As mobile devices become more prevalent in every facet of modern society, it's not hard to tell that they're riding the wave of the future, with their uses improving society in almost countless ways. There's an especially large amount of potential in the mobile health world, with many companies striving to improve their practices.
According to Dallas/Fort Worth Healthcare Daily, one recent experiment using the technology was especially helpful. At Christus Health in Irving, Texas, 80 patients over the age of 65 who were discharged were given toolkits that included various health-tracking devices in the summer of 2012. Each kit was intended to give nurses direct access to those patients' health information.
After a year, 44 patients completed the program, and each reflected a return of $2.44 for every dollar spent on their equipment. Pre-experiment, the average cost of care for the patients stood at $13,000, but after it was completed, that price plummeted to only $1,231.
The next step at Christus is to continue the growth. It next hopes to expand its remote monitoring systems through other aspects of its system to better treat diseases like congestive heart failure and diabetes.
"Whether in a hospital, clinic or patient home, Christus Health will use telehealth to expand and improve healthcare for populations served," said the facility's chief medical information officer, Luke Webster.
Telehealth revenue expected to skyrocket
That's only the beginning for future predictions regarding the technology. According to a recent IHS report called "World Market for Telehealth," while only around 350,000 patients used telehealth in 2013, that number will multiply by more than 20 times to seven million in 2018. At the same time, while the market is currently worth $440.6 million, that number is also expected to spike, increasing 10 times to $4.5 billion.
"Amid rising expenses, an aging population and the increasing prevalence of chronic diseases, the healthcare industry must change the way it operates," said Roeen Roashan, medical devices and digital health analyst at IHS Technology. "Telehealth represents an attractive solution to these challenges, increasing the quality of care while reducing overall healthcare expenditures."
Telehealth has so far seen decreases in readmission rates, mortality rates, and increases in patient engagement.
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