Patient compliance has always been a hot topic in the healthcare industry - for payors, providers and patients alike. Recent government requirements are incentivizing better patient outcomes through improved engagement with their own health and improved satisfaction with their provider.
In addition to a healthier population, it’s been proven that patient compliance is tied directly to overall industry costs. For example, 33 to 69 percent of medication-related hospital admissions are caused by poor compliance, with the total cost as high as $100 billion per year.
In the past few years, more and more entrepreneurs and companies have been creating mHealth apps and wireless medical devices. In fact, the growth from 2012 to 2016 shows there will be many more to come. McKinsey projects opportunities in global mHealth alone to be $60 billion.
This technology makes it easier than ever before for patients to stay compliant. Since much of it is automated, a patient can make a simple gesture on his or her smartphone to tell their doctor that they took their medication. Additionally, a patient’s pacemaker that uses wireless technology can send real-time updates about his or her heart rate.
With this technology, patients are communicating with their physicians in real time and can be reminded of their treatment plan wherever they go. As such, providers and payors will have more data than ever to help them improve health outcomes and lower overall costs.
All this increased traffic from apps and devices on cellular networks will require a strong and safe network for machine-to-machine (M2M) communications. Aeris services are available in more than 190 countries, with a platform that connects to 550 cellular carriers in the healthcare, telematics, utilities, retail and other industries.
Looking to learn more about M2M and how to ensure your company can take advantage of the benefits of cellular connectivity? Take a look at Aeris' remote patient monitoring solutions. Download our white paper about the evolution of M2M or contact us today!