Taking the Lead in Outcomes-Based Care and Healthcare Innovation
You’ve probably heard the much-cited, doom-and-gloom statistics about the current state of healthcare based on the fee-for-service (FFS) business model. The U.S. spends more on healthcare than any other country. Yet, we have some of the poorest health outcomes worldwide.
Factor in the oncoming tsunami of aging baby boomers, skyrocketing healthcare costs (especially in prescription medication), and the one-half of the U.S. population suffering from chronic disease, and the future seems pretty bleak. Never before has the need to transform the business of healthcare (while also improving the overall quality of life) been greater.
Sometimes, necessity really is the mother of invention. We’re seeing it evolve right now. Powered by the rise in the Internet of Things (IoT) and its extension into medicine, aka the Internet of Medical Things (IoMT), and a new value-based model of care, the metamorphosis of fee-for-service (FFS), reactive, “sick” care to preventative, outcomes-based care is underway. What will emerge is a new health economy, one that will continue to drive the business of healthcare forward, providing cost savings, improved profitability, and better patient outcomes and experiences.
By leveraging IoMT for better health outcomes, we can affect change across the U.S. health economy at multiple levels. And there’s no better place to begin than here in the Research Triangle. With 45 percent of local businesses involved in the life sciences, biotechnology, or healthcare, the Triangle is primed to capitalize on the promise of IoMT.
Here at Smashing Boxes, we’ve designed a free eBook to guide you as you seek to leverage the value of IoMT. In five chapters, we’ve gathered essential insights from top tech companies, leading healthcare institutions, prominent researchers, and digital health experts. The ideas therein will give you a clear understanding of how you can use IoMT to enable an ecosystem of collaboration that supports healthier lifestyles, on-demand personalized care, and better outcomes – both for patients and the business of healthcare.
With IoMT, you can deliver on the promise of:
Value-Based Healthcare – The push to value-based care, also known as outcomes-based care, in combination with digital technologies, empowers consumers to be more active in their healthcare. With IoMT as the driver of this connection, the physical and digital barriers of healthcare are broken, and innovators can usher in a new era of healthcare.
Personalized Healthcare Anytime, Anywhere – Imagine a future where you receive a notification on your smartphone to lower your sodium intake and to monitor your stress levels because your blood pressure is higher than usual. This is preventative care at its best. Connected devices, such as wearables and mobile apps, serve as a conduit for proactive engagement among providers, patients, and caregivers, thereby improving the efficacy and efficiency of patient care.
Emerging Technologies – IoMT promises to enable real-time, integrated connections between patients, providers, health systems, and payers. While the IoMT ecosystem is still developing and faces a number of challenges, several emerging technologies offer tremendous potential to underpin a solution that could further transform the industry. Blockchain, artificial intelligence (AI), and machine learning (ML) provide an architecture to reduce risk and capture opportunities.
Putting People First – IoMT technology prioritizes end-user experience—always. IoMT technologies engage people in positive action by connecting them to better experiences and health, and by driving outcomes-based care.
Healthcare Transformation through IoMT: Making the Connection to Better Health Outcomes eBook
At Smashing Boxes, we are most interested in helping you build a foundation for IoMT that has an impact on healthcare and the people you serve. Our free eBook will explain how IoMT is best approached via the same framework (device, software, data processing, cloud platform, and applications) that applies to most IoT use cases. But because healthcare encompasses a specific set of considerations, including user experience (UX), solutions (e.g., practice management and patient care), data and security, compliance and regulations (e.g., HIPAA and FDA), and technologies (e.g., web, mobile, and wearables), our eBook includes an IoMT-exclusive decision matrix to guide you along the path to IoMT success.
As you will learn from reading our eBook, the winners of this new, connected healthcare economy will be those who can deliver comprehensive, end-to-end solutions that further transform health outcomes, reduce costs, and improve lives.
If you want to learn more about taking the lead in healthcare innovation, click here to download your free copy.
This article was written by Nick Jordan and Shannon Rentner.
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