The CCH and CTA Offers Healthcare Providers Investment Tool

  • Posted on: 17 June 2013
  • By: chw staff

Healthcare providers have been given a tool to evaluate the financial benefit of using remote monitoring tools on patient with chronic heart disease.  The tool was a joint development between the The Center for Connected Health (CCH) and the Center for Technology and Aging (CTA).  Through the ROI Tool the CCH hopes to provide the information needed by providers and payers when thinking about Remote patient monitoring (RPM) solutions.

Although the use of RPM is increasing in the U.S. providing benefits such as reduce cost, improving care delivery, access to care and quality of life, providers and payers sometime need financial benefits of its use.  The ROI Tool helps health care providers determine the current ROI of an established RPM program as well as projecting ROI for future years.

The ROI Tool was developed with support from the California HealthCare Foundation and tested by a number of health organizations. The HealthCare Partners (HCP) used to tool to quantify the value of its remote patient monitoring program for chronic obstructive pulmonary disease. The HCP found that their interactive voice response program had a positive ROI of 1.3 to 1 after one year, and is projected to increase dramatically to 18.9 to 1 by year five.

“Remote patient monitoring increasingly offers providers new options for improving the care of America’s aging population, particularly those with a chronic disease,” said David Lindeman, PhD, Director of the Center for Technology and Aging.

“This new tool not only assists program managers to evaluate financial ROI, but it also identifies potential program efficiencies, making the ROI Tool effective for both evaluation and decision-making,” added Kamal Jethwani, MD, MPH, Corporate Manager of Research and Innovation for the Center for Connected Health.

The ROI of RPM tool can be accessed through the website or the CTA ADOPT Toolkit