December 11-13, 2020

MedTech Impact 2020

Venetian/Palazzo Resort

Las Vegas, NV

(561) 893-8633

info@medtechimpact.com

Category: Insights

Wearables Making Impact on Wellness Program

Employers and insurers are looking to wearable technology to gauge the progress of wellness programs on their workforce.

Firms are turning to wearables not just for participation and engagement data but also to ensure that their plans are more effective in improving outcomes and reducing risks to health, according to a Springbuk Report, “Employer Guide to Wearables 2.0” cited in ProBen.

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Wearables Making Impact on Wellness Program

The Cost of Chronic Disease

The primary issue that consumes the majority of the burden of healthcare costs in the United States is preventable chronic disease: while the most prevalent health conditions are simultaneously the most avoidable, they continue to cost the country’s budget billions of dollars. While overall numbers have decreased since 2010, when chronic disease cost the U.S. a total of $315 billion, morbid obesity rates have continued to rapidly spike—a condition that leads to a range of critical health issues including heart disease, diabetes, and stroke.

Primary care providers have long faced the struggle of determining how to implement best practice care for patients diagnosed with chronic diseases. Recent studies indicate that almost half of the entire U.S. population has at least one chronic health condition—including heart disease, cancer, diabetes, obesity, or arthritis. Statistics designate these health care treatments costs to account for 86% of cumulative national healthcare spending, and the CDC reports that chronic conditions are the leading causes of death and disability in the country.

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Healthcare in the Home: Technology & Patient Care

The increase in human lifespan—currently at an average of 80 years in developed countries—is often attributed to improved medical treatments and technologies, including innovations like the discovery of antibiotics and enhanced care for once-fatal occurrences like heart attacks. Yet advancements in medical technology also impact quality of life, particularly as people age. Many recent breakthroughs have improved seniors’ ability to remain healthy throughout the aging process, while simultaneously improving home care and challenges like overcrowded hospitals and remote populations.

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Speaker Spotlight: Dennis Robbins, M.P.H, Ph.D. | 2017 Conference Chair

Dennis Robbins (M.P.H. Harvard, Ph.D., Boston College) is a prominent innovator, thought leader, and health activist. His distinguished career spans multiple sectors of health, wellness, health care, industry, medical and surgical devices and technology, disruptive innovation, ethics and policy.  His initial work on patient-centric engagement and now person-centricity ™ has stimulated a major paradigmatic shift in how we think about health, healthcare, and next generation engagement across diverse ecosystems.

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Linking Life Expectancy & Innovation

Recent data and statistics demonstrate that overall American life expectancy has dropped for the first time in a decade, spurring an urgent and pressing need for the advent and proliferation of medical technology—coupled with scientific progress and laws to encourage innovation.

While the research points to specific factors that have lowered rates of mortality, including increased obesity, long-term unemployment, and a resurgence of chronic diseases, the studies incontrovertibly suggest the critical need to provide enhanced ‘life-saving and life-prolonging’ therapies and treatments.

There is no specific way to address the divergence of issues regarding lowered life expectancy, but there are particular measures that must be undertaken. These include enacting evidence-based policies that spur innovation, and further eliminating any roadblocks to America’s inventors.

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