mHealth May Produce $305B in Productivity Savings by 2021
"mHealth in an mWorld: How mobile technology is transforming health care" examines factors driving the adoption of mHealth and opportunities it presents to lower costs and improve patient outcomes.
Some of the key points related to mHealth in the report include:
• The capabilities offered by mobile technologies are fast being appreciated by the healthcare industry with a raft of devices, sensors, apps and other programs being developed that target chronic conditions, telemedicine and remote monitoring, patient data capture, electronic records, e-prescribing and the parallel industries of fitness and wellness.
• Analysts expect the mHealth market's value will increase to $11.7 billion by 2018, a compound annual growth rate of 39 percent. The market was estimated at $1.2 billion in 2011.
• mHealth holds promise for improvement along the value chain — maximizing professionals' time and productivity, improving quality, increasing access and equity, stimulating greater consumer involvement and potentially decreasing costs.
• The extent to which stakeholders create user confidence through adequate privacy and security protections will play a key role in accelerating or retarding the adoption of mHealth and the realization of benefits.
To view the report, click here.
More Articles on mHealth:The Impact of Mobile Devices & BYOD on Healthcare Today and Tomorrow
11 Ways to Protect Patient Data on Mobile Devices
HHS Releases Tips to Protect Patients' Information on Mobile Devices
© Copyright ASC COMMUNICATIONS 2014. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New From Becker's Hospital CIO