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Managing healthcare using the Internet of Health Things

The Internet of Health Things (IoHT) is already delivering tangible cost savings. But continuous investment is essential. To succeed in the digital economy, healthcare providers and payers must take full advantage of IoHT now to grow their businesses in the long-term.

Managing the future of healthcare requires understanding its historical context.

It is the convergence of these value-added waves that is accelerating the pace and scale of change, making new services a possibility.

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THE IoHT CONCEPT IS NOT NEW

The concept of the INTERNET OF HEALTH THINGS is not new. Many of the ideas behind IoHT have been with us for MORE THAN TWO DECADES.

Were all being actively discussed as early as the late 1990s.

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WHAT IS NEW?

The Internet of Health Things (IoHT) is already delivering tangible cost savings. But continuous investment is essential. To succeed in the digital economy, healthcare providers and payers must take full advantage of IoHT now to grow their businesses in the long-term.


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THE URGENCY RESULTS FROM:


  • The digitization of everything

  • Consumer expectations that transcend industry boundaries

  • Regulatory changes (for example, fee for volume to fee for value)

  • Demographic shifts (aging population and the explosion of chronic disease)

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THE IoHT ERA IS DIFFERENT

IoHT has evolved through the three waves of digital transformation to open up the possibilities of growth for tomorrow.

Although IoHT concepts have existed for some time, now new technologies can make these concepts a reality—and at scale. The IoHT era is different from the internet era in several important ways.

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Internet era vs. IoHT era

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ABOUT THE SURVEY

Accenture commissioned an online survey of 77 healthcare payers and 77 healthcare providers in the United States. The survey aimed to understand the current position of respondents with respect to the use of Internet of Health Things technologies and tools and find out what investments they were making and where. Organisations included in the survey had annual revenues of more than US$50 million and sample job titles were C-suite, mainly CEO and CIO. The overall margin is +/- 8 percentage points at the 95 percent confidence level. The survey was conducted by McGuire Research between January 29 and February 19, 2016.



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