Report Finds That Use of Remote Health Has Grown Significantly

A recent survey conducted in the second quarter of this year by Parks Associates has found that more than one-half of broadband households own an internet-enabled fitness or health device that records biometric data, with another two-thirds revealing that they have undergone remote health consultation. The survey, which involved 5,000 broadband households in the United States was conducted by Parks Associates, a market research and consulting firm that specializes in emerging consumer technology products.

Parks Associates senior analyst Kristen Hanich stated that the overall familiarity with telehealth had assisted in driving the connected health device market. Hanich noted that there was a strong link between wanting the benefits of connected health, such as remote monitoring and remote diagnostics, and the familiarity with telehealth.

The firm recently hosted a virtual session on the influence of artificial intelligence on connected health. It featured Musical Health Technologies chief clinical officer Andy Tubman and the founder and CEO of b.well Connected Health Kristen Valdes, who participated in an executive Q&A session. In addition to this, there was an interactive panel comprised of Biofourmiss COO Jaydev Thakkar, JVION chief product officer John Showalter, Valencell co-founder and president Dr. Steven LeBoeuf, Nuance general manager of diagnostics and senior vice president Karen Holzberger, Optum technology fellow and senior vice president Kerrie Holley and AHA Health’s chief commercial officer Jeff Cutler.

Valdes explained that precision engagement and artificial intelligence were transforming the lives of patients into connected consumers who were taking control of their health records. She added that acquiring a 360-degree view into the health journey of every consumer was now a requirement in value-based care.

On the other hand, Holzberger stated that delivering the benefits of connected health needed a holistic view on how to use artificial intelligence and data in order to enhance patient outcomes and healthcare experiences. Holzberger also noted that the Connected Health Summit was a good opportunity to explore how various approaches would allow pharmaceutical and medical device developers, artificial intelligence, payers, health systems and providers to collaborate in actualizing personalized, precision medicine.

Additionally, Showalter stated that it was important to understand patient vulnerability as virtual care models were evolving. He explained that this included vulnerabilities such as connectedness, social supports, health literacy, activity level and lifestyle choices, noting that artificial intelligence not only brought all these pieces together but also revealed any factors that would enhance a patient’s health outcome if they were addressed.

With companies such as RYAH Group Inc. (CSE: RYAH) investing in availing technologies that facilitate the switch to telehealth, it may not be long before virtual health becomes as commonplace as in-person visits to healthcare facilities.

NOTE TO INVESTORS: The latest news and updates relating to RYAH Group Inc. are available in the company’s newsroom at https://ibn.fm/RYAH

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