‘We have to adapt and scale our solutions or the system will not be able to sustain the trends we see’
SAN JOSE, Calif. – Remote patient monitoring is increasingly being seen as a standard of care, especially as industry experts predict the number of adults age 65 and older to double by 2060.
Nersi Nazari, CEO of VitalConnect, provider of the VitalPatch wireless biosensor, shared his thoughts on what’s behind the rapid growth in remote patient monitoring.
HHTN:The remote patient monitoring market is growing fast—Researchandmarkets.com predicts it will grow to$31.326 billion by the end of 2023. What’s driving this growth?
NAZARI:As a result of increasing health care costs, an aging population and demonstrated improved patient outcomes with advanced remote monitoring technologies, health care providers are beginning to shift eligible patients toward home care programs, including remote patient monitoring.
HHTN:Some providers are still skeptical about the benefits of remote patient monitoring. What are the challenges to a wider adoption?
NAZARI:Part of the problem has been that quality care like that traditionally found in a hospital has not been technologically or economically possible outside hospital walls on any significant scale until now.
HHTN:Now that it is, what will health care delivery look like in five years?
NAZARI:Technology is changing incredibly fast for health care right now—there are so many new concepts and ideas to approach the age-old issues of health care. I think we will see the use of technology like artificial intelligence, machine learning, biosensors and early warnings scores used commonly in all aspects of health care. Ultimately, all of these technologies should contribute to a reduction in the burden of caring for large numbers of patients efficiently and effectively. We have to adapt and scale our solutions or the system will not be able to sustain the trends we see in chronic disease, aging patients and costs. I think we will see progress toward this in the next five years, but likely it will take longer than that to make broad significant changes.
HHTN:How are the recent changes announced by the Centers for Medicare & Medicaid Services to open a path for reimbursement for remote patient monitoring going to impact the industry?
NAZARI:The changes from CMS to unbundle care for remote patient monitoring will encourage care organizations to build programs with these technologies because they can now bill for the time it takes a caregiver to review data from patients.
HHTN:How are these technologies impacting home health care?
NAZARI:The technology is enabling at-home programs to grow to meet the rising demands of quality home care. Within home care environments, “admit-to-home” patients receiving remote and continuous monitoring have shown a reduction in readmissions and an overall decrease in cost of care as compared to a traditional hospital stay. Enabling patients to be admitted to their homes, rather than the hospital, has been shown to decrease health care costs while improving patient outcomes.