The Affordable Care Act is expected to push more medical billing from the traditional fee-for-service model to the new fee-for-performance model; in other words, hospitals will get paid to keep people healthy. Keeping people healthy will force healthcare providers to do things such as prevent re-admissions back to a hospital for an infection or relapse after a treatment, or keep people from needing a hospital stay at all. And that will happen only if providers have some insight into what patients are doing at home.
“Patient monitoring is becoming a necessary measure for hospitals and doctors to measure their business,” said Jack Young, head of Qualcomm Life Fund, a wireless health investment company. “The focus is shifting whether they like it or not.”
The theory is that better chronic care management will keep costs down. If patients can manage conditions such as diabetes and heart disease better outside of the hospital, costly major medical episodes are less likely to occur.
Remote patient monitoring companies are popping up left and right in the industry because it’s relatively cheap to enter the market. Wireless transmission of data and sensors to collect data aren’t new developments — venture capitalists are getting interested now because new payment models are creating demand from providers.
AliveCor Mobile ECG will keep patients in touch with their physicians outside of the hospital and can help to identify cardiac problems before something life-threatening occurs.
AliveCor Mobile ECG records accurate ECGs and heart rate anywhere and at any time. The customer simply rests the fingers on the device or places the device to the chest to record an ECG in just 30 seconds. A first response is provided immediately with an in-depth expert analysis available as required.
for more details visit: http://www.alivecor.com/home
Similar efforts are underway around the country, as physicians and other providers seek to monitor patients remotely through new technologies, aiming to identify problems early and cut costs and inefficiencies in the healthcare system. The approach is a key focus of the nation’s Affordable Care Act, and the influx of data from internet-connected devices could be a valuable tool for health systems, helping them to maximize resources and target interventions toward patients who will benefit most. It’s also a huge potential boon for companies that manufacture these technologies and have the know-how to store and wring value from the data they generate.
LifeWatch AG (SIX Swiss Exchange: LIFE), a leading developer and provider of medical solutions and remote diagnostic monitoring services to the digital health market signed an agreement with AliveCor Inc. to utilize the AliveCor® Mobile ECG technology in its cardiac monitoring business to integrate the AliveCor Mobile ECG into LifeWatch’s cardiac monitoring product offering.
Vivify Health has created the world’s first remote care platform based upon consumer mobile devices and is connecting patients directly to their care.
www.vivifyhealth.com
