Finding a Place for Real Time Location Systems in Healthcare (Strategic Focus)
Datamonitor
December 25, 2008 7 Pages - SKU: DFMN2090523
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Introduction
RTLS, particularly the use of radio frequency identification (RFID), have been a hot topic in healthcare circles recently. Despite the buzz, however, adoption has been slow. This report will examine RTLS in healthcare and determine if the hype around it is deserved.
Scope- Identifies the key barriers to greater RTLS adoption
- Provides examples of RTLS applications in healthcare
- Analyzes the current trends in the RTLS market
Highlights
Decreased costs, increased efficiencies and better patient care are driving RTLS adoption
RTLS is a 'nice to have,' not a 'must have' yet
Increased standardization and advanced functionality are trends in the RTLS market
Reasons to Purchase- Understand where RTLS is today and where it will be in the near future
- Identify strategies that will increase RTLS adoption
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- Overview
- Catalyst
- Summary
- Key Messages
- Decreased costs, increased efficiencies and better patient care are driving RTLS adoption
- RTLS is a 'nice to have,' not a 'must have' yet
- Increased standardization and advanced functionality are trends in the RTLS market
- Table of Contents
- Table of figures
- Market Opportunity
- Providers have turned into hunter-gatherers; RTLS lets them focus on providing care again
- RTLS provides one of the most tangible ROIs of any healthcare technology solution
- Within a short time frame, asset tracking decreases hospital costs
- Workflow patterns are streamlined at every level of RTLS implementation
- RTLS noticeably improves patient care and patient and employee satisfaction
- Healthcare organizations are lost in the RTLS market
- Providers are confused by the number of different solutions and companies in the RTLS space
- Researchers question the accuracy, safety and privacy implications of RTLS technology
- RTLS is a 'nice to have,' not a 'must-have' yet
- Technology Evolution
- Providers should be able to mix and match RTLS solutions on a standardized platform
- Vendors are adding bells and whistles to RTLS, but end users will decide which are useful
- RTLS vendor partnerships: co-opetition is on the rise
- Actions
- Recommendations for healthcare organizations
- Leveraging existing Wi-Fi networks for RTLS is more cost-effective for providers
- Testing, testing, one two three... with the input of end users, RTLS must be tested in the hospital
- Hospitals should expect 110% from their vendors and work with them to improve RTLS
- Recommendations for technology vendors
- Continuing medical education: vendors need to increase RTLS awareness
- RTLS companies must be interoperable with other RTLS and other healthcare technologies
- RTLS healthcare-specific technology needs to continue to mature
- APPENDIX
- Abbreviations
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Figures
- Figure 1: North American and European hospital adoption of clinical applications in 2008 (n=150)
- Figure 2: North American and European hospitals' priorities for the next six months (n=150)
- Figure 3: RTLS technology varies from basic to advanced
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