Telemedicine and Home Monitoring Will Promote Healthcare Transformation

I believe that telemedicine and home monitoring of patients post hospital discharge will be more broadly adopted as common healthcare services. The reason that they have lagged in popularity up to now is that the reimbursement picture is confusing and physicians and nurses have not been trained in their use. These two types of services provide a substitution of technology for bricks-and-mortar investments and substitute technology for labor. A recent article discussed the involvement ofMedtronic in home monitoring devices (see: Medtronic alliance looks to expand use of home-monitoring devices). Below is an excerpt from it:Medtronic is known more for its pacemakers than its health care services. But the Minnesota-run multinational corporation actually has one of the longest track records in the field of remote-patient monitoring, with 15 years of experience — including the years before 2013, when Medtronic bought its way into the field by acquiring Twin Cities-based patient-monitoring device maker Cardiocom for $200 million. Cardiocom was focused on heart conditions, but Medtronic has worked to greatly expand the applicability of its home-monitoring devices.Medtronic has developed automated protocols to handle more than 20 different conditions and disease states, with a focus on complex patients who often have multiple conditions to manage. In addition to heart problems, the system manages diabetes, hypertension and psychological disorders.American Well...
Source: Lab Soft News - Category: Laboratory Medicine Authors: Tags: Healthcare Delivery Healthcare Information Technology Medical Research Preventive Medicine Telemedicine Source Type: blogs