Current State of Mobile Health
Mobile health (mHealth) is currently leading the frontline in healthcare technology innovation, and may finally be able to prove its value to not only patients, but also payers and providers. Many US consumers of mHealth solutions have called for the services to adhere to the ACA’s “Triple Aim” of health – to improve the experience of care, the health of populations and reduce per capita costs. The launch of HealthKit may finally give the mHealth industry the clout to do so.
The beauty of mHealth is its integration of all the key players involved in an episode of care to remain in contact regardless of location, setting, or even access to equipment. With that being said, consumers are now asking the question of how can it reduce healthcare costs?
Currently almost 73 percent of people who use mobile to track their health/fitness believe they have positively impacted their health. Most of the interest in mobile health has been concentrated in the apps available to patients on their mobile devices. With almost 91% of adults admitting to keeping their mobile device within arm’s reach 24/7 and over 100,000 apps available for download, many are predicting the market to reach a staggering $26bn USD by 2017.
Mobile Health & Healthcare Costs
While the growth of the market is encouraging, it is the application of new mobile health services that could truly change the current healthcare landscape and help contain costs that are traditionally driven by uncontrollable variables.
The introduction of wearables to mHealth market has given patients and providers a new vehicle for communicating and transferring health data in real time. The ability to be in constant contact allows both parties to carefully monitor health conditions, status and outcomes of administered procedures. How will that help contain costs?
Imagine an episode of care that is ongoing 24/7. Video consultations, health monitoring and tracking, geo-tracking and integration between medical equipment and mobile devices will allow patients and providers to control the variables that were traditionally uncontrollable. Readmissions can easily be prevent and reduced, case management and coordinated care teams can respond more quickly to patients in distress, and patients can even take monitoring their health into their own hands with more engaging platforms.
As mobile health continues to grow, there is more and more room for even further innovation. With innovation come more cost-effective and competitive services. Software like Apple’s HealthKit is simply one of the millions of mHealth software available to developers looking to contribute to the market’s success and make a positive impact on the lives of millions.
PayerFusion supports the efforts of mHealth providers to continue to expand their products and we are constantly seeking ways to integrate mobile applications into our lines of services.