The technology, devices, and benefits of the growing remote patient monitoring market
- One of the tools US health systems and hospitals are turning to improved outcomes and reduced costs is remote patient monitoring (RPM) technology.
- Common examples of remote patient monitoring devices include voice apps that remind diabetes patients to take their insulin, while allowing their physician to monitor the disease and, digital blood pressure cuffs that enable patients to remotely send physicians their blood pressure and pulse.
- Providers using RPM-enabled home healthcare and other telehealth delivery methods are already reducing hospital readmission penalties.
- For example, Dexcom, has partnered with Alphabet's life sciences unit, Verily, on a new implantable diabetes sensor that transmits health data to monitoring devices or smartphones via Bluetooth.
- Some of the key takeaways from the report include how tech-focused entrants are acting as catalysts for change and threatening legacy players' bottom lines, as well as how key digital health solutions like EHRs, digital therapeutics, telehealth, AI, wearables, and blockchain are the foundation of the industry's digital awakening.
Can efforts to bottle MDMA’s magic transform psychiatry?
- Ecstasy enthusiasts and university professors alike heard several research teams report that MDMA helped patients recover from post-traumatic stress disorder (PTSD) and other disabling psychiatric conditions after conventional treatments had failed.
- Heifets was just seven years old in the summer of 1984 when the Drug Enforcement Administration proposed new rules to ban MDMA under Schedule I of the Controlled Substances Act, citing “illicit trafficking,” high abuse potential and “no legitimate medical use.” By then, ecstasy had become so popular, Heifets says, that you could buy it with a credit card over the counter at clubs in Texas.
- In 2002, researchers led by George Ricaurte — a co-author on Schuster’s MDA study — reported in the prestigious journal Science that recreational doses of ecstasy could cause permanent brain damage in monkeys and possibly lead to Parkinson’s disease.
Comcast is reportedly developing a smart speaker that would track your bathroom habits
- Comcast is reportedly working on a device similar in concept to the Amazon Echo and Google Home, but with a focus more on closely monitoring health and less on consumer-centric features.
- It’s said that Comcast aims to offer the speaker and a companion health tracking service to “at-risk people, including seniors and people with disabilities.” The company is also in discussions with hospitals about potentially “using the device to ensure that patients don’t end up back in the hospital after they’ve been discharged.” Your ISP, doctors, and insurers all having a direct, unfettered view into your day-to-day vitals?
- It’s not hard to see Comcast pushing this health-tracking speaker on people during regular cable installations or customer service visits — or insurance companies enticing customers to accept this level of surveillance in exchange for cheaper rates.
Biofourmis raises $35M to develop smarter treatments for chronic diseases
- That’s to say that medicine works differently on different people, so by collecting and monitoring data and crunching numbers, Biofourmis can provide the best drug to help optimize a patient’s health through what it calls a ‘digital pill.’ That’s not Matrix-style futurology, it’s more like a digital prescription that evolves based on the needs of a patient in real-time.
- The type of disruption that Biofourmis might appear to upset the applecart for pharma companies, but Singh Rajput maintains that the industry is moving towards a more qualitative approach to healthcare because it has been hard to evaluate the performance of drugs and price them accordingly.
- Indeed, the confidence is such that Biofourmis intends to initially go to market via pharma companies, who will sell the package into clinics bundled with their drugs, before moving to work with insurance firms once traction is gained.
Biofourmis raises $35 million to create digital health ‘biomarkers’ with AI
- Biofourmis, an AI health IT company based in Singapore, today announced that it’s raised $35 million in a series B financing round led by Sequoia Capital’s Sequoia India and MassMutual Ventures, with participation from Singapore government-linked strategic investor EDBI, Chinese online health care platform Jianke, Openspace Ventures, Aviva Ventures, and SGInnovate.
- Biofourmis describes its end-to-end Biovitals platform as a “physiology-based data analytics engine” for health care providers, payers, and pharmaceutical companies.
- A suite of algorithms continuously ingests data from patient health histories and FDA-approved wearable biosensors to create biomarkers reflecting overall health, and to generate disease- and therapy-specific models for heart failure, pain, myocardial infarction, neurology, oncology, and other maladies.
- Biofourmis’ other spotlight product — BiovitalsHF — is designed to facilitate heart failure patient monitoring with tools that deliver insight regarding treatment effectiveness, drug dosage variances, and adverse reactions.
The True Victims of the Opioid Crisis Are Starting to Rebel
- Like millions of other chronic pain patients around the country, Doyle is the collateral damage of the opioid abuse epidemic.
- In March, a group called Health Professionals for Patients in Pain wrote to the Centers for Disease Control and Prevention, urging the agency to respond to the “widespread misapplication” of its 2016 Guideline for Prescribing Opioids for Chronic Pain.
- Authorities want to shut down “pill mills” that fuel the overdose crisis by providing opioids inappropriately, but those same enforcement efforts can affect doctors who prescribe high doses to chronic pain patients.
- Then this spring, the Health Evidence Review Commission, which guides reimbursement decisions, considered new limits: Patients with certain chronic pain conditions would gain coverage for alternative treatments under Medicaid but would have to taper off opioids, even if they have been stable on their doses for many years.
Three untapped opportunities wearables present to health insurers, providers, and employers
- In turn, insurers, providers, and employers are poised to become just as active leveraging these devices - and the data they capture - to abandon the traditional reimbursement model and improve patient outcomes with personalized, value-based care.
- A new report from Business Insider Intelligence, Business Insider's premium research service, follows the growing adoption of wearables and breadth of functions they offer to outline how healthcare organizations and stakeholders can overcome this challenge and add greater value with wearable technology.
- The Wearables in US Healthcare Report from Business Insider Intelligence details the current and future market landscape of wearables in the US healthcare sector.
- By outlining a successful case study from each stakeholder, the report highlights best practices in implementing wearables to reduce healthcare claims, improve patient outcomes, and drive insurance cost savings, as well as how the evolution of the market will create new, untapped opportunities for businesses.
Telehealth industry defined: the services, systems, benefits & trends of a growing digital health segment
- Telehealth — the use of mobile technology including video doctor visits and remote patient monitoring tools — extends the reach of physicians and healthcare providers beyond traditional clinical settings.
- Telehealth enables a constant relationship between patients and caregivers, and offers providers a continuous stream of real-time patient health data.
- Telemonitoring, also known as remote patient monitoring, is a healthcare delivery method within telehealth that uses technology to monitor patient health data outside of clinical settings.
- Telehealth physical therapy, also known as telePT, telemedicine PT, or virtual PT, enables physical therapists to deliver remote care to their patients through technology-based sessions, rather than a hospital or outpatient clinic.
- Telehealth enables providers to reduce admissions by extending physicians' reach, facilitating a constant relationship between patients and caregivers, and offering providers a continuous stream of real-time health data.