BS IEC SRD 63234-2:2020 - Economic Evaluation of Active Assisted Living Services

Standard Number: BS IEC SRD 63234-2:2020

Pages: 26

Released: March 3, 2020

ISBN: 978 0 539 03682 4

Status: Standard

Overview

In the rapidly evolving world of healthcare, the integration of technology into patient care is not just a trend, but a necessity. The BS IEC SRD 63234-2:2020 standard provides a comprehensive framework for the economic evaluation of active assisted living (AAL) services, with a specific focus on monitoring patients with chronic diseases. This standard is an essential resource for healthcare providers, policymakers, and technology developers who are committed to enhancing patient care through innovative solutions.

Why Choose This Standard?

The BS IEC SRD 63234-2:2020 standard is designed to guide stakeholders in the healthcare industry through the complexities of implementing AAL services. It offers a detailed example of use, specifically tailored to the monitoring of patients with chronic diseases. This focus is crucial, as chronic diseases are among the leading causes of death and disability worldwide, and effective management can significantly improve patient outcomes and reduce healthcare costs.

Key Features

• Comprehensive Economic Evaluation: The standard provides a thorough economic evaluation framework, helping stakeholders assess the cost-effectiveness of AAL services.
• Focus on Chronic Diseases: With a specific example of use in monitoring chronic diseases, this standard addresses a critical area of healthcare that affects millions globally.
• Guidance for Implementation: Offers practical insights and guidelines for the successful implementation of AAL services in healthcare settings.

Benefits of Implementing AAL Services

Active assisted living services represent a transformative approach to healthcare, particularly for patients with chronic conditions. By leveraging technology, AAL services can provide continuous monitoring, personalized care, and timely interventions, all of which contribute to improved patient outcomes. Here are some of the key benefits:

Improved Patient Outcomes

Continuous monitoring allows for the early detection of potential health issues, enabling healthcare providers to intervene promptly. This proactive approach can prevent complications, reduce hospital admissions, and enhance the overall quality of life for patients with chronic diseases.

Cost-Effectiveness

By reducing the need for frequent hospital visits and enabling remote care, AAL services can significantly lower healthcare costs. The economic evaluation framework provided by this standard helps stakeholders understand the financial benefits of implementing these services.

Enhanced Patient Engagement

AAL services empower patients to take an active role in managing their health. With access to real-time data and personalized care plans, patients are more engaged and motivated to adhere to their treatment regimens.

Who Should Use This Standard?

The BS IEC SRD 63234-2:2020 standard is an invaluable resource for a wide range of stakeholders in the healthcare industry, including:

• Healthcare Providers: Hospitals, clinics, and other healthcare facilities can use this standard to implement effective AAL services and improve patient care.
• Policymakers: Government agencies and regulatory bodies can leverage the insights from this standard to develop policies that support the integration of technology in healthcare.
• Technology Developers: Companies developing healthcare technologies can use this standard to ensure their solutions are economically viable and aligned with industry best practices.

Conclusion

The BS IEC SRD 63234-2:2020 standard is a critical tool for advancing the integration of active assisted living services in healthcare. By providing a robust framework for economic evaluation and focusing on the monitoring of chronic diseases, this standard supports the development of innovative, cost-effective solutions that enhance patient care. Whether you are a healthcare provider, policymaker, or technology developer, this standard offers the guidance you need to navigate the complexities of implementing AAL services and achieve better health outcomes for patients.

BS IEC SRD 63234-2:2020

This standard BS IEC SRD 63234-2:2020 Economic evaluation of active assisted living services is classified in these ICS categories:

• 03.080 Services
• 03.100.60 Accountancy

IEC SRD 63234-1:2020 provides a descriptive framework and template for the economic evaluation of the implementation of technology-supported home healthcare, wellness or AAL services. IEC SRD 63234-2:2020 provides an example of the use of the framework, specifically analysis and economic evaluation of the implementation of technology-supported, remote, in-home monitoring of patients (AAL care recipients) with chronic diseases.
This analysis is completed from the point of view of the healthcare system/services funder (e.g. the government in a state-sponsored healthcare system or possibly a health management/health insurance company in a privately funded system).
This document is structured like IEC SRD 63234-1:2020, to provide a means of capturing data for the Reference Scenario (the current means of providing care, also known as 'usual care', to the target population of members of the population with one or more chronic diseases living at home), compared against an Alternate Scenario (the deployment of an AAL service which provides remote patient monitoring). Standard economic measures have been estimated (using an electronic spreadsheet) including Return on Investment (ROI), Net Present Value (NPV), and Payback Period of the investment.