Recent data shows that employers are opening their budgets to accommodate the growing trend of adding wearables to employee wellness programs. According to a study by Salesforce, 86% of employers who have adopted wearables plan to increase their spending for the devices over the next 12 months.
According to the data collected over the last 18 months from Fitbit global users, our resting heart rate decreases after the age of 40.
It didn’t take long for Apple to shake up the wearables market. It has just introduced a new feature that will allow Apple watch users to download parts of their medical records to their iPhones.
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.
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.
In 2012, the Center for Disease Control (CDC) indicated about half of all adults (117 million people at the time) had one or more chronic health conditions. By 2014, seven of the top 10 causes of death were chronic diseases, with heart disease and cancer accounting for nearly 46% of all deaths each year. The costliest (86% of the nation’s $2.7 trillion annual health care expenditures) chronic health problems like heart disease, stroke, cancer, type 2 diabetes, obesity, and arthritis, are among the most prevalent, and continue to be on the rise. Considering lack of exercise or physical activity, poor nutrition, tobacco use, and excessive alcohol consumption is linked to most of these diseases – they also are the most preventable and reversible. However, compliance in lifestyle change, monitoring and medication management of chronic disease has proven to be a great challenge for clinicians and patients alike. Thanks to innovations and advancements in technology, this is becoming more accessible and convenient for both patient and clinician. Read More
Leading Sportswear and Healthcare Providers Team up to Launch “Smart Clothing” for an Aging Population
According to the U.S. Center for Disease Control and Prevention, an older adult is treated for falls in emergency rooms across the country every 11 seconds. Every 19 minutes, an older adult dies from a fall. Stats show more than 800,000 65-or-older Americans suffer from falls each year, not only leading to hospitalizations and further safety concerns, but increasing healthcare costs for individuals and institutions alike. With the 65+ population expected to rise from 46 million today, to 98 million plus by 2060, the safety concern isn’t going to go away and costs are sure to increase.
The market of wearable medical technology is one of the most rapidly growing and advancing sectors in the global marketplace, now comprised of devices that have the potential to alter and enhance lifestyle, provide diagnostic and therapeutic support, and aid in injury prevention. With new evolving and transforming models in healthcare, these devices pave the way for new alternatives to traditional ways that practitioners & providers have collected data, performed diagnostic tests, and interacted with patients.