$100 Billion Would Be Saved Through Digital Health Solutions, According to Accenture Plc (NYSE:ACN)
A new study by Accenture Plc (NYSE:ACN) portrays a rosy picture of digital health profiling in terms of financial benefits and better healthcare. According to Accenture, the adoption of digital health solutions could save the U.S. over $100 billion in the next four years. Last year, Internet-connected health devices and software helped save the U.S. healthcare system some $6 billion and much more could be saved in the coming years.
The U.S. healthcare system is modernizing and with that modernity is coming opportunities to improve healthcare services and the country to save more money in the delivery of healthcare. Accenture has established that there exist great cost-savings opportunities in the U.S. healthcare system if only digital health solutions could be adopted more broadly.
$100 billion in cost-savings
In its new study of the healthcare system, Accenture says that up to $100 billion could be saved in the next four years if more FDA-regulated connected devices and software are adopted. Gathering and profiling of digital health data is enabling more efficient healthcare delivery.
Health and fitness devices like Apple Inc. (NASDAQ:AAPL)’s Apple Watch are helping with important health monitoring. For example, Apple Watch is able to take heart rate readings. The Watch uses FDA-approved software for the heart rate monitoring function.
$50 billion in cost-saving in 2018
In 2014, Internet-connected gadgets or software led to saving of $6 billion in the U.S. healthcare system. In 2018, it is expected that digital health solutions would lead to savings of $50 billion.
It is also estimated that the use of wearable devices that support health and fitness functions would double to 43% over the next five years.
Accenture Plc (NYSE:ACN) is convinced that continued adoption of digital health solutions should not only lead to better healthcare for patients, but also save the country more money – $100 billion in the foreseeable future, which is currently four years out.
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