The opportunity #IoT in Healthcare is estimated to be $2.5 trillion by 2025. How are we embracing this change? The Types of Opportunities that present themselves to the Startups, Healthcare IT organisations are tremendous.
We asked experts what they thought about the current trends and focus areas that the IT Industry, Medical Device Manufacturers, Hospitals and Startups will need to keep in view in the near and short-term while making their organisation ready for the Digital Transformation that can be and will be enabled by #IoT in Healthcare.
Presenting the insights shared by Dave Brown (@QiiQHealthcare) on #IoT in Healthcare.
Q1: In the near term (1-3 years), What are the top 3 innovations in IoT that can benefit healthcare?:
Dave Brown: Great user-centered design; cheaper sensors; integration-friendly cloud services (including ML and AI).
Q2: Is an IoT based system going to be a utility or a service?:
Dave Brown: The UI -where the rubber meets the road- is a service. The software behind it is also a service. I can see some of the hardware elements and networking tech’y being a utility.
Q3. Do you see any device, connected via any protocol and with any cloud; as the future, if yes how will that be achieved? Standards?:
Dave Brown: More public exposure of performance metrics will incentivize QI and therefore innovation. Free-market competition (between innovators) will drive down costs. With this accelerated change, risk will rise – this can’t be avoided. However, reliability and data security standards will stabilise risk.
Q4: In India (or your country), what are the Digital Infrastructure requirements for enabling IoT based Innovations in Healthcare?:
Dave Brown: Not sure. But to my previous answer – system reliability and security standards will help confidence levels for healthcare providers who are frightened of change.
Q5. How can hospitals leverage #IoT based solutions for service delivery and patient care? :
Dave Brown: Start with the big picture in mind; begin with small, measured implementations, and look for IMPACT. Advance quickly as success metrics show up.
Q6: What are the aspects of Connected Care for the Patient Care Continuum
Dave Brown: Healthy Living, Prevention, Diagnosis, Treatment & Home Care. THIS DOES NOT HAPPEN WITHOUT PROGRESSIVE APPROACHES TO INTEGRATION. The future = API’s.
Q7. Please share usecases for Connected Care for: Healthy Living, Prevention, Diagnosis, Treatment, Homecare:
Dave Brown: One simple picture: a FitBit user shares their data with their provider network; always-on data analysis (that also taps the user’s genomic data) triggers alerts when bad signs arise; then an automatic clinical response launches to address the issue before it becomes a serious problem. This process is AI-driven.
Q8: What are the Healthcare based Smart City components? How can Local, State and National Government’s make #IoT solutions in healthcare economically viable?:
Dave Brown: BIG question – hard to predict – creative and informed entrepreneurs will come up with many. I think these IoT solutions emerge from a vibrant startup community. Governments assist merely by creating incentives for the birth&growth of well-run startups, including spurring investment. They can also help round up healthcare executives and tech entrepreneurs to thoughtfully examine REAL problems and viable solutions (to save entrepreneurs from building solutions that no-one will buy and deploy).
Q9: How can private hospitals justify the RoI’s of Smart Hospital Components? :
Dave Brown: Similar answer as Q2a: start small and measure measure measure.
Q10: Give us a Buzzword we are going to be hearing regarding IoT based innovations in Healthcare.:
Dave Brown: Not sure. How ’bout: “Smart API’s”
Q11. Tell us a 5 Year view of IoT in Healthcare and what would a Patient Experience in a Smart Hospital?:
Dave Brown: It’ll take more than 5 years for a real transformation to occur. But as I’ve already written, more good data (genomic + real-time consumer sensors) with strong AI will increase proactive community interventions, thus reducing the demand on urgent care.
Q12. Finally: What areas of IoT based innovations are you looking to partner with Startups for? Can you give us two areas?:
Dave Brown: We ARE a startup, committed to helping redesign workflow in urgent care. We need to partner with companies contributing to acute care IT. We eventually need to integrate with community-care solutions to further improve the patient experience in moving from community care to acute care.
You can reach Dave via Twitter: @DaveBrutusBrown
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