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:
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