Healthcare costs for providers (Hospitals, Clinics, Imaging, and Surgery Centers) are rising and projections point to a future shortage of clinical caregivers. Rising costs stem from multiple factors which include increasing costs of technology, introduction of new technology, aging facilities forcing new construction, acquisitions of community hospitals which includes health systems, and most importantly recognizing a shift from reactive care to value-based care driven by reimbursement rules and regulations. The future state of a shortage of caregivers is simply a larger proportion of aging caregivers retiring or leaving early versus a lower volume of healthcare workers entering the market.
Patient Healthcare costs are also on the rise. Insurance and the cost of care has and will continue to increase yearly. With this continuous rise, the cost of life going untreated is high specifically in underserved communities facing vast disparities in healthcare access. As a result higher rates of conditions such as heart disease, diabetes, and COVID-19. Publications report that this deficient care induces an estimated $93 billion in extra medical care costs and $42 billion in lost productivity yearly.
For low acuity departments that traditionally do not have technology that captures continuous vital sign data, the VivaLink Digistat solution offers a low cost scalable solution. Advancements in technology allow our devices to transmit the sensor biometric data via bluetooth to edge devices while utilizing hospital wifi to send the data to the cloud for Digistat decision support tools. This allows healthcare providers to avoid costly hard wired networks for expensive traditional bedside monitoring devices. Having continuous biometric data becomes a standard practice in low acuity environments and underserved patients.
Utilizing the Vivalink sensor fleet, Ascom Digistat software collects multiple data points to build a representation on whether a patient is recovering or deteriorating. Each patient will have a suite of devices on their anatomy for near real-time continuous data capture. With multiple avenues of near real-time continuous data captured on a consistent basis, Digistat collects and consolidates the various vital data points to give caregivers superior insights on trends so patient deterioration can be attended to in a timely manner.