Top Three Benefits of Remote Patient Monitoring

Since the beginning of COVID in 2019, the use of telehealth technology has accelerated exponentially, with the need of improving at-home and virtual patient care. A recent Frost & Sullivan analysis on, Innovative Business Models Powering the Telehealth Market in Europe has shared four key growth areas for telehealth, including behavioural health, RPM for real-world evidence collection, doctor-to-doctor communication and consumer wearables.

According to MarketsandMarkets, the global remote patient monitoring industry is estimated to reach $175.2 billion by the year 2027, compared to only $53.6 billion in 2022 – resulting in a compound annual growth rate (CAGR) of 26.7 percent. Similarly, COVID-19 has also shown the large adoption of remote patient monitoring in connected health.

What is Remote Patient Monitoring?

Remote patient monitoring (RPM), is a way of care that provides patients and medical professionals the tools to access healthcare virtually. Advanced IoT technology leverages data to increase communication protocols, engagement, and independent decision-making.

Use cases in RPM include:

• Cardiac rhythm monitoring
  
  • This system provides a wireless solution to analogue heart monitors and enables patient data to be transmitted securely to a web-based management system. Essentially, the transmitter automatically monitors the implanted device through the night as the patient sleeps.
• Glucose monitoring
  
  • Diabetes patients require meticulous, proactive monitoring to manage their insulin and glucose levels. The ability to track precise data and communicate those numbers to healthcare teams is crucial, especially for high-risk patients.
• Medical grade wearables
  
  • There are two types of wearables: consumer-grade and medical-grade. Consumer-grade health monitoring devices include smartwatches that connect via Bluetooth to the user’s nearby mobile device. These types of solutions are generally found in IoT-enabled mobile Personal Emergency Response Systems (mPERS). Medical grade wearables include products such as portable insulin pumps that may use cellular connectivity or other wireless protocols to channel data.

Three Benefits of Remote Patient Monitoring

Remote patient monitoring has proven to reinforce the demand for healthcare services virtually. The value of remote patient monitoring is not limited, but three important benefits include:

1. Increases and improves virtual access to care – Patients are able to reach the facilitation they require nearly anywhere.
2. Lowers costs for both parties – Because RPM supports virtual care, it reduces the need for in-person doctor and hospital visits.
3. Strengthens patient engagement & experience – Streamlining a system that is easier and more convenient to access can overall improve customer satisfaction. Patients can feel more at ease monitoring their health in the comfort of their homes.

Simplifying Healthcare

KORE helps organisations deploy IoT solutions needed to drive the next generation of healthcare. We offer solutions from Mobile Device Management (MDM) and device configuration to forward and reverse logistics and compliance. Our comprehensive suite of technologies and services simplifies the complexity of remote diagnostics and outpatient monitoring.

To learn more about our approach to remote patient monitoring, mPERS, and more, download the case study, “IoT Empowers People with Chronic Diseases to Achieve Quality of Life.”