Digital Health Industry Report

Delivering Quality Healthcare to the Digital Home

Healthcare costs have been increasing at double-digit rates over the past ten years and will account for almost 16% of U.S. GDP in 2005. As 76 million baby boomers enter retirement age in the next 15-20 years, the demand for healthcare products and services will rise significantly. Further, many factors threaten the delivery of quality healthcare services, including a record budget deficit, a national shortage of skilled nurses, and a disintegrating healthcare system prone to human errors.

Delivering Quality Healthcare to the Digital Home is a comprehensive industry report analyzing the emerging technologies and their applications in the healthcare industry. It focuses on products and services that help consumers manage their chronic disease states at home through advanced communication tools, self-diagnostic devices, and home-monitoring appliances. The report also examines incentives, regulatory and reimbursement issues, and the drivers and barriers for the implementation of home-based care services. Finally, the report profiles emerging players and offers a future roadmap for this industry.

“With the recent advances in healthcare technologies and improvements in communications infrastructure at home, home healthcare could evolve from a sporadic practice today to a mainstream care delivery model in the next 5-10 years,” said Harry Wang, research Analyst at Parks Associates. “New home-based healthcare services will be consumer-centric and technology driven, and if these trends continue, we may be on the verge of finding a good solution to reduce healthcare costs while improving overall care quality.”

Download PDF of Table of Contents

About the Sections:

The Bottom Line is a concise, executive-level summary of the current state of the market, evolutionary path, and the implications for companies doing business in this space.

The Resource Book contains a wealth of consumer survey data and company profiles—a must-have reference for product/market planning.

 

The Bottom Line

1.0 Notes on Methodology
   1.1 Consumer Data
   1.2 Definitions
   1.3 Scope of Report

2.0 Digital Home Health: Myth Unpeeled
   2.1 Overview of U.S. Healthcare Industry
   2.2 Defining Digital Home Health
   2.3 Key Applications and Services

3.0 Digital Home Health—Consumer Perspectives
   3.1 Targeted Consumer Segments
   3.2 Technology Infrastructure and Device Ease of Use
   3.3 Service Quality and Patient Compliance
   3.4 Privacy and Security
   3.5 Service Costs and Reimbursement

4.0 Digital Home Health—Care Provider and Payor Perspectives
   4.1 Adoption of Healthcare IT and System Integration
   4.2 Manage Chronic Diseases and Rein in Healthcare Cost
   4.3 Service Eligibility and Reimbursement Policies
   4.4 Medical Liability Issues

5.0 Government Policies and Legislature Actions
   5.1 Government-sponsored Digital Health Initiatives
   5.2 Medicare and Medicaid Spending and Policies
   5.3 Government Regulations and Healthcare Legislations

6.0 Industry Snapshot
   6.1 Current Adoption of Digital Home Health Services and Major Players
   6.2 Industry Evangelists and Potential New Entrants
   6.3 Summary of Market Drivers and Adoption Barriers

7.0 Roadmap for the Future
   7.1 Impact of Technology on Digital Home Health
   7.2 New Care Delivery Models
   7.3 Trends in Public-Private Partnerships
   7.4 Prospects of Solving the Reimbursement Issue
   7.5 Forecast of Demand for Digital Home Health Services
   7.6 Market Implications
 

Figures from the Bottom Line

U.S. Healthcare Delivery System
Poor Quality of Care Leads to Preventable Complications or Deaths
An Ecosystem for Home Healthcare Management
Examples of Monitoring Devices and Their Applications
Senior Citizens and Baby Boomers’ Adoption of Internet Access
Senior Citizens’ and Baby Boomers’ Adoption of Home Network Technology
Telemedicine Applications’ Clinical Outcomes
Preference of Payment for In-home Care Monitoring Services
The Federal Government’s Telehealth Funding Initiatives
Medicaid Telemedicine Reimbursement Policies
Key Government Legislation and Regulations
In-home Clinical Care Monitoring Service Providers
Estimates of Current Size of In-home Care Monitoring Market
Industry Heavyweights and Potential Entrants
Summary of Market Drivers and Barriers
Forecast of Demand for Digital Home Health Services in the U.S. (2005-2010)

 

The Resource Book

Section I: Review of Consumers’ Readiness for Digital Home Health Services

Section II: Telemedicine, Healthcare Informatics, & e-Health

Section III: Technology Overview
   Universal Serial Bus (USB)
   HomePNA
   HomePlug Power line Alliance Technology
   Wi-Fi® (IEEE 802.11a/b/g)
   Ultra-Wideband (IEEE 802.15.3a)
   ZigBee (IEEE 802.15.4)
   Sensor Technologies

Section IV: Healthcare Costs and Financing

Section V: Digital Health Initiatives from Public and Private Sectors

Section VI: Legislations and Reimbursement Policies

Section VII: Company Profiles—Technology Vendors and Telemedicine Providers
   AMD Telemedicine, Inc.
   American TeleCare, Inc.
   Cardiocom
   Eastman Kodak Co.
   GE Healthcare
   Health Hero Networks, Inc.
   Healthsense
   Honeywell HomMed LLC.
   Intel Digital Health
   Living Independently Group, Inc.
   Lusora Inc.
   Medem Inc.
   MedivoxRx Technologies Inc.
   Philips Medical Systems
   Relay Health
   RMD Networks, Inc.
   Sensitron Inc.
   Viterion TeleHealth LLC
 

Figures from the Resource Book

Fundamental Changes in Care Delivery Model
Internet Penetration of Seniors, Baby Boomers and Generations X & Y
Type of Internet Access by Seniors, Baby Boomers and Generations X & Y
Household Penetration of Home Networks among Different Age Groups
Type of Home Network Technology Used by Different Age Groups
CE Device Ownership Among Seniors, Baby Boomers and Generations X & Y
Usage of CE Devices among Seniors, Baby Boomers and Generations X & Y
Usage Frequency of Online Services
Frequency of Looking up Health Related Topics on the Web by Age
Frequency of Connecting Medical Device or Peripherals to Computer
Appeal of Digital Home Health Services to Consumers by Age Group
Comparison of Services Concept Appeals between Health-Conscious and Non-Health Conscious Consumers
Gender Differences in Appeal of Digital Home Health Services
Preference of Payment for In-home Health Monitoring Services
Comparison of Payment Preference between Seniors and Baby Boomers
Comparison of Payment Preference between Men and Women
Preferred Payment Methods Crossed by Income Levels
Reasons for Slow Adoption of IT in the Healthcare Industry
Characteristics of Ultra-wideband (IEEE 802.15.3a)
Features of UWB
Medicare Demonstration Projects Using Home Monitoring Services
State Medicaid Reimbursement Policies for Telemedicine Services

 

Attributes

Authored by: Harry Wang
Executive Editor: Kurt Scherf
Published by: Parks Associates

© February 2006 Parks Associates
Dallas, Texas 75230

All rights reserved. No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher.

Printed in the United States of America. 

Disclaimer
Parks Associates has made every reasonable effort to ensure that all information in this report is correct.  We assume no responsibility for any inadvertent errors.

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