Proving the Business Case for the Internet of Things

More than half of healthcare companies to use M2M by 2016: Vodafone

Iain Morris
July 9, 2014
 
While healthcare providers have traditionally been seen as “cautious” adopters of M2M technology, some 57% of organizations in this sector expect to be making use of M2M services by 2016, according to Vodafone’s new M2M barometer report, compared with just 19% today.

The telecoms operator – which produced the study with the support of analyst firm Machina Research – expects take-up to be driven by the pressure on the existing healthcare model in many countries, with care services at capacity and costs growing unsustainably as the population ages.

M2M applications currently used by healthcare providers include remote monitoring, which is critical when dealing with high-value, condition-sensitive equipment and controlled substances, but various patient-facing solutions are also seeing adoption.

According to the report, some 11% of healthcare organizations currently make use of these patient-facing technologies, but an increasing number of providers are expected to roll them out as home management of chronic conditions becomes more commonplace.

By 2016, 69% of healthcare organizations expect to have what Vodafone calls an ‘external-focused M2M strategy’ – whereby M2M is used to support services provided outside the company rather than for internal efficiency measures – up from 43% now.

Vodafone (Newbury, UK) goes on to say that, while healthcare is an area of nearly unparalleled private and public expenditure, the current infrastructure of most healthcare systems remains inadequate for addressing a number of growing challenges, including demographics, poor access to patients and steadily rising costs.

It says more innovative use of M2M could help organizations and governments improve access to services, increase compliance with prescribed treatments, reduce costs and increase flexibility.
 
 
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