The dynamics and strategic analysis of wireless communications technology in the healthcare industry

Abstract

The healthcare industry like other industry is on the cross roads as a result of rising demand for healthcare delivery and service, the industry is facing declining revenues and increasing cost. As a result, one of the industry's strategic arsenal to avert the continual declines in revenue and increases operating cost is to effectively use modern technology in form of wireless computing and communications technology to change the paradigm shift to improve outcomes of clinical services, enhance physician and nurse productivity and work flow efficiency, reduce supply chain cost, improve revenue collection and practice profitability. This report presents the dynamic and strategic analysis of wireless communications technology in the healthcare industry, by first evaluating the wireless technologies, industry standards and regulations, applicable standards for the healthcare information systems and innovative healthcare technologies.

(cont.) Based on an in-depth technical analysis of the wireless technology, I analyzed the market and industry by applying frameworks including Porter's 5 forces and The Delta model and system dynamics models presented to illustrate contributing factors affecting new technology adoption in the healthcare industry and a holistic view of a healthcare IT system architecture. Lastly, I analyzed emerging wireless technologies including WiMAX, UltraWide -Band and RFID, and reviewed market opportunities in the healthcare industry through 2011.