Chronic disease impacts 60% of adults in the United States, with about 40% suffering from multiple conditions. Chronic disease consumes a large portion of the total annual healthcare spend in the country, and is projected to cost a total of $42 trillion from 2016-2030. From 1996 to 2016, the number of patients treated for five or more chronic conditions increased from 8% to 17% of the adult population.
With the healthcare industry already facing a resource shortage, there is also a significant burden in finding solutions that will help address the growing demand for chronic disease care and management. The traditional treatment model centered on the office visit limits access to services based on physician and patient availability.
Connected healthcare, however, can help change the face of chronic disease management. The use of remote patient management devices, telehealth services, mobile and web applications, and connected wearable devices can offer physicians and patients a new means of interacting and exchanging data and information.
The potential benefits of using connected health to treat chronic conditions extend to both patients and physicians.
Physician Efficiency –
RPM solutions and regular monitoring combined with algorithm-based analytics can reduce the number of office visits required. This allows physicians to spend more time treating patients with more immediate or critical needs, without impacting quality of care to home-managed patients.
Revenue Benefits –
The ability to manage chronic conditions remotely can allow providers to treat more patients, increasing their potential for revenue.
Improved Patient Experience –
The ability to receive treatment and follow-up remotely offers patients multiple benefits. They (or their caregivers) do not need to take time off from work for in-office appointments, they avoid costs of transportation and parking, and they are able to schedule virtual follow-ups at convenient times. Patients are also able to receive care from the comfort of their homes, providing them the support they seek: 91% say they need help managing their chronic diseases.
Cost Savings –
By enabling regular, automated readings, clinical staff have access to real-time data about patients, allowing them to intervene more rapidly and adjust treatment. This can reduce the potential for hospitalization or recurring office visits due to relapse or lack of medication adherence, reducing costs for both patients and providers.
If patients are able to receive the treatment they need more efficiently and comfortably, and physicians are able to work more efficiently at the same time, the use of connected health to treat – and even prevent – chronic disease, can help solve the supply and demand problem in healthcare and, ultimately, save lives.
To learn more about treating chronic disease with connected health, visit us here.