Dive Brief:
- Digital healthcare will revolutionize the industry, says a new report by Goldman Sachs, by increasing access to care.
- It points to opportunities in several areas: increased access to diagnostic tools (telehealth), treatment (behavior modification) and remote patient monitoring to keep track of high-risk patients (asthma, diabetes, heart disease).
- Analysts say up to $305 billion in savings from digital healthcare is possible in the near future, with $200 billion just from chronic disease management. Also, the market could bring in $32.4 billion in near-term revenues.
Dive Insight:
Report authors expressed surprise at the overall "general willingness to explore digital health as a viable component in daily healthcare practice."
"We came across a number of large integrated delivery networks using remote monitoring and telemedicine to drive patient compliance, monitor developing conditions and adjust treatment paradigms," they wrote. "These findings gave us confidence that digital health technology carries merit and is starting to find a place in larger systems, which could percolate throughout the system in the future."