‘As technology paves the way toward remote care, we will be able to consume a large chunk of health services on-the-go’
REDWOOD CITY, Calif. – Waqaas Al-Siddiq is CEO and founder of Biotricity, a medical technology company focused on remote patient monitoring for chronic illnesses. His company is riding the wave of a market boom that, some experts say, could reach $1.9 billion by 2025.
HHTN: What does the rapid growth in the remote patient monitoring device market tell us about the impact of technology on the way home health care is being delivered?
AL-SIDDIQ: It illuminates the future trajectory of health care. As more and more remote solutions become available, we will see diagnoses and ongoing care delivery become integrated within a home delivery package, with the focus on driving costs down by remote delivery and improving quality by bringing data and long – term insight into the patient’s condition. As technology paves the way toward remote care, we will be able to consume a large chunk of health services at work, at home or on-the-go.
HHTN: What are some of the most important technological developments in the remote patient monitoring market?
AL-SIDDIQ: The three biggest developments are: sensors; data access/interoperability; and telemedicine/telehealth. As sensors are becoming smaller and mobile, we can remotely collect diagnostically relevant medical data, allowing us to deliver more diagnostic tests in a remote setting. Developments around Big Data and access to multiple streams where we can see a holistic view of a patient are becoming huge value-adds in determining outliers to an individual’s condition, along with pinpointing the key issue itself or determining what treatment doesn’t fit. This type of data also enables systems to quickly compare and contrast patients with similar conditions but with different outcomes. Telemedicine and telehealth solutions are the foundation upon which all of these factors sit. Without a proper telemedicine/telehealth solution, delivery of remote care becomes problematic. Such solutions have focused on integrated devices, Big Data and real-time streaming of information. It is essentially the highway upon which all the other pieces run.
HHTN: How do you see the future of home health care shaping up in the next five years?
AL-SIDDIQ: Home health will become a center point for care delivery, focused on prescreening/diagnoses; recovery; and post-diagnosis and long-term management. For example, if you experience heart pains, you will be delivered a prescreening test which will cause you to either be called in immediately or delivered a diagnostic test that you can use at home to collect your data. Once the diagnostic decision is made, a therapy is applied—medicinal, surgical or otherwise—and you go into the recovery phase, where you are provided remote digital tools that help you collect your information and relay updates to your physician remotely. You then transition into long-term management, where you get a different set of digital tools that are utilized by you to manage your condition and provide feedback.