Feature | February 20, 2014| Holly Ingram, analyst for IHS Technology

How Healthcare Providers Can Cut Cardiology Expenditures

Heath IT can improve efficiency

Cardiac PACS Information Technology IT

February 20, 2014 — Healthcare expenditure has been increasing throughout the last decade, and is beginning to become unmanageable. The American Heart Association has estimated that, in 2010, spending on cardiovascular disease (CVD) reached $273 billion dollars; a figure expected to rise with an increasing burden of disease. High healthcare expenditure is rooted in inefficient healthcare systems. Both physician’s and nurse’s time is taken up with administrative tasks and analysis of patient data through multiple appointments with patients over the course of their treatment, reducing the time they have available for valuable patient care.

As a result, there are numerous initiatives designed to reduce healthcare expenditure, including using healthcare IT to improve efficiency, and cost-effective medical devices such as remote cardiac event monitors.

Cardiac event monitoring is a form of remote monitoring used to identify arrhythmias and silent myocardial infarction. The device, fitted by a physician, allows patients to remotely transfer information for up to 30 days, either back to their physician or to a central center for patient monitoring. These devices are the answer to many hospitals’ problems of too few beds, not enough staff and an increasing number of CVD patients. Remote data transfer saves time for the patient and reduces the time physicians spend aggregating and analyzing data, increasing productivity and return-on-investment per patient.

The United States is currently the biggest user of remote monitoring, with spending in this market estimated at $699.6 million in 2012 (including compulsory services), according to IHS. Physicians here recognize the benefits of remote monitoring in its efficiency, ability to transfer patient data for central analysis and the lack of face-to-face follow ups required unless necessary.

Despite the merits of this technology, Holter ECG monitoring is still preferred in the United States due to the lack of costly 24 hour analysis required by reimbursement policies, as seen with event monitoring. This has limited growth potential in the U.S. market. In Western Europe, the use of event monitoring is far less than in the United States, despite a similar drive to save costs and boost efficiency. Incomplete reimbursement, costly supporting infrastructure and security of patient data during transfer are obstacles that must be overcome for remote monitoring to become widely used.

The idea behind this type of monitoring in cardiology is not a new one. However it has not had the impact that was expected. Other areas of healthcare have been prioritized where the return-on-investment is seen more quickly; with remote monitoring, the return on investment may not be seen for years due to necessary investment in supporting infrastructure. With limited healthcare budgets and a number of market inhibitors, there is little focus on implementing remote cardiac monitoring as standard outside the United States.

However, increasing CVD incidence is seen globally, and will require more diagnostic testing, with more patients filling hospital beds, further increasing the burden on hospitals. Despite the seemingly stalwart barriers to the widespread use of remote cardiac monitoring, demand is there and is growing. With easing healthcare budget restrictions, improving economies and the increasing burden of a disease that still plagues developed nations, the advantages of remote monitoring are becoming increasingly attractive.

For more information: www.ihs.com

Related Content

Siemens Healthineers Launches Next Generation of syngo Dynamics at ACC 2018
Technology | Cardiac PACS | March 09, 2018
March 9, 2018 — At the American College of Cardiology’s 67th Annual Scientific Session and Expo, March 10-12 in Orlan
The Lumedx cardiovascular information system (CVIS or CPACS) offers integration of data from across the cardiovascular service line into one location.

The Lumedx CVIS is an example of a system that can integrate data from across the cardiovascular service line into one location and eliminate disparate silos of information. 

Feature | Cardiac PACS | February 19, 2018 | Dave Fornell
For any cardiology department planning to upgrade its cardiovascular picture archiving and communication system (...
WVU Medicine has deployed ScImage’s PICOM365 Enterprise PACS cardiovascular information system.

WVU Medicine has deployed ScImage’s PICOM365 Enterprise PACS at the Heart and Vascular Institute for integration throughout the entire WVU Medicine infrastructure which is anchored by a 645-bed academic medical center and includes four community hospitals, three critical-access hospitals and a children’s hospital. 

Sponsored Content | Case Study | Cardiac PACS | December 15, 2017
West Virginia residents experience disproportionately high instances of cardiovascular disease in comparison to other
News | Cardiac PACS | November 22, 2017
Lumedx Corp. will present the latest in cardiovascular (CV) imaging, data management and next-generation analytics...
Philips IntelliSpace cardiovascular information system (CVIS)

The Philips IntelliSpace is an example of the newer generation of cardiovascular information systems (CVIS) that can consolidate all cardiology department data sources into one location.

Feature | Cardiac PACS | October 04, 2017 | Dave Fornell
Consolidation of data in one location to improve efficiency and enable data analytics, as well as smooth integration
Medical Metrics Taps Digisonics Cardiovascular Information Systems for Clinical Trials
News | Cardiac PACS | October 03, 2017
October 3, 2017 – Medical Metrics, an experienced core laboratory for multi-center clinical trials, has implemented t
ScImage and Invia Partnership Announced
News | Cardiac PACS | September 19, 2017
ScImage Inc. and Invia Imaging Solutions recently announced formation of a joint partnership at the American Society of...
The Centricity Cardio Enterprise (CCE) Interactive Guide offers information on GE's cardiovascular information system (CVIS)
News | Cardiac PACS | July 28, 2017
July 28, 2017 — GE Healthcare has released the eight-page...
WVU Medicine Deploys Enterprise PACS from ScImage
News | Cardiac PACS | July 24, 2017
ScImage Inc. recently announced West Virginia University Health System has partnered with ScImage to utilize ScImage’s...
Memorial Hospital of Gulfport used a McKesson, Change Healthcare, cardiovascular information system (CVIS) to improve workflow efficiency

Memorial Hospital has increased efficiency using a single cardiovascular information management database. 

Case Study | Cardiac PACS | May 23, 2017
Located along Mississippi’s Gulf Coast, Memorial Hospital at Gulfport is a nonprofit, 445-bed facility originally est
Overlay Init