Finding a Place for Real Time Location Systems in Healthcare (Strategic Focus)

Published by: Datamonitor

Published: Dec. 25, 2008 - 7 Pages

Table of Contents

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

Abstract

• Identifies the key barriers to greater RTLS adoption
• Provides examples of RTLS applications in healthcare
• Analyzes the current trends in the RTLS market

• 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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