Welcome!

Digital Transformation (DX) Headquarters

Kevin Benedict

Subscribe to Kevin Benedict: eMailAlertsEmail Alerts
Get Kevin Benedict via: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn


Related Topics: Web 2.0 Magazine, SOA & WOA Magazine, Mobile Enterprise Application Platforms

Article

Location Based Services and RFID Help Hospitals Save Money

The use of LBS (location based services) in the healthcare industry is growing rapidly

The words location based services (LBS) immediately brings to mind mobile marketing apps and other location based sales and marketing services based upon GPS coordinates.  If we have an enterprise IT perspective we may think of fleet management, asset management and equipment tracking.  The technologies and strategies behind these technologies, however, are not limited to rugged outdoor, blue collar environments.  They have now also moved into sterile indoor environments.  Let's review a few of these use cases documented by Caleb Benedict, Research Analyst, GIS/IoT.

The use of LBS (location based services) in the healthcare industry is growing rapidly. It is being used to save time, money, and reduce liabilities. Earlier this week an article was published by Pharmabiz.com that described how Tyco Security is providing Indian Hospitals with RFID services to track patients, medical equipment and pharmaceuticals (http://bit.ly/PAIJvP).  Along with knowing patient locations, these solutions allow hospitals to track and maintain security over expensive equipment, and to closely monitor prescription drugs to limit dangerous mistakes.

A recent report by Research and Markets predicts the healthcare RFID market will grow at a CAGR of 35 percent through 2017. As this forecast demonstrates, RFID technology continues to gain traction in the healthcare industry proving that it has moved beyond its roots tracking cargo containers and freight (http://bit.ly/PAIJvP).

LBS technologies are also on the rise. Markets and Markets reports that the location based services market will grow at a CAGR of 25 percent annually through 2019 and the market will be valued at $39 billion. They also report that the largest portion of LBS growth will come from the healthcare asset management sector. LBS solutions help hospitals monitor patients locations and track ambulances as they respond to emergencies and deliver patients (http://bit.ly/1l7gV10).

It is our analysis, based on a review of publicly available data, that the healthcare industry will continue to adopt these technologies as they are proving to save money, reduce loss and limit liabilities. These solutions, along with GIS applications in healthcare, illustrate the huge potential the industry has in applying location and tracking technologies in everyday hospital operations.

************************************************************************

Kevin Benedict Senior Analyst, Digital Transformation, EBA, Center for the Future of Work Cognizant View my profile on LinkedIn Learn about mobile strategies at MobileEnterpriseStrategies.com Follow me on Twitter @krbenedict Browse the Mobile Solution Directory Join the Linkedin Group Strategic Enterprise Mobility Join the Google+ Community Mobile Enterprise Strategies Recommended Strategy Book Code Halos Recommended iPad App Code Halos for iPads

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and digital transformation analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.

More Stories By Kevin Benedict

Kevin Benedict is an opinionated futurist, Principal Analyst at the Center for Digital Intelligence™, C4DIGI.com, emerging technologies analyst, and digital transformation and business strategy consultant. In the past 8 years he has taught workshops for large enterprises and government agencies in 18 different countries, and is a keynote speaker at conferences worldwide. He spent nearly 5 years working as a Senior Analyst at Cognizant (CTSH), and 2 years serving in Cognizant's Center for the Future of Work where he wrote many reports, hundreds of articles, interviewed technology experts, and produced videos on the future of digital technologies and their impact on industries. He has written articles published in The Guardian, wrote the Forward to SAP Press' book titled "Mobilizing Your Enterprise with SAP", published over 3,000 articles and was featured as thought leader and digital strategist in the Department of Defense's IQT intelligence journal. Kevin lectures and leads workshops, teaches and consults with companies and government agencies around the world to help develop digital transformation and business strategies. Visit his website at C4DIGI.com.