Similarly, they enable older people to take control of their health by keeping up to date on prescription regimens and receiving 24/7 support from trained health care representatives.
Learn more about VRI's RPM solutions.
More to learn
RPM devices are becoming smarter and more affordable, giving device manufacturers who have traditionally targeted hospitals and clinics new potential revenue streams as they begin to offer their services to consumers.
The digital health ecosystem A report from Business Insider Intelligence explains how medical device manufacturers are turning to digital technology – including RPM – to navigate the scale-up of the marketplace with a focus on disease prevention instead. than on "sickness care".
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