Accuhealth has been ranked 108th on the prestigious Deloitte Technology Fast 500 list for North America. The list ranks the 500 fastest-growing companies in the technology, media, telecommunications, life sciences, fintech, and energy tech sectors in North America based on revenue growth from 2018 to 2021. Accuhealth achieved an impressive growth rate of 1,372% during this period, cementing its position as a major player in the remote patient monitoring industry. This recognition underscores Accuhealth's commitment to innovation and providing reliable solutions to the healthcare sector. In this blog post, we delve deeper into Accuhealth's journey toward achieving this impressive feat and explore what it means for the company and its clients.
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“This year’s Technology Fast 500 list is a true reflection of some of today’s most determined and inspiring pioneers who have prospered by anticipating what’s next, understanding what’s needed to succeed and driving creativity forward,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice.
Accuhealth's Remote Patient Monitoring capabilities are revolutionary, offering patients the same level of attention they would receive in a traditional healthcare setting, but from the comfort of their homes. In today's world, where access to healthcare services can be challenging, and the COVID-19 pandemic has disrupted the traditional healthcare delivery model, this is especially important. Accuhealth's remote patient monitoring technology allows patients to receive care without leaving their homes, reducing the risk of exposure to the virus. This is particularly important for high-risk populations, such as older adults and those with pre-existing or chronic conditions.
Patients receive a more intimate healthcare experience that extends beyond the clinic walls, including access to a 24/7/365 clinical health operations center available in over 300 languages. Leveraging artificial intelligence (AI) and machine learning, Accuhealth’s robust RPM software Evelyn 3.0 can detect changes in patient behavior and highlight trends to healthcare providers to help the patient if they are falling off their care plan – or before a health emergency occurs. As healthcare technology leaders, Accuhealth delivers the nation’s most popular end-to-end RPM solution. Its proprietary software tracks over 750,000 data touchpoints per day and employs predictive analytics to better understand individual patient health trends taken from daily readings and adherence.
In addition to benefiting patients, Accuhealth's RPM capabilities offer numerous advantages to healthcare providers. Healthcare providers can access valuable insights and data quickly and easily, allowing them to provide the best possible care for their patients. This technology enables healthcare providers to identify potential health issues and intervene early, ultimately reducing healthcare costs and improving patient outcomes.
Remote patient monitoring has been shown to be effective in reducing healthcare costs while improving patient outcomes. According to a study conducted by the Journal of Medical Economics, remote patient monitoring can lead to a 24% reduction in hospitalizations, a 15% reduction in emergency room visits, and a 27% reduction in overall healthcare costs. These findings demonstrate the potential of RPM in revolutionizing the healthcare industry, improving patient outcomes, and reducing healthcare costs.
As of April 2023, based on the Centers for Medicare and Medicaid Services (CMS) published average cost of $13,800 per trip to the hospital, Accuhealth’s RPM program has resulted in 14,380 unnecessary hospital visits avoided, totaling over $200 million in savings to the Medicare program.
The substantial cost savings of Accuhealth’s RPM program directly contributes to lowering the overall cost of healthcare for each American, with significant cost savings for Medicare. RPM is an economically sound option for marginalized patients who typically lack access to resources for care. Measurable health improvements through RPM keep patients out of the hospital, which is a net positive for all parties.
This monumental evolution in the delivery of healthcare services affirms that not only is RPM a major cost savings, but is also a staple service for today’s value-based care model, empowering physicians with the right tools and keeping patients healthy. Accuhealth’s RPM program is a cost-effective way to improve the quality of life and reduce hospitalizations for patients while boosting efficiency for physicians.
Accuhealth offers a range of other services, in addition to remote patient monitoring, including telemedicine video visits, medication adherence programs, and chronic care management. These services are designed to help patients manage their health and improve their overall quality of life. Accuhealth's innovative technology enables patients to receive personalized care plans tailored to their specific needs, improving their overall health outcomes.
The RPM capabilities offered by Accuhealth have been recognized by healthcare providers and industry experts worldwide. The company has won several awards for its innovative technology, including the 2023 Artificial Intelligence Awards Excellence Awards, the 2022 BIG Innovation Awards, and 2022 Best of IoT Connected Medical and Healthcare Awards. These awards recognize the importance of RPM in today's world and the potential for its continued growth in the future. For a full list of Accuhealth's awards and achievements, please visit the Accuhealth Press Center.
Accuhealth's RPM technology offers numerous benefits beyond the COVID-19 pandemic. For example, patients with chronic conditions, such as diabetes or heart disease, can benefit greatly from remote patient monitoring. Patients can easily track their vital signs, such as blood pressure, heart rate, and glucose levels, and share this information with their healthcare providers in real-time. This enables healthcare providers to monitor patients' health status closely and intervene early if necessary, ultimately leading to improved health outcomes and reduced healthcare costs.
Accuhealth's remote patient monitoring technology also helps address the issue of healthcare disparities, particularly in underserved areas. Patients in rural areas or those with limited mobility may face challenges accessing healthcare services, leading to poorer health outcomes. Remote patient monitoring technology can bridge this gap by enabling patients to receive quality healthcare services from the comfort of their homes. This technology can also help reduce healthcare costs, as patients will require fewer in-person visits, making healthcare more accessible and affordable.
Another significant advantage of Accuhealth's RPM technology is its ability to improve medication adherence. Medication non-adherence is a significant problem in healthcare, with one in three patients not taking their medications as prescribed. This can lead to worsened health outcomes and increased healthcare costs. Accuhealth's technology enables patients to receive medication reminders and medication management support, reducing the risk of medication non-adherence and improving health outcomes.
Accuhealth's RPM technology is not only beneficial for patients and healthcare providers but also for payers, such as insurance companies and government agencies. Payers are increasingly looking for ways to reduce healthcare costs while improving patient outcomes. Remote patient monitoring technology can help achieve these goals by reducing the number of hospitalizations, emergency room visits, and other costly medical procedures. This technology can also improve patient outcomes, leading to fewer complications and readmissions.
To find out more about how your clinic can start and scale its own Remote Patient Monitoring service, and how Accuhealth can help, visit accuhealth.tech
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