Skip to content Skip to navigation

Report: mHealth to Save the Health Industry $305 Billion

January 14, 2013
by Gabriel Perna
| Reprints

According to a recent research report from Deloitte, over the next 10 years, mobile health (mHealth) devices will save the healthcare industry $305 billion in increased productivity due to "reduced travel time, better logistics, faster decision-making, and improved communications." Remote home monitoring, authors of the report say, will save the industry nearly $205 billion in the same time period.

The report, mHealth in an mWorld: How mobile technology is transforming health care, looks at what is driving mHealth adoption and where there are additional opportunities. All in all, the researchers say that after a slow start, mHealth is becoming increasingly adopted and accepted as a way to manage and target chronic conditions, capture patient data, and share patient records, among other things.

“mHealth technologies are a valuable partner in healthcare’s shift towards a delivery model that is patient-centered and value-based,” authors of the report say.

The report says it will be important for the industry to monetize mHealth, as it says there is scant evidence of successful business models thus far. Other challenges the industry faces are privacy and integration with traditional medical devices.  

Overall, though, Deloitte researchers say an “integrated mobile strategy should be a key component of growth strategies for providers, health plans and biopharma and med-device companies.”

This isn’t the first study that has looked at the positive implications of mHealth. In December, HIMSS Analytics found that roughly 66 percent of health IT leaders responding to a survey say mobile technology would substantially or dramatically change the future of patient care delivery.

Topics

News

St. Jude Medical Responds to Poor Security Claims on its Cardiac Devices

August 31, 2016
St. Jude Medical officials have attested that the allegations made regarding the lack of security and safety of the manufacturer’s cardiac devices are “false and misleading.”

HHS Awards Funding to Improve State-Level Data Collection and Analysis Around Opioid Misuse

August 31, 2016
HHS has announced $53 million in funding to 44 states, four tribes and the District of Columbia to combat the opioid crisis with a specific focus on reducing opioid related deaths and strengthening drug misuse prevention efforts.

Fourteen Texas Health Hospitals Get Revalidated with Stage 7 EMRAM

August 31, 2016
Fourteen Texas Health Resources (Texas Health) locations have been revalidated with Electronic Medical Record (EMR) Adoption Model Stage 7 recognition, according to an Aug. 31 announcement from HIMSS Analytics.

Only 29 Percent of Hospitals Conducting Precision Medicine But Efforts Are Gaining Momentum, Study Finds

August 31, 2016
Currently there is limited adoption of precision medicine programs across U.S. hospitals and the majority of organizations conducting precision medicine are focused on cancer, according to a recent study from HIMSS Analytics.

Cerner, 3M Partner for Patient-Centric Population Health

August 31, 2016
Two major healthcare IT vendors, Cerner and 3M Information Systems, have announced a partnership in which 3M’s patient-focused episodes software will be integrated with Cerner’s population health management platform.

Study: App Developed for Inpatient Rounding, Handoffs Improves Note Taking and Patient Care

August 30, 2016
A smartphone app built as an inpatient rounding and handoff tool was quickly adopted by clinicians and facilitated real-time data entry, according to a recent study.

ONC Announces Blockchain Health IT Challenge Winners

August 30, 2016
The Office of the National Coordinator for Health Information Technology (ONC) has announced the winners of its “Use of Blockchain in Health IT and Health-related Research Challenge.”

AMA Launches Enhanced Geospatial Mapping Tool Identifying Underserved Patient Care Areas

August 30, 2016
The American Medical Association (AMA) this week unveiled enhancements to its Health Workforce Mapper, an interactive mapping tool that can help healthcare providers identify underserved patient care areas.

Indiana Medical Clinic and Long Beach Health Plan Report Data Security Incidents

August 29, 2016
Orleans Medical Clinic located in southern Indiana reported that it was recently the victim of a hacking incident of its network server resulting in inappropriate access to the protected health information about 6,800 patients.

Study: Integrating Mental and Physical Healthcare Services Leads to Better Outcomes, Lower Costs

August 29, 2016
Patients receiving healthcare services in team-based practices that integrated mental and physical healthcare services used fewer healthcare services, had lower total costs and better clinical outcomes, according to an Intermountain Healthcare study.

Report: Despite Widespread Usage, Docs Relatively Dissatisfied with EHRs

August 29, 2016
Very few physicians these days operate their practices without an electronic health record (EHR), but satisfaction levels with the technology have dropped some, according to Medscape’s EHR Report 2016.

athenahealth Acquires Care Coordination Platform Patient IO

August 29, 2016
athenahealth has acquired Austin-based care coordination platform Patient IO (officially known as Filament Labs, Inc.) and the mobile solution will form the basis for athenahealth’s patient-facing mobile app, athenaWell.

Muddy Waters Report: St. Jude Medical’s Cardiac Devices Vulnerable to Cyber Attacks

August 29, 2016
St. Jude Medical, a Minnesota-based global medical device manufacturer, saw its shares drop last week after a Muddy Waters Capital report noted demonstrations of cyber attacks to two of the company’s cardiac devices.

OCHIN Offers Data Aggregation System

August 28, 2016
OCHIN, an Oregon-based nonprofit health IT services organization, has launched a real-time data aggregation system that it says allows healthcare organizations to enhance care delivery and improve business operations.

Global Healthcare IT Solutions Market Worth $228 Billion by 2020, Report Says

August 26, 2016
The global healthcare IT solutions market will be worth $228.79 billion by 2020, growing at a compound annual growth rate of 13.4 percent, according to a forecast by India-based market research firm MarketsandMarkets.

Pages