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Creating Value for Health IFA 2012 Global Conference on Aging Dr. John Tarrant 118 Old Lafayette Ave Lexington, Kentucky 40502 USA

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Presentation on theme: "Creating Value for Health IFA 2012 Global Conference on Aging Dr. John Tarrant 118 Old Lafayette Ave Lexington, Kentucky 40502 USA"— Presentation transcript:

1 Creating Value for Health IFA 2012 Global Conference on Aging Dr. John Tarrant 118 Old Lafayette Ave Lexington, Kentucky 40502 USA JTarrant@MedTechGlobal.com Video Remote Monitoring to Promote Better Health and Security

2 Our Aging Population

3 Global Cost of Health Care Based on GDP

4 Chronic Disease as the Main Cause of Death

5 Who Should Receive Video- Remote Monitoring

6 How Chronic Disease impacts Hospitalization

7 Projected Cost of Chronic Diseases By 2030 the Global cost of treating the 5 most common chronic diseases will surpass 47 trillion dollars That will be 75% of the predicted GDP in 2030 Reported by the World Economic Forum and the Harvard School of Public Health, September 2011

8 Changes to Current System which will Improve Chronic Care Management

9 Four Primary Types of Home Monitoring Telephone Follow up on past procedure Video Connectivity Behavior health Remote Monitoring Early stages of a chronic condition Video-Remote Monitoring Detailed monitoring of poorly controlled chronic condition or multiple chronic conditions

10 The Benefits of Video Remote Home Monitoring integration of external services: meals on wheels adult education appointment scheduling connecting with family members social interaction data collection: Health vital stats video communication

11 Intergration of Health Care Services Hospitals Community Services Home Monitoring Relatives Doctor Elder

12 Functionality of Video-Remote Monitoring

13 Medical Peripherals Blood Pressure Glucometer Spirometer Weight Scales Stethoscope EKG Blood Oxygen

14 Success is a factor of Simplicity Client Prospective: Non-threatening technology Easy to use Non-intrusive Clinicians Prospective: Availability of health vital stats Trend tracking Easy to use

15 Impact of Video-Remote Monitoring on Chronic Disease Management CHF Diabetes COPD Wound Ref HospERHospERHospERHospER 38%49%75%83%51%66% 1 73%67% 2 63% 3 60% 4 58% 5 1.F. Bryant. Acadian Telehealth Monitoring Strategic Healthcare Program, LLC 2.R.Rees, N. Bashshur. The Effects of teleWound management Use of Services and Financial Outcomes. TELEMEDICINE and e- HEALTH. Vol13.6 2007 3.Montefore Medical Center, Care Management Organization. Health IT News, Research, and Inteligence.at www.HealthITNewsDirect.com/?p=327 4.K.Dansky, K. Bowles, L. Palmer. Clinical Outcomes of Telehomecare for Diabetic Patients. The Journal on Information Technology in Healthcare 2003; 1(1):61-74 5.M. Domingo, J. Lupon, B. Gonzalez, E. Crespo, R. Lopez, A. Ramos, A. Urrutia, G. Pera, J. Verdu, A. Bayes-Genis Noninvasive Remote Telemonitoring for Ambulatory Patients with Heart Failure: Effects on Number of Hospitalizations, Days in Hospital, and Quality of Life, CARME study

16 Impact of Video-Remote Monitoring on Chronic Care Management Decrease in Hospitalizations 60% Decrease in Emergency Room Visits 66% Decrease in Hospital length of Stay 3-4 days Avoidable Nursing Home Admissions 67%

17 Return on Investment for Video- Remote Monitoring Individuals with 5 or more Chronic Conditions managed with care coordination and video-remote monitoring: $1,400.00 per Individual per month savings on decrease hospitalization and ER visits $600.00 per individual per month program cost $800.00 per individual per month net savings All values are represented in US dollars

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