mHealth applications like Smart Clinic are seeing a huge growth spurt in recent years. In fact, data released just last week in the Mobile Healthcare (mHealth) Bible suggests total revenue is forecast to reach $15 billion in 2015.
There are many reasons so many of these applications will be successful. Most importantly, they can help the general population be more engaged in their own health. By being proactive and educated about health issues in general, patients will live a healthier quality of life.
Patients will also have new access to tools that help them follow instructions from their health providers ranging from taking medication to being prepared for surgical procedures. There are many studies that correlate patient compliance to improved outcomes. In fact, poor medication adherence alone costs the U.S. approximately $300 billion annually.
Its been proven that patients who are more engaged in their health and are compliant with treatment are less costly to the healthcare system. Consider that 75% of all healthcare dollars are spent on patients with one or more chronic conditions, including diabetes, obesity, heart disease, and cancer. Many of these can be managed much more effectively when patients are better engaged in their health.
So with mHealth applications like Smart Clinic focusing on improving outcomes through better engagement and compliance, we have the potential to see a reduced cost burden on our country helping patients, providers and payors.
Since such a significant percentage of all health care spending in the U.S. is wasted because of poor compliance and other factors, were convinced mHealth will make a huge difference in the coming years. Technology is already reshaping our industry and we are excited to see what the future holds!
Smart Clinic provides a simple, inexpensive method of tracking patient compliance and can enhance patient care and communication within your organization. Schedule a live demo today!