The Internet of Things (IoT) does not only make our lives as consumers easier – but is transforming a variety of industries. While IoT is becoming an integral part of our lives, it is only recently that technology has been turned towards the healthcare and medical sector to provide remote patient monitoring solutions. Remote patient monitoring (RPM) uses IoT technologies to keep patients in their homes with the help of mobile devices, home health equipment, sensors, and data management tools.
According to a report published by Markets and Markets, the rising elderly population and growing need to expand healthcare access is a fundamental driver of the RPM market. The global remote patient monitoring industry is positioned to be worth $175.2 billion by 2027, growing at a compound annual growth rate of 26.7 percent during the forecast period of 2022-2027. Similarly, COVID-19 has also shown the large adoption of RPM solutions in connected health – allowing patients to access healthcare from the comfort of their own homes.
RPM solutions are known to provide comprehensive support structures for patients with chronic or acute diagnoses; continual review of this data is key in supporting patient outcomes, providing increased population health, safety, and affordability. RPM solutions reduce costs for both the patient and clinician, while increasing efficiency and patient advocacy. Other benefits for patients include:
Provider benefits for remote patient monitoring include:
While IoT works to connect devices in RPM solutions, there can be barriers that pop up along the way. Typical concerns during deployments include hardware procurement, connectivity, security, and logistics. Connectivity and regulatory compliance are also major challenges that may seem intimidating to organizations. Connected health solutions often require differing types of connectivity, WiFi, BLE, LORA, and cellular are some of the most common.
After connectivity comes the need to select a carrier, however with larger, or global, deployments it may require multiple carriers to ensure patients always receive the best possible connection. Every aspect of a healthcare deployment must follow strict regulatory and compliancy guidelines. KORE maintains the following certifications ensuring that our solutions are compliant at every step. KORE compliance includes ISO 13485, 9001, 27001, FDA 21 CFR Part 820, FDA Registered Repackaging and Contract Manufacturing Facility, and more.
KORE's holistic approach as a partner takes the day-to-day management of devices, connectivity, and deployment allows your business to focus on your solution and scale with ease. To learn more about our solutions and insights to connected health, download our eBook, “Improving Patient Outcomes and Expanding Healthcare Access” here.
So, how can healthcare organizations leverage remote patient monitoring data to proactively prevent adverse health events, leading to improved patient outcomes and reduced healthcare costs? Join KORE’s Chris Jones, Vice President for Connected Health, and other industry experts for IMC’s annual IoT Summer Days on Wednesday, June 28th at 10:00 a.m. ET to examine the latest in healthcare trends and IoT use cases.
Get your questions answered live – you don’t want to miss it! Registration is open here.