The Growing Value of Digital Health

Tips & Tricks

Anastasiia Kholodna

May 3, 2018, 1:55 p.m.

The term digital health refers to the use of digital technologies to solve health problems, namely mobile devices, user-wearable sensors, biosensors, virtual home-helpers and others.

More than 318,000 mobile health applications and 340 user-wearable devices are now available worldwide. The importance of these tools for human health and the health system is still increasing.

Digital health software can be divided into two main categories:

  • wellness-oriented apps/services that facilitate tracking and lifestyle modification, helping to manage stress level, diet and physical exertion
  • interactive digital technologies that focus on health management which provide information on diseases and medications, the current status of the patient, provide access to medical information and assistance, include reminders for taking medications, etc. In the category of mobile apps that support and manage specific diseases, the top 5 therapeutic areas include mental health problems, diabetes, cardiovascular diseases, nervous system disorders and musculoskeletal disorders

What impact does technology have on health care costs?

In 2007, one of the largest research centers in the United States, the Milken Institute (www.milkeninstitute.org), conducted an analysis of a number of the most common diseases. During which it became clear that the losses of the American economy, related to the reduction in the ability to work of sick people, far exceed the actual costs of treating these pathological conditions.

However, in 2030 the picture will be different. First of all, due to the fact that before this time, large-scale state investments will be carried out in the sphere, the sources of which will be tax increases and increase in the sums of simple health insurance.

How companies can reduce healthcare costs?

Companies that are serious about reducing healthcare costs and improving health and well-being of their employees should seriously consider digital therapy that can provide effective, affordable ways to prevent and treat chronic diseases and their consequences.

Health cost solutions

It was estimated that the use of digital health tools from 5 categories - diabetes prevention, control of diabetes and bronchial asthma, rehabilitation of patients with cardiovascular and pulmonary diseases - could save the US healthcare system about 7 billion dollars per year by reducing the need for emergency medical care and hospitalization of patients.

Do you have an idea about how your healthcare solution can help people and save their lives? Feel free to contact our team in order to get tech consultation and further software development.