Team angelMD • May 1, 2017

Over 29 million people in the U.S. have diabetes, and some 27 percent haven’t been diagnosed. [1] To make matters worse, the rate of new cases has been on the rise in U.S.[2] The CDC estimates the total cost of diabetes in the U.S. in 2012 alone was $425 billion, and the average medical expenditures among people with diagnosed diabetes was 2.3 times higher than people without diabetes.[1]

Type 2 diabetes is highly preventable and treatment is straightforward, though it can be difficult for patients to adopt. With the extreme cost of treatment and burden on patient well-being, it is clear that there needs to be a different approach to patient care, something that can lower cost without impacting effectiveness. Enter digital health.

A new literature review, analyzing the success of digital health interventions on diabetes patients, found that the effects of obesity-related apps on patient satisfaction and adherence were positive and cost effective.[3]

angelMD is proud to have companies on our platform like Rimidi tackling this important issue. Rimidi’s cloud-based platform Diabetes+Me has demonstrated an ability to produce results. A study showed that patients who used Rimidi’s intervention dropped their hemoglobin A1c levels by two percentage points more than standard treatments. Their total cholesterol also decreased by 50 mg/dL more than standard treatments.[4] Rimidi’s success has earned them recognition and they recently presented at the 2017 Healthcare Information and Management Systems Society conference.

Continued developments in the digital health sector are increasingly important due to decreased funding to public health initiatives. This funding drought in combination with increasing care costs sets up the digital health industry for significant growth. According to one report, the digital health market will hit $117 billion in 2020.[5] Physicians have widely recognized this area of growth, with 86 percent agreeing that mobile apps would be central to care in 2020.[5]

Interested in learning about more innovative startups tackling diabetes care from a digital health perspective? Browse relevant companies on angelMD here by selecting the “Digital Health” category and typing “Diabetes” in the search box.

[1] According to a 2014 CDC report https://www.cdc.gov/diabetes/pubs/statsreport14/national-diabetes-report-web.pdf
[2] According to April 2016 CDC report https://www.cdc.gov/diabetes/statistics/slides/long_term_trends.pdf
[3] http://perspectives.ahima.org/canmhealthrevolutionize/
[4] http://www.mobihealthnews.com/content/mobile-diabetes-intervention-reduced-hba1c-2-percentage-points-more-standard-care
[5] http://actonline.org/wp-content/uploads/2016_State_of_App_Economy.pdf

Featured Image (CC0): https://pixabay.com/en/diabetes-blood-sugar-diabetic-528678/

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