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Research and Development (R&D) in Remote Patient Monitoring (RPM)

Posted on October 17, 2022

What is Remote Patient Monitoring?

With the help of the most recent developments, remote patient monitoring collects patient data outside of conventional healthcare settings. This platform, which closely resembles the smartphones and tablets that are so popularly used by people of all ages, including the elderly, uses technology in a way that encourages patients to take an active role in managing their own health.

Naturally, feeling comfortable makes them more engaged, and by making patients more engaged, remote patient monitoring can enhance the quality of the care provided. Patients are encouraged to take a more active role in their own health, and clinicians are better equipped to comprehend and manage their patients’ medical conditions thanks to a more continuous flow of data that paints a much clearer picture of their health.

Health and well-being of patients as well as the effectiveness of our healthcare services are the main goals of healthcare R&D. R&D Tax Credits will probably be available to you if you have sought to close a healthcare service gap by trying to develop new or change existing products, services, or procedures. If you think you’re innovating then don’t hesitate to get in touch – you might be missing out on thousands. 

Differences Between Telehealth and Remote Patient Monitoring

Although the terms telehealth and remote patient monitoring are frequently used synonymously, they do not necessarily mean the same thing. Telehealth refers to the use of remote technologies to deliver healthcare, health information, and health education services. A smartphone, a phone, or anything else that might be able to aid healthcare personnel’s contact with patients is all included in the much broader phrase “telehealth,” which refers to the complete technique, industry, and technologies that enable distant healthcare. As opposed to remote patient monitoring which is a subset of telehealth that is centred on collecting and using patient data for particular clinical procedures.

Benefits of Remote Patient Monitoring 

Remote patient monitoring improves access to childcare

When a patient needs assistance, RPM enables them to contact their healthcare provider. It can also be applied to people who have issues with their behaviour, health, or eating. All of this promotes better patient outcomes, prevents needless trips to A&E, and increases a patient’s pleasure and access to care.

Remote patient monitoring provides continuity

When an in-person visit is not possible, remote care managed by the medical home can Remote care can increase access to both primary and specialised treatment for children when an in-person visit is not practical. The reach of paediatric medical subspecialists and surgical specialists can be increased through follow-up care and monitoring of conditions in the context of subspecialty care, particularly for children who have previously been unable to access care or who have difficulty travelling to a care location due to distance or travel issues.

Remote patient monitoring promotes health equality 

Despite the obstacles, everyone has access to care thanks to the adoption of remote patient monitoring. Remote patient monitoring makes it simpler for patients to stay on track and for more advanced, effective, and patient-centred care management to take place.

Challenges in remote patient monitoring

Remote patient monitoring does come with some difficulties, though. Problems with battery life, optimal portability and compactness, and patient safety—both their data and physical safety—are a few examples. Despite the difficulties, this technology has a huge amount to offer, and the pandemic’s attention has just increased the possibilities for progress in this field. Naturally, there will be a need to remove any barriers to that innovation, which is where R&D Tax Credits come in.

The future of innovation in remote patient monitoring

The success of remote patient monitoring has made it possible for it to remain for the foreseeable future even though the pandemic has subsided and restrictions are at an all-time low. 

Remote patient care will continue to offer:

  • Excellent opportunities for software developers
  • Opportunities for app developers and those making programmes
  • People working in the healthcare industry as well as crucial health resources will gain more possibilities

The true value of remote patient monitoring has yet to be discovered, but as it continues to advance and gain popularity, more and more people are qualifying for R&D Tax Credits, which is of course a crucial source of funding for those working in this field and creating devices in this market. 

Although an R&D tax credit claim can be completed independently, it can get very complicated. Therefore, it is advisable to obtain specialised guidance from Green Jellyfish to guarantee you achieve the greatest advantage and a justified HMRC claim for your healthcare innovations. Click here to contact one of our specialists today!