Discuss the economic impact of wearable devices such as glucose monitors and insulin pumps on the management of type 2 diabetes in rural America. Choose one economic theory and explain how it can used in addressing the issue. Use as many statistics as possible. Some key points to add:
- Comparative Cost Analysis Across Platforms: How does the economic impact of wearable devices for Type 2 diabetes management compare to traditional in-person healthcare delivery models in rural settings, considering patient demographics and socio-economic factors?
- Long-term Economic Sustainability: What is the long-term economic sustainability of integrating wearable devices in rural diabetes management programs, particularly in terms of reduced chronic disease complications and healthcare costs over a decade?
- Impact on Healthcare Utilization: In what ways do wearable devices influence healthcare utilization patterns (such as emergency visits and hospital admissions) among patients with Type 2 diabetes in rural areas, and how does this translate into economic costs or savings?
- Return on Investment (ROI) Analysis: How can the return on investment (ROI) for healthcare systems be quantified when implementing wearable devices for Type 2 diabetes management, specifically focusing on rural healthcare settings?
- Patient-Centric Cost-Benefit Assessment: How do patients perceive the economic benefits and costs associated with using wearable devices in managing their Type 2 diabetes, and how does their perception influence adherence and engagement with these technologies?
Must include the following sections: (1) Introduction (definition of concept or
theory, problem statement, background or historical evolvement if any, statistics, and importance); (2)Solutions or Alternatives (evaluating your choice of alternatives based on pros and cons); (3)Recommendations and Conclusions (study limitations, policy implications, and the take-home message);
(4) Bibliography (including at least 10 peer-reviewed journal articles and/or government
documents/reports). References must be 2015 or newer (no textbooks)Do Not Use AI