The $2 trillion ecosystem of hospitals, physicians, pharmaceutical companies, and insurance providers will be spending tens of billions of dollars over the next five years on telecommunications services. Rising healthcare industry costs and a shortage of skilled staff have created a lucrative opportunity for technology and service providers, as hospitals and other front-line healthcare providers look to adopt new technology to lower their operating costs. Wireless LANs, VoIP deployments, the RFID tagging of patients and hospital assets, as well as extending care to remote patients via telemedicine applications all promise to lower healthcare delivery costs. While the initial deployment analysis for revamped technology suggested long ago an increase in productivity and reduction in healthcare providers operating costs, more recent studies of patient satisfaction, the availability of federal grants, and upcoming Medicare reimbursement policy for connection charges suggest that in the months and years ahead the healthcare industry is ready to make the commitment to a new generation of networking technology.
This study examines the emergence of techno-healthcare, surveys the rollout plans for a representative number of US hospitals, and forecasts spending for hardware and network services across the healthcare industry.
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