Digital health solutions may save $100 billion over next 4 years

A recent study by Accenture suggests digital health solutions approved by the U.S. Food and Drug Administration are helping the healthcare industry achieve significant cost savings, to the tune of billions of dollars.

In 2014, digital health solutions saved nearly $6 billion dollars, driven by improved medication adherence, behavior modifications and fewer emergency room visits, according to the study.

Accenture projects cost savings will increase to $10 billion in 2015, $18 billion in 2016, $30 billion in 2017 and up to $50 billion in 2018. Additionally, the company estimates a growth in FDA approvals for digital health solutions, from 33 in 2014 to 100 by the end of 2018.

"A digital disruption is playing out in healthcare, as witnessed by the emergence of new business models and technology that will change the nature of patient interactions, alter consumer expectations and ultimately improve health outcomes," said Rick Ratliff, managing director of digital health solutions of Accenture.

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