Return on Investment

The Center for Technology and Aging (CTA) and the Partners Healthcare Center for Connected Health (CCH) supported by the California HealthCare Foundation, developed a return on investment (ROI) evaluation tool to help health care organizations assess the intrinsic financial costs and benefits of RPM technologies. The ROI evaluation quantifies the value of a quality improvement program to an organization and its patients based on savings, improved outcomes, and improved care efficiency. The ROI evaluation includes the following cost categories: patient enrollment, technology and operating costs, personnel or staffing costs, and other potential costs.

The web-based tool is live and can be accessed here: ROI Calculator

Seeking Beta Testers

As part of a California HealthCare Foundation-supported evaluation, health care providers from throughout the U.S. who are in the process of implementing a Remote Patient Monitoring program or currently operating a RPM program are invited to apply to be included in a ROI study among select health care providers. If interested in applying, or to get further information, please contact Valerie Steinmetz at vsteinmetz@techandaging.org

National ROI Study Requirements:

  • Health care organization or RPM vendor working with client that has an established RPM program in operation for over 6 months.
  • A minimum of 50 active Congestive Heart Failure or Chronic Obstructive Pulmonary Disorder patients in RPM Program.
  • Access to organization’s program (financial and clinical) data.
  • Health care organizations within the US.

Benefits:

  • Practical data on the ROI of your RPM program.
  • Site-specific analysis and support from CTA and CCH staff including:
    • confirming appropriate inputs
    • interpreting outcomes
    • supporting scenario planning for optimal program design and operation
  • An opportunity to serve as a case study or be highlighted in a peer-reviewed article or whitepaper.

Participation and Registration:

  1. Register for a free ROI tool account at www.telemedroi.com.
  2. Read the user guide for information on the data needed for the tool, detailed descriptions and definitions, and how to navigate the tool website.
  3. Access and use the ROI Tool independently, following the 7 steps to enter and analyze data.
  4. Review findings with senior management for program planning and financial decision making.
  5. Review ROI findings with CCH/CTA research team.

Contact Us

Center for Technology and Aging

555 12th Street, 10th Floor
Oakland, CA 94607

info@techandaging.org

510.285.5685



Resources