IoT and AI for Healthcare Will Drive Savings

The use of AI and Internet of Things (IoT) technology in healthcare will drive operational cost savings as well as improve regulatory compliance.

The use of artificial intelligence (AI) in the healthcare industry will rely heavily on data gleaned from a number of different systems. A major emerging source of important data will be what Accenture calls the Internet of Health Things (IoHT) – a network of connected medical devices and assets that will provide more visibility into patient status and outcomes.

By introducing more connectivity, remote monitoring and information gathering, Accenture says the IoHT can “encourage better use of healthcare resources, more informed decisions, a reduction in inefficiencies or waste and the empowerment of health consumers.”

In Article_SPD in BrazilSPD Department is facing the challenge of meeting Unique Device Identification (UDI) tracking requirements (Source: Xerafy)

Automatic identification technology like the Autoclavable RFID tags Xerafy provides can help provide this connectivity. In the case of medical device manufacturers, automatic ID technology can help meet the U.S. FDA’s Unique Device Identification (UDI) tracking requirements in a matter of seconds.  The UDI program was developed to provide more accurate tracking of medical devices in the healthcare industry in order to speed product recalls and improve patient safety.

Rugged RFID tags that are designed to withstand the rigors of the healthcare environment, as well as harsh sterilization processes, can be used to automate aspects of the Joint Commission’s Universal Protocol, as well as meet FDA UDI requirements.

According to Accenture’s survey on the IoHT, healthcare organizations allocate on average around 10 percent of their annual IT budgets to investments for IoHT solutions.

Adoption is set to increase. According to Accenture, 73 percent of healthcare executives say the IoHT will be disruptive within three years, but only 49 percent say their leadership understands what it will mean to their organizations.

But healthcare organizations that have invested in the type of remote monitoring and other solutions enabled by IoHT are already experiencing benefits. According to the survey, 33 percent of providers report extensive savings from remote patient monitoring, and 42 percent of payers report medical cost savings from these programs.

Want to learn more? Download Xerafy’s white paper, RFID for Medical device and Surgical Instrument Tracking.

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