Medtech 3.0 strategies to thrive in digital health

According to a report by Global Market Insights Inc., the US healthcare cloud computing market is set to hit $55 billion by 2025. Medical device manufacturers who embrace cloud computing are poised to reap big rewards in the form of increased profits, improved efficiencies, and decreased costs.

However, connectivity for the sake of connectivity won’t add value. Medtech leaders should look to leverage connectivity and digital technologies to activate data at the point-of-care, across the continuum of care and at the enterprise level, which requires eliminating data silos.

As you look to thrive in Medtech 3.0, we outlined three key strategies to ensure success: 

1. Remote Device Support and Over-the-Air (OTA) Updates Drive Significant Cost Savings

Remote access to enable upgrades, maintenance and surveillance are examples of the practical, cost-saving and efficient deployment of digital health technology.

2. When it Comes to Privacy and Security Compliance Don’t Cut Corners

With regulatory bodies globally continuing to expand and revise regulations, and ever-increasing security threats, it’s important to make security and privacy a priority. Regulatory bodies including the FDA are now more calibrated and consistent in its review of digital health solutions. Medtech should consider how security risk can potentially impact not only data privacy and security, but the potential patient safety concerns as well.

3. Take an Integrated Ecosystem Approach

It’s no longer just about owning your space in the clinical setting, it’s necessary to take an ecosystem approach. Providers, administrators, payers, patients all have a stake—and their own interests.

We welcome the opportunity to discuss how BrightInsight can support medtech’s high-value regulated digital health use cases, including remote patient management, remote device condition monitoring, configuration and control. Connect with us here.

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