Economic evaluations suggest that remote patient monitoring-based healthcare services can be more cost-effective than typical care from a payor perspective.
With the rise in the use of remote patient monitoring by healthcare providers, more since the pandemic, studies are now demonstrating not only the clinical benefits, such as reductions in blood pressure, weight, blood sugars, hospitalizations, and readmissions but also the impact on the cost of healthcare.
Considering the high prevalence and substantial economic burden of cardiovascular disease, the leading cause of death in American adults, The International Journal of Technology Assessment in Healthcare conducted a systematic review examining the cost and cost-effectiveness of using remote patient monitoring to manage cardiovascular disease in the United States. Numerous studies used in the review reveal:
- Studies from payors and the healthcare sector indicate the clinical effectiveness of remote patient monitoring relative to usual care.
- Two cost-utility analysis studies suggest that remote patient monitoring relative to usual care is a cost-effective tool for cardiovascular management even at the conservative $50,000 per Quality-Adjusted Life-Year threshold.
- Additionally, all model-based studies revealed that remote patient monitoring is cost-effective overall.
The economic evaluations suggest that remote patient monitoring-based healthcare services can be more cost-effective than typical care from a payor perspective for cardiovascular disease in terms of quality, blood pressure control, and fewer cardiovascular events.
The American Heart Association estimates medical costs from cardiovascular disease are expected to reach $1.1 trillion by the year 2035. This fact combined with the improvements in the management of cardiovascular disease, and other chronic conditions, is cause for providers to evaluate adding remote patient monitoring capabilities to their practice.
RPM Healthcare offers a remote patient monitoring program in which each patient has a dedicated care coach (a licensed nurse) trained in motivational interviewing techniques, patient activation model, and Social Determinants of Health (SDOH). RPM nurses work with each patient in a patient-centric and evidence-based approach to help patients achieve their goals.
“Our nurses not only read about the positive effects of remote patient monitoring through studies and reports but understand it through first-hand experience from their patients,” states Irina Koyfman, Population Health Officer, RPM Healthcare. “A patient called their care coach to tell them that as a side effect of focusing on reducing their blood pressure was that they also lost 20 pounds, stressing the importance of working with a clinical team who understands the patient-centered care approach, and focuses on the total health of the patient.”
RPM Healthcare can assist in impacting the delivery and cost of care for your patients.
