A remote patient monitoring pilot study found that home monitoring can yield approximately $8,375 in healthcare savings per patient annually.
The pilot was conducted by Geneia — a healthcare analytics and technology company headquartered in Harrisburg, Pa. — to test the company's @Home remote patient monitoring program designed to remotely monitor the health of chronically ill patients. The program uses a combination of predictive analytics and in-home clinical support to facilitate personalized care planning.
For the study, researchers compared users of the remote system who were diagnosed with heart failure with a control group with comparable pre-study risk scores that did not use the system. Researchers evaluated clinical and cost outcomes as well as patient experience.
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Results indicated a net 45 percent reduction in hospital admissions in favor of the pilot group. The reduction in admissions resulted in more than $8,000 of annual savings per patient. Additionally, an overwhelming majority — 96 percent — of patients attested to being satisfied with their @Home system.
Jennifer Chambers, MD, Geneia CMO, said, "Not only is chronic disease expensive, difficult to manage and a drain on our healthcare system, but it also takes a toll on patients and families...we are confident that more of our seniors struggling with chronic disease will benefit from this technology and...learn to better understand and manage their chronic conditions and continue to live full and independent lives in their own homes."
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