They say hindsight is 20/20, but in the world of healthcare, it’s all about foresight. Given its ability to enable more informed and proactive interventions, it’s no surprise that virtual telemetry has taken center stage. And while it’s not a crystal ball for providers, virtual telemetry does have a compelling role to play in shaping healthcare’s value-based future.

Virtual Telemetry Today, Value-Based Care Tomorrow

Virtual telemetry offers a variety of immediate and compelling benefits for providers—better data, faster diagnoses, greater efficiency, enhanced patient experience, and beyond. But its future benefits are perhaps even more exciting. One of the commonly overlooked advantages of virtual telemetry is its ability to powerfully support value-based care models that represent the future of healthcare. In this blog post, we’ll introduce value-based care and explore virtual telemetry’s supporting role.

Value-based care is a growing alternative to healthcare’s traditional fee-for-service payment model. Instead of paying providers for the quantity of services performed, value-based models incentivize providers on the quality and effectiveness of their care. Many believe that value-based models will become the dominating approach to healthcare reimbursement in the not-so-distant future. However, adapting to value-based models requires operational changes on the part of healthcare providers—and many of these changes can begin today. For healthcare providers who want to make strides in their preparations for value-based care, embracing a powerful virtual telemetry solution is a practical first step.

How Virtual Telemetry Supports the Four Pillars of Value-Based Care

Recently, virtual telemetry and remote patient monitoring have gained momentum and popularity due to their capacity to provide the highly quality and timely monitoring data needed to support virtual care models. But, these technologies are equally instrumental for in-person care. By eliminating the persistent data divide between providers and their patients, virtual telemetry enables more timely and effective clinical interventions. For this reason, virtual telemetry solutions should be considered a central tenet of an effective preparation strategy for value-based models.

As part of the movement to make value-based care a reality, the World Economic Forum (WEF) defined four key pillars to guide providers in their journey. Let’s explore each of these pillars and how virtual telemetry enables them to become a reality.

  • Data and Health Informatics: Because it is inherently tied to evidence of patient outcomes, value-based care demands a comprehensive infrastructure for collecting, sharing, and analyzing data along the full continuum of care. This has driven an uptick in health and informatics solutions among today’s providers, and it has also driven tremendous momentum around data-driven monitoring solutions. By capturing a variety of health metrics in near real-time, virtual telemetry provides the high-fidelity data needed to support value-based care models.
  • Benchmarking and Optimization: In a value-based care reality, standardized benchmarking on risk factors and outcomes is needed to help identify best practices, provide better and quicker treatments, and dramatically reduce inefficiencies. With a virtual telemetry platform, providers can establish a baseline that can be used for benchmarking and optimization.

  • Delivery Organizations and Change Management: Most provider networks are organized around specialties and stages of the care continuum, resulting in knowledge gaps and siloes. As a result of these siloes, incentives for clinicians can sometimes become misaligned. Virtual telemetry breaks down siloes between clinicians by establishing data as the common ground and enabling aligned visibility around key health indicators.

  • Incentives and Payments: Existing healthcare models reimburse providers based on the services they deliver and not necessarily their quality or outcomes. Virtual telemetry is a powerful tool in improving the timeliness and precision of diagnoses and treatments and assessing the impact of interventions on patient health and wellbeing.

Virtual Telemetry’s Impact on Cardiology

Virtual telemetry is becoming the new normal in healthcare specialties like cardiology, and the technology’s growth is far from over. Analysts believe by 2030, the market for remote cardiac monitoring devices alone will rise from $6.48 to $11.49 billion. Virtual cardiac telemetry, in particular, is a powerful foray into value-based care.

One of the most exciting use cases for virtual cardiac telemetry is in preventative care. Cardiovascular risk factors are among the most widespread in the American population. These indicators can be more effectively managed through a robust virtual telemetry solution, which proactively looks for abnormalities and manages health indicators for high-risk patients. This enables providers to take action before a catastrophic health event occurs, effectively reducing costs and improving outcomes.

This bold vision for virtual cardiac telemetry isn’t a distant concept or aspirational end state—it is available for providers here and now. As a unified solution for virtual cardiac telemetry, InfoBionic’s MoMe® ARC provides the continuous, high-fidelity data and AI-assisted analysis needed to support the full range of clinical use cases, enhance the timeliness and precision of cardiac interventions, and simultaneously provide the evidence needed to support value-based care.

Reach out today to learn how the MoMe® ARC Solution can help you prepare for tomorrow’s value-based reality while unlocking powerful benefits today.