Getting preventative care outside of a hospital setting was only a pipe dream until now. Technology is making this expectation a reality. From startups to Fortune 500 companies, technology providers are developing advanced patient monitoring devices to revolutionize medical care by reducing hospital readmission rates, cutting-down expenditures, and enhancing patient outcomes. These trends are driving the global remote patient monitoring market from the present $54 billion to $193 billion by 2030, at a CAGR of 27.62 percent.
This growth is especially driven by the move of healthcare organizations toward personalized medicine to improve patient satisfaction and reduce hospital expenditures. Among the technologies that are enhancing patient monitoring, AI is the most notable for its ability to identify risk factors and anticipate potential complications. For instance, when the patient monitoring devices detect a decline in blood oxygen, AI algorithms can compare the monitoring data with the existing clinical data to determine the likelihood of medical emergencies for the patient. The care team can intervene and alleviate the condition before it is too late. AI-powered patient monitoring can thus help prolong the patient’s life without them having to visit the care centers frequently.
To put the spotlight on such key developments in the industry, Healthcare Tech Outlook illustrates how care providers are leveraging the latest technologies to augment their patient monitoring workflows and meet patient and physician expectations. The edition features thought leadership articles from Mitchell Fong, VP of virtual care at Renown Health, Alison Havens, director of patient care services at McLaren Health, and Patrick Young, President of Population Health, Hackensack Meridian Health, who shed light on the innovations in patient navigation, enhancement of patient experience, and the augmentation of population health strategies with technology.
In this edition of Healthcare Tech Outlook magazine, we also bring to you the story of some of the top patient monitoring solution providers that are facilitating unparalleled workflow optimizations for care providers and enhanced care outcomes for patients. In the list, OneCare particularly stands out for its care-as-a-service platform, which is designed to keep patients and their care providers always connected with around-the-clock information exchange. The list also comprises Kencor Health, the creator of the SAMi AI-bot that helps patients navigate a comprehensive ecosystem of remote patient monitoring, telehealth, COVID-19 screening, and clinical trials. Qardio is another notable mention, as its platform enables care providers to efficiently track, analyze, and triage large patient populations and provide them with the critical care they need. We also bring you the story of Revolution, which offers full turnkey remote patient monitoring solutions for in-home use. Along with simplifying physician workflows, Revolution aims to facilitate unmatched comfort and convenience for patients.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the remote patient monitoring segment. We would like to know your thoughts.
