The benefits

Benefits of interoperable medical devices

• Consistent, standards-based data, data formats, terminology, and taxonomy

• Efficiency of exchanging data between healthcare equipment, clinics, laboratories, hospitals, including EMR's (Electronic Medical Records) systems

• Reduced time and resources required for implementing new medical devices in a healthcare organization vs custom or proprietary technologies

• Reduced time and resources required for converting and processing data and streamlining workflows for clinicians while in use vs legacy or custom/proprietary technologies

• Ability to integrate information from multiple medical devices gives clinicians a more comprehensive view

• Sharing data across medical devices, Electronic Medical Record systems, and multiple organizations enables clinicians to work more collaboratively, leading to better coordination of care and improved clinical outcomes

• Ease of implementation and use for remote patient monitoring including deployment in geographically disparate locations

Benefits of adopting remote patient monitoring

• Act as an early warning system to detect symptoms for out-patients

• Be able to reach more patients who may not have access to in-person healthcare services or specialty clinics

• Adoption of commodity devices enables more patients to be monitored at the same time for an indication and analysis of population health

• Reduced costs for both patients and the healthcare system

• Reduced load on the healthcare system and workers

Benefits of integrating Artificial Intelligence / Machine Learning with interoperable medical devices

• With the already increasing vast amounts of medical data being generated, it can be difficult for human clinicians to analyze, whereas AI/ML can quickly and accurately analyze vast amounts of data from multiple sources (including medical devices, medical history, EMR's, multiple organizations), improving efficiencies for diagnosis and treatment

• Analyze data and provide insights that may be missed by human clinicians, detect subtle changes in patient's vital signs that may indicate developing medical conditions

• Help clinicians identify potential health problems earlier, develop more effective treatment plans, detect patterns in population health to provide early intervention and help to prevent the progression of outbreaks, viruses, and diseases

• Reduced workload on healthcare professionals allowing for improved patient care and reduced burnout

Benefits of interoperability on the healthcare industry

• To quantify the increased efficiencies and capabilities and reduced load on the healthcare system, studies have shown that the implementation of interoperability standards across all healthcare entities nationally can reduce overall healthcare costs by approximately 1%.

  • At a cost of an overall approximately 4 trillion dollars in America, the national cost of healthcare would be reduced by 40 billion dollars.

  • At a cost of an overall approximately 200 billion dollars in Canada, the national cost of healthcare would be reduced by 2 billion dollars.

• Interoperability of medical equipment is one part of this solution.