IIC Journal of Innovation 4th Edition | Page 21

How IoT Can Significanlty Improve Healthcare in the Context of Smart City Similarly, evaluating component-level wear and tear patterns (for instance, only one bush of motorized platform getting exhausted in an MRI machine rather than both, requires part swapping) will help control costs and mean time between repairs (MTBR). Evaluating medical diagnostic equipment handling and usage patterns (average exam time per patient and body region, MTB patient exams, average study prep time), comparing against standard operating procedures and providing guidance to operators/users, will help additionally cut non-usage time and improve utilization for hospitals. For the equipment provider, it will enhance product life cycle and hence profitability 3. Automated Documentation/Connected medical devices As mentioned above, there is a tremendous shortage of medical professional (physicians and nursing personal) across the globe. Even for the ones available, efficiency goes down due to complex compliance related to patient health data documentation. In the last decade, the data capture process has maturated from paper-based patient reported outcome (PRO) to electronic PRO (ePRO). But the process still involves manual activities such as data entry by patient into the ePRO. Further downstream, medical professionals have to scan it and then enter it into the electronic medical record (EMR) system. This is still a complex and time- consuming process from the perspective of physicians. According to a leading research agency, the global medical equipment maintenance market (remote monitoring & maintenance) is expected to reach USD 2.24 billion by 2020 from USD 1 billion in 2015, at a CAGR of 16.7%. 12 These services can create significant savings for hospitals by preventing equipment downtime and hence improving utilization rates. Some vendors like Olympus Medical and Siemens Healthcare have been offering related service (i.e., remote failure diagnosis, Over the Air updates services). They are further maturing with introduction of deep analytical models and easing out on cloud specific restrictions. 12 In a clinical trials scenario, integration between ePRO and cloud-based EMR systems enables automatic and secure import of clinical data from the ePRO directly into the electronic data capture system. For other scenarios, connected medical devices at investigational sites record patient clinical data directly into an electronic application, removing paper from the current standard electronic data capture model and making the process user friendly and highly automated. This will enable better adoption rates for EMR systems among care givers universally, improving the score on the Smart City health care parameter. 13 Realizing the benefits of this ecosystem, players http://www.marketsandmarkets.com/Market-Reports/medical-equipment-maintenance-market-69695102.html 13 http://medicaleconomics.modernmedicine.com/medical-economics/content/tags/ehr/physician-outcry-ehr-functionality-cost-will-shake- health-informa?page=full 20 June 2016