The Healthcare industry has begun rapidly changing over the last 2 years as a result of the COVID-19 pandemic. With social distancing and other restrictions set in place, patients and healthcare providers and professionals are finding new ways to conduct business. With RPM solutions paving the landscape for the future of the health and wellness space.
What Does RPM Stand For?
RPM stands for Remote Patient Monitoring, a transformative way of providing healthcare. RPM involves using technology to monitor the health of patients without having to see them physically in a clinic or hospital. RPM technology allows for the capturing and transmission of health information between patient and clinical completely virtually. Remote patient monitoring is an important part of telehealth and telemedicine processes.
How does RPM work?
Remote patient monitoring uses technology to gather health data and then transmit it to the patient and healthcare provider. In face, many companies have released RPM devices like heart rate monitors, fitness trackers, glucose monitors and more. These devices can measure, track and display various health parameters. Many have the ability to send the information to your personal doctor or caregiver for remote monitoring purposes.
The Opportunity
So, remote patient monitoring and RPM devices not only improve patient outcomes, but also save time and cut costs for both patients, healthcare professionals, and healthcare providers. Additionally, the market for RPM systems is said to be worth over $1.7 billion dollars by 2027. In fact, 30 million patients in the United States alone are projected to use remote patient monitoring tools by 2024. In short, with positive market projections for the next 10 years, the RPM systems market provides a unique opportunity for investors and companies in the industry.
The Future of RPM Technology
While physical devices like watches, fitness trackers and others, have been the driving force in the telehealth space. These devices can often be costly, bulky, and confusing to operate for new users. To combat this, veyetals, a wellness app developed by MarkiTech (Markitech.AI ™), in collaboration with Queen’s University Computer, Vision and AI Lab, uses a real-time health monitoring system to measure thse biomarkers and more. Within 90-95% accuracy levels using your smartphone’s camera. veyetals is easy to access, use, and track information on, making healthcare more accessible to at-risk populations without the need for costly medical devices.
About Us
Our cloud based, lightweight API allows veyetals to be integrated with the healthcare apps and platforms that matter to you most. The app is interoperable with other healthcare management systems including, but not limited to, SenSights.AI. veyetals drives information sharing with other health management solutions and further enhances the continuum of patient care.
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Credits: Insider Intelligence, J Ambient Intell Human Comput.
#HealthInnovation #Wellness #Telehealth #RPMTechnology
