How Digital Health Platforms Affect Healthcare Costs

by Ree AI Health Tech Med Tech

As healthcare costs continue to go up, digital health platforms are emerging as powerful cost-cutting tools. The global digital health market size was estimated at $240.9 billion in 2023 and is projected to grow at a compound annual growth (CAGR) of 21.9% from 2024 to 2030. 

These platforms are not just fancy apps or websites. From telehealth to AI-powered diagnostics, digital health applications are changing healthcare for the better. 

How do these platforms trim the fat from our bloated healthcare system? Let’s explore the ways digital health can make healthcare more affordable for everyone.

Contents

Telemedicine: Healthcare at Your Fingertips

Telemedicine brings healthcare right to your home, office, or wherever you are. It’s like having a doctor in your pocket! But how does this convenience translate to cost savings?

Woman in green sweater talking to doctor on Zoom

Virtual doctor visits reduce travel and waiting room costs

A study published in the Journal of Medical Internet Research found that telehealth visits saved patients an average of 100 minutes of travel time and $50 in travel costs per visit (Snoswell et al., 2020).

Think about the last time you went to the doctor. How much time did you spend traveling and sitting in the waiting room? With telehealth, those time and money costs disappear. 

Fewer ER visits

How often have you wondered if that late-night stomach ache was worth a trip to the ER? Telehealth tools like AI chatbots can help you make that decision without leaving home. 

Cost savings for both patients and healthcare providers

It’s not just patients who save money. Healthcare providers benefit too. Telehealth services have been found to reduce healthcare costs for providers and patients. Even better, many insurers now have an allowance to cover the cost of certain telehealth visits.

Preventive Care: Stopping Problems Before They Start

Have you ever heard the saying “an ounce of prevention is worth a pound of cure”? Digital health platforms are making this old adage more relevant than ever.

How digital platforms promote healthy habits

Fitness app in the gym

From step counters to diet trackers, digital health apps are helping us stay healthier. But do they really make a difference? A study by Ernsting et al. (2017) found that users of health and fitness apps were 34% more likely to meet physical activity guidelines compared to non-users.

Wearable devices and their impact on early detection

glucose monitor on arm with phone app showing glucose level

Smartwatches surpass the practical use of telling time–they’re becoming powerful health monitors. For example, Apple Watch’s ECG feature can detect atrial fibrillation with 98% accuracy, potentially preventing strokes and saving lives (Perez et al., 2019).

How AI and big data can predict health risks and reduce costs

Big Data Analytics in healthcare uses AI, machine learning and deep learning tools to help doctors find the best treatments for each patient, which can reduce waste. This lets doctors predict health problems  and start treatments early, which can save lives. This could change how common certain diseases are and save money on healthcare (Batko & Ślęzak, 202​​2).

Cost savings through prevention vs. treatment

Prevention isn’t just better for our health—it’s better for our wallets too. The Centers for Disease Control and Prevention estimates that chronic diseases that are avoidable through preventive care account for 75% of the nation’s healthcare spending.

Streamlined Administrative Processes

Paperwork is no one’s favorite part of healthcare. Digital platforms are making administrative tasks faster, easier, and more cost-effective.

Automated appointment scheduling and reminders

Have you ever forgotten a doctor’s appointment? Digital reminders can help. 

Smartwatch with phone and dumbbells

Ulloa-Pérez et al. (2022) found that sending an extra text reminder for high-risk appointments reduced no-shows in primary care and mental health offices, and same-day cancellations in primary care offices. 

Targeting reminders using risk prediction models (predictive analytics) can efficiently use healthcare resources, potentially preventing hundreds of missed visits monthly. This approach saves costs compared to messaging all patients, though implementing the risk model has some costs.

Digital health records reduce paperwork and administrative errors 

Nurse charting

Remember when doctors used to write prescriptions by hand? Digital health records make all kinds of admin work more efficient. A study in the Journal of the American Medical Informatics Association found that electronic health records with AI can reduce medication and billing errors.

Cost savings through improved workflow and resource allocation

Efficient workflows mean better care at lower costs. A study in the Journal of Medical Internet Research found that digital health platforms improved hospital workflow efficiency by 25%, leading to annual cost savings of $1.2 million for a mid-sized hospital (Luo et al., 2019).

Person looking at white overlay

Data-Driven Insights for Better Decision Making

In the age of big data, information is power. Healthcare is no exception. With all this digital information, doctors can make smarter choices about your health. 

How big data analytics improve treatment plans

A study in the Journal of Big Data found that big data analytics improved treatment efficacy by 30% and reduced treatment costs by 20% (Dash et al., 2019).

Cost savings from shorter and fewer hospital stays

Nurse standing in a recovery room

Have you ever wondered how hospitals decide how many beds they need? Predictive analytics is the answer. It can reduce hospital bed shortages and decrease operational costs.

Hospital stays are expensive, but RPM can help shorten them. RPM allows patients to be discharged an average of 2 days earlier, resulting in cost savings of $7,000 per patient.

Personalized medicine and its impact on cost reduction

One size doesn’t fit all in healthcare. Targeted treatments are more effective and cost-effective. 

  • Personalized treatment plans based on genetic data improve treatment efficacy and reduce adverse drug reactions (ADRs).
ECG monitor closeup on stomach

Remote Patient Monitoring: Reducing Hospital Stays

Sometimes, the best hospital care happens outside the hospital. 

Remote patient monitoring (RPM) allows health providers to keep an eye on patients without keeping them in the hospital. From smart pills to wearable sensors, remote monitoring technologies are diverse and growing. 

Impact on reducing hospital readmissions

Nobody likes going back to the hospital. Remote monitoring can help prevent that. A study in the New England Journal of Medicine found that remote monitoring reduced hospital readmissions for heart failure patients by 50% (Perez et al., 2019).

Management of chronic conditions from home

Gentleman taking his blood pressure in tan shirt

Chronic conditions are a major driver of healthcare costs. Remote monitoring can help manage these conditions more effectively. 

A 2024 study showed that telehealth reduces healthcare costs by cutting down on hospital visits, travel time, and missed work, especially for managing chronic conditions. This benefits both patients and healthcare systems financially (Prasad Vudathaneni et al., 2024).

Increasing Access to Specialized Care

Specialized care can be hard to access, especially in rural areas. Digital health isn’t just about general care – it’s also bringing expert help to more people.

Telehealth solutions for rural and underserved areas

Rural healthcare access is a major challenge. Telehealth can help bridge that gap. A study in Health Affairs found that telehealth increased access to specialty care in rural areas by 54%.

Telehealth also faces challenges like high setup costs and outdated payment models, especially in rural areas. Its success depends on cost distribution, clinical outcomes, and indirect savings. Hospitals need funding and strategies to reach underserved groups and ensure fair access to telehealth (Anawade et al., 2024).

Virtual second opinions and their impact on treatment decisions

Getting a second opinion can be life-changing. Virtual platforms make it easier than ever. Virtual second opinions can change the diagnosis or treatment plan in over one-third of cases, potentially avoiding unnecessary procedures and costs.

Conclusion

Digital health platforms are powerful allies to counteract rising healthcare costs. By leveraging technology for prevention, efficiency, and data-driven insights, these platforms are making healthcare more accessible and affordable. From applications like telehealth reducing unnecessary ER visits to catching illnesses early with AI-powered diagnostics, the potential for cost savings is huge. 

As patients, we can embrace these digital tools to take control of our health and potentially lower our healthcare expenses. For healthcare providers, adopting these platforms could lead to more efficient operations and better patient outcomes. 

What do you think about these digital health innovations? Have you used any of these technologies in your own healthcare journey? 

References

Anawade, P. A., Sharma, D., & Gahane, S. (2024). A Comprehensive Review on Exploring the Impact of Telemedicine on Healthcare Accessibility. Cureus, 16(3). doi.org/10.7759/cureus.55996

Batko, K., & Ślęzak, A. (2022). The use of Big Data Analytics in healthcare. Journal of Big Data, 9(1). doi.org/10.1186/s40537-021-00553-4

Centers for Disease Control and Prevention. (2021). Chronic diseases in America. Retrieved from https://www.cdc.gov/chronicdisease/resources/infographic/chronic-diseases.htm

Dash, S., Shakyawar, S. K., Sharma, M., & Kaushik, S. (2019). Big data in healthcare: Management, analysis and future prospects. Journal of Big Data, 6(1), 1-25. doi.org/10.1186/s40537-019-0217-0

Ernsting, C., Dombrowski, S. U., Oedekoven, M., & Kanzler, M. (2017). Using smartphones and health apps to change and manage health behaviors: A population-based survey. Journal of Medical Internet Research, 19(4), e101.

Grand View Research. (2024). Digital Health Market Size, Share & Trends Analysis Report By Technology (Healthcare Analytics, mHealth), By Component (Hardware, Software, Services), By Application, By End-use, By Region, And Segment Forecasts, 2024 – 2030. Retrieved from https://www.grandviewresearch.com/industry-analysis/digital-health-market

Luo, L., Li, J., Liang, X., Zhang, J., & Guo, Y. (2019). A cost-effectiveness analysis of a mobile-based care model for community-dwelling elderly individuals. Journal of Medical Internet Research, 21(5), e13563.

Perez, M. V., Mahaffey, K. W., Hedlin, H., Rumsfeld, J. S., Garcia, A., Ferris, T., Balasubramanian, V., Russo, A. M., Rajmane, A., Cheung, L., Hung, G., Lee, J., Kowey, P., Talati, N., Nag, D., Gummidipundi, S. E., Beatty, A., Hills, M. T., Desai, S., … Turakhia, M. P. (2019). Large-scale assessment of a smartwatch to identify atrial fibrillation. New England Journal of Medicine, 381(20), 1909-1917.

Personalized Medicine Coalition. (2020). The personalized medicine report: Opportunity, challenges, and the future. Retrieved from http://www.personalizedmedicinecoalition.org/Userfiles/PMC-Corporate/file/The-Personalized-Medicine-Report1.pdf

Prasad Vudathaneni, V. K., Lanke, R. B., Mudaliyar, M. C., Movva, K. V., Kalluri, L. M., & Boyapati, R. (2024). The Impact of Telemedicine and Remote Patient Monitoring on Healthcare Delivery: A Comprehensive Evaluation. Cureus, 16(3). doi.org/10.7759/cureus.55534

Snoswell, C. L., Taylor, M. L., Comans, T. A., Smith, A. C., Gray, L. C., & Caffery, L. J. (2020). Determining if telehealth can reduce health system costs: Scoping review. Journal of Medical Internet Research, 22(10), e17298.

Ulloa-Pérez, E., Blasi, P. R., Westbrook, E. O., Lozano, P. , Coleman, K. F., & Coley, R. Y.  (2022). Pragmatic Randomized Study of Targeted Text Message reminders to Reduce Missed Clinic Visits. The Permanente Journal, 26(1), doi/10.7812/TPP/21.078

Winstead, E. (2023). Telehealth Can Save People with Cancer Time, Travel, and Money. National Cancer Institute. Retrieved from https://www.cancer.gov/news-events/cancer-currents-blog/2023/telehealth-cancer-care-saves-time-money

Top 10 Best AI Health Apps

Top 10 Best AI Health Apps

by Ree AI Health Tech

In today’s fast-paced world, staying on top of your health can be a challenge. Why not use your smartphone as your personal health assistant? Whether you’re looking to manage a chronic disease or simply keep track of your fitness goals, there’s an artificial intelligence (AI) health app for that. 

44% of smartphone users have at least one health app installed (Beckham, 2024) and use it to track and analyze their well-being. Let’s explore the top 10 best AI health apps changing the game in personal wellness management, and how to decide which one’s best for you.

Contents

What Are AI Health Monitoring Apps?

Menstruation app tracker

AI health apps are more than just fancy gadgets. They leverage machine learning (ML) algorithms to analyze data from various sources, such as wearable devices, medical history, and biometric data. 

Benefits of Using AI for Health-Tracking

Woman standing by window looking at phone

Why should you consider using an AI health app? Smartphones and smartwatches can keep track of your health using AI to analyze your health data and monitor everything from your heart rate to your sleep patterns, helping you stay on top of your health. A few more compelling reasons include access to:

An AI health app can track your physical activity, monitor your heart rate, and even analyze your sleep patterns. This info can help you understand your overall health better and make informed decisions.

With so many options available, it’s important to know what features make a great AI health app.

What to Look for in Health Apps

Medicine reminder on tablet

When choosing an AI health app, it’s essential to know what features to look for. Here are some must-have features:

  • Activity Tracking: Monitor your daily physical activity, including steps taken, calories burned, and workout intensity.
  • Heart Rate Monitoring: Keep track of your heart rate during different activities and rest periods.
  • Sleep Tracking: Analyze your sleep patterns to improve your sleep quality.
  • Nutrition Tracking: Log your meals and monitor your calorie intake.
  • Symptom Checker: Identify potential health issues based on your symptoms.
  • Medication Reminders: Get reminders to take your medications on time.
  • Data Privacy: Ensure your health data is secure and private.
  • User-Friendly Interface: Easy to navigate and use, even for non-tech-savvy users.

These features can help you manage your health more effectively and make the app a valuable tool in your daily life.

Now that we know what to look for, let’s explore some of the top AI health apps on the market.

Our Picks: The 10 Best AI Health Apps

1. MyFitnessPal

MyFitnessPal app

MyFitnessPal, developed by Under Armour, is a health app that focuses on nutrition and fitness tracking. It helps users log their meals, track their calorie intake, and monitor their physical activity.

Key Features:

  • Calorie counter
  • Nutrition tracking
  • Exercise tracking
  • Integration with other fitness apps and devices

ProsCons
Extensive food databaseAds in the free version
User-friendly interfaceSome features require a premium subscription

Use Case 

Ideal for individuals looking to manage their diet and fitness goals.

MyFitnessPal

2. Fitbit

Fitbit smartwatch

Fitbit, now owned by Google, is a well-known name in the fitness tracking industry. The app works with Fitbit wearable devices to monitor various health metrics.

Key Features:

  • Activity tracking
  • Heart rate monitoring
  • Sleep analysis
  • Personalized health insights

ProsCons
Comprehensive health-trackingRequires a Fitbit device
User-friendly interfaceSome features require a premium subscription

Use Case 

Suitable for fitness enthusiasts who want a detailed analysis of their health metrics.

Fitbit

3. Headspace

Headspace

Headspace is a mental health app that focuses on meditation and mindfulness. It helps users manage stress, improve sleep, and enhance overall well-being.

Key Features:

  • Guided meditation sessions
  • Sleep sounds and bedtime stories
  • Stress management tools
  • Personalized recommendations

ProsCons
High-quality content Subscription required for full access
User-friendly interfaceLimited free content

Use Case 

Great for individuals looking to improve their mental health and reduce stress.

Headspace

4. Apple Health

Apple Health app

Apple Health is a built-in app for iOS devices that consolidates health data from various sources. It provides a deep overview of your health metrics.

Key Features:

  • Activity and exercise tracking
  • Heart rate monitoring
  • Sleep analysis
  • Integration with third-party apps

ProsCons
Integrates with multiple devicesOnly available on iOS
Comprehensive health dataLimited customization options

Use Case 

Perfect for iPhone users who want a centralized health-tracking solution.

Apple Health

5. Samsung Health

Samsung Health

Samsung Health is a versatile health app available for Android and iOS devices. It tracks various health metrics and offers personalized health insights.

Key Features:

  • Activity tracking
  • Heart rate monitoring
  • Sleep analysis
  • Stress management tools

ProsCons
Wide range of featuresSome features require Samsung devices
User-friendly interfaceAds in the free version

Use Case 

Ideal for Samsung device users looking for a detailed health-tracking app.

Samsung Health

6. Garmin Connect

Garmin Connect works with Garmin wearable devices to provide detailed health and fitness tracking. It shows data about your physical activity, sleep, and more.

Key Features:

  • Activity tracking
  • Heart rate monitoring
  • Sleep analysis
  • Workout planner

ProsCons
Detailed health insightsRequires a Garmin device
CustomizableSome features are complex

Use Case 

Best for athletes and fitness enthusiasts using Garmin devices.

Garmin Connect

7. Oura

Oura Ring app

Oura is the health app that comes with the Oura Ring to track various health metrics, including sleep, activity, and readiness.

Key Features:

  • Sleep tracking
  • Activity tracking
  • Readiness score
  • Personalized insights

ProsCons
Accurate sleep trackingExpensive
Comprehensive health dataRequires the Oura Ring

Use Case 

Suitable for individuals focused on improving their sleep and overall health.

Oura

8. Google Fit

Google Fit app

Google Fit is a health app developed by Google that tracks your physical activity and provides personalized health insights.

Key Features:

  • Activity tracking
  • Heart rate monitoring
  • Integration with other fitness apps
  • Personalized goals

ProsCons
Free to useLimited advanced features
Works with multiple devicesBasic interface

Use Case 

Ideal for Android users looking for a free health-tracking solution.

Google Fit

9. Noom

Noom Linkedin post

Noom is a health app that focuses on weight loss and healthy living through behavioral science. It offers personalized coaching and meal tracking.

Key Features:

  • Calorie counter
  • Nutrition tracking
  • Personalized coaching
  • Behavioral insights

ProsCons
Personalized approachSubscription required
Effective weight loss programTime-consuming

Use Case 

Great for individuals looking to lose weight and adopt healthier habits.

Noom

10. Flo

Flo app

Flo is an app designed for women’s health. It tracks menstrual cycles and ovulation, and offers personalized health insights.

Key Features:

  • Menstrual cycle tracking
  • Ovulation prediction
  • Health insights
  • Symptom checker

ProsCons
Comprehensive women’s health-trackingSome features require a subscription
User-friendly interfaceAds in the free version

Use Case 

Ideal for women looking to track their menstrual health and fertility.

Flo

With all these great options, how do you pick the right one for you? Next we’ll look at some tips to help you decide.

How to Choose the Right App for Your Needs

Person touching their fitness watch

Choosing the right AI health app can be overwhelming with so many options available. Here are some tips to help you make the right choice:

  • Determine Your Needs: Determine what health metrics you want to track and what features are most important to you.
  • Check Compatibility: Ensure the app is compatible with your devices and other health apps you use.
  • Read Reviews: Look for user reviews and ratings to get an idea of the app’s performance and reliability.
  • Consider Privacy: Make sure the app has robust privacy and security measures to protect your data.
  • Try Free Versions: Many apps offer free versions or trials. Test them out before committing to a subscription.

By considering these factors, you can find an app that meets your health-tracking needs and fits seamlessly into your lifestyle.

While these apps can be incredibly helpful, it’s crucial to consider how they handle your personal information.

Privacy and Security Considerations

A running app on phone with sneakers

When it comes to health apps, privacy and security are paramount. Here are some key considerations (ERTech, 2023):

  • Data Encryption: Ensure the app uses encryption to protect your data during transmission and storage.
  • Secure Authentication: Look for apps that offer multi-factor authentication to verify your identity.
  • Clear Privacy Policies: The app should have a transparent privacy policy that is easy to understand.
  • Data Sharing: Be cautious of apps that share your data with third parties, especially for advertising purposes.

A study in the British Medical Journal found that many health apps have serious privacy issues, including a lack of transparency in their privacy policies (Grundy et al., 2019). It’s crucial to choose apps that prioritize your data privacy and security.

As exciting as current AI health apps are, the future holds even more promise. Let’s take a look at what’s coming.

The Future of AI in Health Monitoring

fitness watch closeup

The future of AI in health monitoring looks promising. Here are some trends to watch:

  • Advanced Predictive Analysis: AI will become better at predicting health issues before they occur, leading to more proactive healthcare.
  • Integration with Telemedicine: AI health apps will work more seamlessly with telemedicine services, providing a well-rounded healthcare solution.
  • Personalized Healthcare: AI will continue to offer more personal tips tailored to individual needs and preferences.
  • Improved Data Privacy: As privacy concerns grow, AI health apps will adopt more advanced privacy-preserving techniques, such as federated learning and differential privacy (Yadav et al., 2023).

Conclusion

AI health monitoring apps are powerful tools that put wellness management at your fingertips. From tracking your sleep patterns to monitoring your heart rate, these smart applications offer personalized insights to help you make informed decisions about your health. 

Remember, while these apps are incredibly useful, they’re not a replacement for professional medical advice. Use them as a complement to regular check-ups and always consult with your healthcare provider for serious concerns. By choosing the right app and prioritizing privacy and security, you can take control of your health and well-being. 

References

Beckman, J. (2024). 30 Amazing Mobile Health Technology Statistics. Tech Report. Retrieved from https://techreport.com/statistics/software-web/mobile-healthcare-technology-statistics/

Best Practices for Healthcare Privacy in Mobile Apps. ERTech. Retrieved from https://www.ertech.io/blog/best-practices-for-healthcare-privacy-in-mobile-apps

Grundy, Q., Chiu, K., Held, F., Continella, A., Bero, L., & Holz, R. (2019). Data sharing practices of medicines related apps and the mobile ecosystem: Traffic, content, and network analysis. BMJ, 364, l920. doi.org/10.1136/bmj.l920

Yadav, N., Pandey, S., Gupta, A., Dudani, P., Gupta, S., & Rangarajan, K. Data Privacy in Healthcare: In the Era of Artificial Intelligence. Indian Dermatology Online Journal, 14(6), 788-792. doi.org/10.4103/idoj.idoj_543_23