Technology needed to keep healthcare sustainable, says Maxim chief
September 27, 2016
The higher than inflation increase in healthcare costs in the USA is not sustainable and technologies need to be deployed to save money, according to Sui Shieh, vice president for industrial and healthcare at California-based analogue chip company Maxim Integrated.
“We need to find ways to reduce costs,” said Shieh (pictured) at a press briefing in London last week. “One is keeping people away from hospital. Another is finding ways to discharge patients faster. That is still pretty fast in the USA, but we want to make it faster.”
This, he said, would mean more monitoring of patients at home where a key problem was ensuring that they were taking their medication as prescribed. “This is a big issue,” he said.
One day, he said, there would be devices that told people when they needed to see a doctor, whatever the complaint.
“We are far away from that,” he said. “In the interim, there will be one device for every clinical condition. These wearables will help with healthcare costs.”
Maxim, he said, could help with that through its power management products.
“They need low power consumption to increase battery life,” he said. “They want to go five days without charging so they can cover a typical hospital stay of four days.”
He said the company believed that its products would help wearables gain FDA approval. But the company is also investing in ultrasound products that are already one of Maxim’s major market.
“We will have a health centre platform on display at Electronica in November in Munich,” he said. “This is about the sixe of an American quarter, about 20mm in diameter. It can be used to create an ECG patch.”
Maxim’s stand at Electronica will also contain part of a factory floor using smart sensors to check quality in professional footballs.