There is no doubt that for healthcare providers a transition is taking place. There is a shift from a traditional approach of developing product or building hospitals into a new and more smart approach that focuses on leveraging digital platform as we do in other aspects of our lives today.
Siemens Healthineers are confident that digitalization in healthcare holds great promise and many of today’s healthcare challenges can be overcome1. Now is the time for a major transformation to shape the future of the Med-Tech sector.
One example is RFID technology: In the face of a changing healthcare landscape, digitalization of space and asset management becomes a critical element for productivity, cost-efficiency, and patient experience.
Healthcare companies are integrating RFID and beacon technologies more and more to create smart hospital rooms that allow caregivers to improve patient safety and experience. IoMT enables hospitals by providing data about their assets that can be used even for providing new services. There are great examples
Does your company have a digital strategy?
- Why is digital strategy important to your business?
- What are your core digital capabilities? Are you able to develop new digital products?
We see MedTech companies currently affected and challenged by increasing pace of digitalization – questions regarding positioning, digital know-how, and execution — from automation to connectivity and analytics.
One of the most valuable things we do with many of our clients is to help them to develop and implement smart digital technologies into their portfolio. We believe that MedTech companies cannot rely on their traditional hardware and software solutions.
Internet of Medical Things
With IoMT MedTech companies can transform their business and find new business opportunities to grow and offer differentiated solutions to increase both clinical and economical value in hospitals.
For one large manufacturing client, I was brought in to work with, we developed product strategies and digital platforms to transform their conventional portfolio. The CEO was looking for integrated technologies for improving clinical outcome and patient safety. They often talked about “hardware based solutions” and “we are under price pressure” or “we don’t offer enough differentiation”.
I’ve seen other companies, successful companies, that are focused on infra-structure and capital good medical products that have the same complaints and feedback for years, but yet they do nothing about the transformation of their portfolio.
Here some questions for you to consider:
- What internal and external mechanisms do you have in place to ensure you’re continually screening new digital capabilities which could increase the value of your products?
- Do you gather information about technologies which enable you to address new use cases in a hospital?
If you want to explore scalable and high impact digital solutions, then reach out directly to me, and we can talk about our capabilities to help you.
