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New Report-Home Telehealth Can Save Billions of Dollars
A message from Clymer.."CC"..Conrad Clyburn to all members of Telemedicine & eHealth on MedTechIQ!
Colleagues,
As reported in the Telemedicine Information Exchange (TIE), What's New in the World of Telemedicine...Remote, home-based physiological monitoring of patients with congestive heart failure can save thousands of dollars per patient per year through fewer hospitalizations, according to a new report.
The report authors estimate savings of $3,703 per patient per year for those with remote monitoring and disease management programs, and $5,034 for those with remote monitoring and standard care. Consequently, the technology has the potential to save $4.7 billion to $6.4 billion a year.
The New England Healthcare Institute, a Cambridge, Mass.-based independent research firm, has updated a report on remote physiological monitoring it published in 2004. The new data estimates an annual cost of $2,052 per patient for the monitoring technology. Add disease management software to the mix, and that price would go up to $2,802.
The return would come from a 60% reduction in hospital readmissions for patients that have standard care and remote monitoring, and a 50% cut in readmissions for patients that participate in a disease management program along with the monitoring, the report authors estimate.
The full report, entitled the Research Update: Remote Physiological Monitoring is available for free download at: http://www.nehi.net/publications/36/remote_physiological_monitoring...
Read on at TIE: http://tie.telemed.org/news/#item1736
ENJOY!
CC
Visit Telemedicine & eHealth at:
http://medtechiq.ning.com/groups/group/show?id=2140535%3AGroup%3A191
Colleagues,
As reported in the Telemedicine Information Exchange (TIE), What's New in the World of Telemedicine...Remote, home-based physiological monitoring of patients with congestive heart failure can save thousands of dollars per patient per year through fewer hospitalizations, according to a new report.
The report authors estimate savings of $3,703 per patient per year for those with remote monitoring and disease management programs, and $5,034 for those with remote monitoring and standard care. Consequently, the technology has the potential to save $4.7 billion to $6.4 billion a year.
The New England Healthcare Institute, a Cambridge, Mass.-based independent research firm, has updated a report on remote physiological monitoring it published in 2004. The new data estimates an annual cost of $2,052 per patient for the monitoring technology. Add disease management software to the mix, and that price would go up to $2,802.
The return would come from a 60% reduction in hospital readmissions for patients that have standard care and remote monitoring, and a 50% cut in readmissions for patients that participate in a disease management program along with the monitoring, the report authors estimate.
The full report, entitled the Research Update: Remote Physiological Monitoring is available for free download at: http://www.nehi.net/publications/36/remote_physiological_monitoring...
Read on at TIE: http://tie.telemed.org/news/#item1736
ENJOY!
CC
Visit Telemedicine & eHealth at:
http://medtechiq.ning.com/groups/group/show?id=2140535%3AGroup%3A191
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