Dignio – Innovative Low Cost Business Model WINNER – 2017
JURY’S REASONING
A combination of remote patient monitoring and telehealth for patients with chronic conditions, such as diabetes, COPD, Hypertension and Cardiovascular conditions. Based in Fredrikstad, Norway. Dignio has 12 employees, and revenue for 2016 was just below of USD 1M.
“Dignio Remote Care” is a combination of Remote Patient Monitoring and Telehealth with a unique preventive methodology given to patients with chronic conditions, such as Diabetes, COPD, Hypertension and Cardiovascular conditions.
Dignio claims to lower hospital admissions by 32%, doctors appointments by 42% and 59%
Application
Briefly describe the organisation giving the number of facilities, staff, revenue numbers.
Based in Fredrikstad, Norway. 12 employees, and revenue for 2016 was just below of USD 1M.
What is the nature of the low-cost service that the nominated organisation is delivering and to whom?
“Dignio Remote Care” is a combination of Remote Patient Monitoring and Telehealth with a unique preventive methodology given to patients with chronic conditions, such as Diabetes, COPD, Hypertension and Cardiovascular conditions. Patients are cared for by specially trained nurses in a Remote Care Center, and they use a tablet combined with medical devices to perform a simple health assessment on a daily basis. The goal is to “coach” the patients to become more knowledgeable about their chronic condition and take more responsibility for their own health. We also help patients with medication compliance, using electronic medication dispensers connected to our Chronic Diseases Management Platform, Dignio Prevent. The service has primarily been provided to seniors so far, in order to save cost on the traditional (and more resource demanding) healthcare services in a “Remote Primary Care-fashion”.
When did the organisation start delivering this service en masse?
Month : June
Year : 2014
What has been the revenue from the service in 2015 and 2016?
2015 : USD 510 k
2016 : USD 865 k
What is the measurable saving the organisation has achieved as an operator?
USD 2.574.000 per year Annual saving per patient of $8000.00
What is the percentage reduction in cost on the previous model or in comparison to other competitors?
46.5 % compared with traditional Primary Care services
Please describe what makes the service innovative.
Factor 1: Patients take more responsibility for own health and wellbeing. Foster more healthy living.
Factor 2: Early detection of exacerbations allows for early intervention and avoid hospitalisation.
How has this impacted on patient/care recipient outcomes?
32 % fewer hospital admissions, 42% fewer doctors appointments, 59% less time spent from home nurses
What are the next plans for the service?
Our service is now proven and show great effect, Dignio would like to expand internationally.