> mHealth – Six Challenges & Opportunities for Healthcare Device Development
> Pivotal Year for Medical Devices & Application Developers
> Developing Secure Applications & Connected Medical Devices at Advantage
The use of health devices in consumers lives, whether mHealth (mobile Health) or Fitness is escalating in numerous arenas, but specifically at the point-of-care, in hospitals, clinics and labs as well as the home. Here are six trends that bring both challenges and opportunities for health & medical device industry for 2015 and 2016.
It is all about the medical devices connecting to digital health applications creating an interoperable platform. Developers are providing an ecosystem of seamless population health management to hospitals, clinics and pharmaceutical companies through in-home or wearable medical devices and mHealth mobile applications. Connect to the new mobile web page content Healthcare market researcher Frost & Sullivan’s recent whitepaper explores the “intellectual vision required to look beyond the current linear process for achieving a fully integrated, real-time, health-related financial and clinical information platform and explore the endless potential for reaching this goal.”
Savings exceeding $30 billion annually is expected from increases in interoperability with its ability to share information and Electronic Health Records across medical devices, emphasis is on enhancing the value, reducing errors and streamlining workflow.
- Frugal Innovation
In an era of nearly global austerity, necessity – the “mother of invention” has brought disruptive solutions to healthcare. Imminent models, remarkably combine streamlined development practices, lean manufacturing principals; low-cost high-quality methods and combines this with social networks, most frequently utilizing mobile phones as their primary platform. Instead making existing systems “better” (read less accessible and costly), Frugal Innovation introduces more accessible, affordable and convenient solutions like the smartphone-enabled ultrasound probe that can be used for imaging organs and soft tissue or performing fetal ultrasounds anywhere.
With a reimbursement environment that is currently slow on the uptake, funding of medical device development has recently been inhibited due to investors having second thoughts about capitalizing new devices. A major dynamic motivating that trend is the rise of emerging markets where Frugal Innovation is a necessity. Adapting to meet rapidly changing market conditions means agile companies have considerable competitive advantage over many of their mature market competitors. The pressure to keep development costs down has never been more intense and although the flow of capital to early device development projects will soon begin to flow, Frugal Innovation has come to the medical device development industry to stay.
Pivotal Year for Medical Devices & Application Developers
The Health Information Technology for Economic and Clinical Health (HITECH) Act, enacted as part of the American Recovery and Reinvestment Act promotes the implementation and meaningful use of health information technology. Privacy and security concerns associated with the electronic transmission of health information are addressed through several provisions that strengthen the enforcement of the Health Insurance Portability and Accountability Act (HIPAA) rules.
The HITECH Act has advanced the use of health information technology and laid an important foundation for the process of collecting and collaborating health data in the 6 years since it was enacted. Sparking the dialogues essential to what is needed to effectively leverage health data to create tools for expense efficiencies and improved clinical outcomes will ultimately enable improvements in both costs and care quality. Up until this point, incentives have been paid for healthcare providers that are demonstrating the purpose of this act. At the end of 2015, penalties may be charged for not doing so electronic products that help healthcare providers with these tasks are crucial. We can help your company move your mHealth device into the market with confidence because of our experience the development of these exceptional connected devices and the medical data analytics (MDA) they can provide.
Healthcare Information and Management Systems Society (HIMSS), American Telemedicine Association (ATA) and similar conferences have been flooded with healthcare organizations rushing to find the solutions for how to collect and analyze data for metrics management and healthcare trends as well as to find the analytical expertise to safely structure and manage the data. This pivotal year ending the carrot phase and beginning the stick phase has spurred many more in the healthcare space to get moving.
Developing Secure Applications & Connected Medical Devices at Advantage
With advancements in technology, the interconnectivity of people and devices has never been so expansive. Smart phones in nearly everyone’s pocket, and the Internet of Things enabling rapid accurate machine-to-machine communications, the perpetuation and distribution of data access has been greatly expandedThis opens up so many avenues for betterment, particularly within the healthcare field. When a patient makes a visit to a health care provider, the resource-intensive consumption of labor from nurses, doctors and other healthcare providers, combined with the use of medical devices, examination rooms, waiting rooms, restrooms, and etc. drives the cost of healthcare dramatically. When the number of these visits can be drastically reduced these resources are easily shared amongst many patients, allowing for a much more efficient system.
By utilizing body worn or in-home devices that use (for example Bluetooth data transfer and secure HIPAA compliant software practices). Advantage Electronic Product Development’s Medical Lab and Mobile Application Divisions have made some of the first major strides in implementing solutions to these resource consumption concerns by connecting multiple mHealth devices to hospital and clinical servers and analytics analysis.
This industry is growing so fast that there are suddenly over 40 million Bluetooth enabled healthcare devices on the market, Advantage is continuously working to seamlessly enable secure data transfer from the comfort of the patient’s home to their healthcare provider’s Electronic Medical Record Systems (EMS) and therefore strengthen communication between patients and their doctors. From medical testing kits and body worn patches to the more common glucose monitors and oximeters, the goal for these systems was to enable patients to be able to consistently and independently gather vital information without having to interrupt their lives with appointment-juggling, transportation and hospital wait times.
Advantage’s platforms interpret data collected through Bluetooth transfers and distribute relevant and metrics that reflect in-depth assessments of an individual’s health. Through these records doctors are able to remotely monitor their patients, freeing-up time to diagnose and assess needs and providing more thorough and efficient medical support. The portability enabled by incorporating an application built for mobile devices, Advantage’ solution can easily extend to all aspects of a healthy lifestyle. Beginning with the aggregation of routine fitness reports, and ranging as far as the gamification of healthy choices, interactive devices intercept and facilitate communication between individuals and their health care providers offering an alleviation of appointment bottlenecks and strengthens the correspondence.
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