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RFID & Emerging Technologies Guide to Healthcare
Fast Track Technologies Ltd, April 2005
What if a person could enter a hospital with the confidence that his/her treatment would be successful, efficient, safe, and environmentally clean, with accurate and seamless billing? It may be hard to fathom, but we have the technology to achieve this utopia. Our medical system doesn't have the infrastructure, funding, knowledge or will to fully address these issues. I trust this study will provide you with the tools you need to achieve this goal.
The solution is at hand, through the combined technologies of the new healthcare supply chain: wireless networks, radio frequency identification (RFID), and medical device/instrument connectivity. These technologies are laying the infrastructure for the 21st century medical delivery system.
Potentially devastating major trends are gaining momentum. If not addressed immediately, their impact could result in unforeseen consequences. These trends include the following:
Aging population.
Increasing medical error deaths (drug and site infection).
Shortage of qualified healthcare personnel.
Unwillingness to fund the healthcare technology infrastructure.
Resistance to new, emerging technologies by an older generation of healthcare providers - creating a generational professional schism due to lack of knowledge and status quo that permeates throughout healthcare institutions.
The healthcare industry can heed these signs by taking prudent investment steps in the technology that will minimize their impact.
Fast Track Technologies (FTT) conducted numerous studies and the resultant conclusions were substantiated by several healthcare-oriented business leaders. FTT identified the trends, provided information on the technologies, analyzed the regulatory environment, explained the creative ways to obtain funding and suggested entrepreneurial market solutions. Additionally, FTT offers the healthcare vendor an understanding of the medical industry's multidisciplinary buying and decision motivators. Moreover, FTT provides tactical and product application insight for over 150 emerging technology healthcare vendors for each level involved in the decision-making process at a hospital.
Within this constructive framework, FTT has projected the acceptable minimum future revenue investment in healthcare technology. This in turn will address the high quality and accuracy of patient care, based on future patient expectations within our healthcare delivery system.
This study is a compendium of today's human and industry drivers. The current status of the healthcare infrastructure, the regulatory environment and the enterprising way government and business are addressing these issues, will determine tomorrow's needs for the healthcare industry and the patients they serve.
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