Report: Remote Patient Monitoring Saved Virginia's Sentara Healthcare $3M

Remote patient monitoring may be able to lower costs, personnel shortages and patients' length of stay, according to a Kalorama Information news release.

Research firm Kalorama Information released a report, "Remote and Wireless Patient Monitoring Markets," that details the financial and clinical effects of remote patient monitoring systems. The report focused on the eICU or tele-ICU, a remote patient monitoring system in intensive care units. Norfolk, Va.-based Sentara Healthcare reported its eICU program reduced intensive care mortality rates by 25 percent and reduced the average length of stay in the eICU by 17 percent. The program saved Sentara $2,150 per patient, or approximately $3 million total, due to reduced patient expenses and increased ICU capacity.

Kalorama Information valued the 2010 U.S. market value for remote patient monitoring systems at $7.1 billion and estimates an annual growth rate of 25.4 percent, making the potential value of the U.S. market for remote monitoring systems $22.2 billion in 2015. 

Related Articles on Remote Patient Monitoring:

6 Recent Estimates of Health IT Market Growth
Report: Global Market for Interventional Cardiology Devices to Reach $25.5B by 2021

Report: Global Telehealth Market to Top $1B by 2016

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars