The news: Remote patient monitoring (RPM) company Life365 partnered with Microsoft Cloud for Healthcare to help providers and payers scale their hospital-at-home efforts to larger populations at lower costs.
How Life365 works: Its virtual care platform integrates data from RPM devices into a health monitoring portal for clinicians, who can then review health data to make prompt clinical decisions and connect with patients virtually if needed.
Zooming out on the telehealth and RPM markets: The pandemic-induced digital health boom drove a higher need for hospital-at-home solutions—now, they’re primed to have a permanent seat in the future of healthcare.
What’s next? Hospital-at-home market competition is becoming fierce as larger digital health players eye the budding market opportunity.
Ever since the CMS established its Acute hospital-at-home initiative (which enabled reimbursement for RPM-enabled virtual care at home programs), the floodgates for hospital-at-home solutions bursted.
To add, over a dozen major health systems (like Kaiser, Ascension, and Intermountain) banded together with some health tech companies (like Amazon Care and DispatchHealth) to lobby for permanent reimbursement for home healthcare—something that’ll only continue to roll the ball forward for hospital-at-home solutions.