Telehealth home monitoring enables doctors to control the health of patients at home, digitize the relationship between doctor and patient, create new recurring income, and help reduce the overall health care costs. Therefore, it is not surprising that the adoption rate of telehealth home monitoring is growing rapidly. In fact, 33% of doctors who do not use telehealth home monitoring in 2020 plan to integrate telehealth home monitoring into their practice next year. It is estimated that the market value of global telehealth home monitoring system will exceed 1.7 billion dollars by 2027. What causes the increase in the adoption rate of telehealth home monitoring?
Although telehealth home monitoring has existed for some time, the pandemic has quickly brought the concept of virtual health monitoring back to the forefront. COVID-19 causes many people to be isolated at home to reduce or avoid exposure to viruses, and also urgently needs hospital capacity and clinical resources. Although in recent years, Centers for Medicare & Medicaid Services (CMS) has designated a new reimbursement code to make telemedicine home monitoring easier to obtain, COVID has brought additional changes, allowing providers apply telemedicine home monitoring to patients with acute and chronic diseases, whether new or identified patients.
Using telehealth home monitoring, healthcare providers can extend care beyond the hospital. For patients who are diagnosed with COVID-19 and can be safely isolated at home during rehabilitation, telehealth home monitoring enables medical service providers to still monitor vital signs such as blood pressure and blood oxygen level, while minimizing the risk of transmission and exposure to viruses. Remote medical home monitoring also benefits non-COVID patients (such as the elderly) who need long-term care, allowing them to rest at ease and monitor their condition remotely in a comfortable and private home. This in turn frees up beds and clinical resources in hospitals and medical institutions for patients who need immediate on-site care.
In recent years, the benefits of telehealth home monitoring have been widely accepted in professional communities, but there is almost no evidence to show that one of the biggest potential challenges is patient support. A recent study by MSIInternational shows that four fifths of Americans have a positive attitude towards telehealth home monitoring, and more than 60% of interviewees are willing to share their blood pressure, heart rate, blood glucose and blood oxygen data. Payers and providers can now rest assured that patients share their enthusiasm for telehealth home monitoring and are willing to give it a chance to improve their health.
Founded in 2002, Transtek is committed to multiple health fields such as remote health and chronic disease management, providing customers with medical-grade "RPM devices" and "cloud services". Transtek has established a co-branded solution named TeleRPM since 2022, it stands for Quality & Value which is the best of Transtek. TeleRPM is an integrated solution which includes cellular blood pressure monitor, cellular weight scale, cellular blood glucose meter and all-round BLE package with AnyHub solution.