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The Shift from Treatment to Prevention: A Drive towards Cutting Healthcare Costs
Date:1/23/2013

t may be more costly in the future if healthcare providers choose not to adopt these preventative technologies, many do not have the available funds needed to purchase such technologies at high initial investment costs. Also, patients are unaware of the effectiveness of both patient education systems and remote monitoring devices, hindering the progress of preventative technologies.

"Everyone involved in healthcare must realize that disregarding more cost-effective and efficient delivery of healthcare can potentially bankrupt many states," said Frost & Sullivan Senior Industry Analyst Aarti Shetty .  "This also creates heavy financial burdens for the federal government, while jeopardizing the overall quality of care."

Physicians must adapt their mentality to realize that prevention is an important component of healthcare, as it reduces the need for diagnosis, treatment and therapy. However, unless healthcare providers are reimbursed for their use of such technologies, there will be a slow movement in the preventative technologies market.

"With the availability of preventative services such as patient education systems, wellness programs, and remote monitoring devices, consumers can begin to establish better health through improved lifestyle habits," concluded Shetty.  "An increased adoption of preventative technologies promoting healthier tendencies can help lower overall costs by decreasing the number of needed consumer healthcare services in the future."

Since today's patients with chronic diseases desire to maintain their independence from hospital care and be more engaged in managing their illnesses, the demand for remote monitoring devices has increased. Growth in this segment of the population expands the market base for preventative technologies, one step at a time.

Shifting Toward Preventative Healthcare Models in the United States is part of the Advance
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SOURCE Frost & Sullivan
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