December 13-15, 2018

MedTech Impact 2018

Venetian/Palazzo Resort

Las Vegas, NV

(561) 893-8633

info@medtechimpact.com

Tag Archives: Chronic Disease

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.

Yet the past decade has seen the advent and proliferation of digital health technology, spurring the generation of new techniques and strategies for healthcare professionals to utilize in chronic disease management. These types of technology vary in terms of accessibility and usability, but include remote monitoring, mobile health apps installable on phones, and wireless wearables—which serve as activity trackers.

A series of interviews conducted by Medical News Today demonstrate a bright future for the potential of new technology, and its ability to spur and provide high-quality care. Suzanne Falck, MD, an associate professor of internal medicine at the University of Illinois College of Medicine, noted that a highly successful digital tool is currently in use for the management of heart failure: an implanted sensor immediately transmits data to a healthcare practitioner, who then analyzes the data in order to make medical recommendations. Further clinical trials and studies indicate that remote monitoring is more cost-effective than traditional, conventional management.

Moreover, the burgeoning popularity of medical apps signifies that mobile technology can make a hugely positive impact on chronic disease management. There are currently approximately 259,000 medical health apps available to purchase; over half are aimed at targeting consumers with chronic conditions. Clinical trials have repeatedly shown that patients with type 2 diabetes who utilized an app to monitor their blood glucose levels showed greater benefits than those who did not. A recent article in Diabetes Technology& Therapeutics states that the prognosis in patients with diabetes is ‘strongly influenced by the degree of control of their disease,’ which reinforces the effectiveness of self-management support through mobile apps.

Another innovative and exciting development is wearable technology and devices, which are currently being studied in a variety of clinical research settings. Many healthcare providers believe that the ‘potential of this technology is endless,’ as they can improve access to care while simultaneously enhancing convenience—and likely patient compliance.

Most importantly, being conscious of medicinal needs and treatments requires a consistently high level of responsibility and awareness. Healthcare experts urge patients to take active, informed roles in managing their health: online workshops have been developed to offer chronic disease self-management programs, which have been proven to significantly improve health statuses. Moreover, healthcare practitioners and professionals must collectively work together and utilize the new landscape of digital medical technology to their patients’ benefits.

Fitbit Addresses Diabetes Management

A recent article in Harvard Business Review details the ways in which digital health care can help prevent chronic diseases like diabetes. One of the most expensive and rampant chronic diseases, treatment for diabetes exacts a staggering cost of $245 billion each year, with an estimated 30.3 million people affected.

A number of digital health interventions can be used to address chronic conditions like diabetes, with the ultimate goals of reducing costs, improving patients’ involvement in their own care, and mitigating the overwhelming burden of chronic diseases in the U.S. Most recently, Fitbit has demonstrated its interest in addressing diabetes management, forming partnerships with medical device giant Medtronic and DexCom.

Fitbit CEO and Chairman James Park states that these collaborations have involved the integration of data streams from connected glucose monitors into Fitbit’s data streams, and then displaying that data on Fitbit’s app. “For a lot of people managing their diabetes, access to that data has traditionally been very difficult so just being able to have that data be able to merge into other data streams and be available in real time is an advancement for people with diabetes.”

Bryan Boda, Head of Business Development at Fitbit Health Solutions, is a featured speaker at the upcoming MedTech Impact conference. Our lineup of speakers will collectively explore the latest technologies, products, and services that can track patient progress, assist with diagnoses, prevent and manage disease, and improve overall patient care.