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Smart Home Healthcare Tech Setting Up to Do Great Things

Posted on March 31, 2016 I Written By

Anne Zieger is veteran healthcare consultant and analyst with 20 years of industry experience. Zieger formerly served as editor-in-chief of and her commentaries have appeared in dozens of international business publications, including Forbes, Business Week and Information Week. She has also contributed content to hundreds of healthcare and health IT organizations, including several Fortune 500 companies. Contact her at @ziegerhealth on Twitter or visit her site at Zieger Healthcare.

Today, I read a report suggesting that technologies allowing frail elderly patients to age in place are really coming into their own. The new study by P & S Market Research is predicting that the global smart home healthcare market will expand at a combined annual growth rate of 38% between now and the year 2022.

This surge in demand, not surprisingly, is emerging as three powerful technical trends — the use of smart home technologies, the rapid emergence of mobile health apps and expanding remote monitoring of patients — converge and enhance each other. The growing use of IoT devices in home healthcare is also in the mix.

The researchers found that fall prevention and detection applications will see the biggest increase in demand between now and 2022. But many other applications combining smart home technology with healthcare IT are likely to catch fire as well, particularly when such applications can help avoid costly nursing home placements for frail older adults, researchers said. And everybody wants to get into the game:

  • According to P&S, important players operating in this market globally include AT&T, ABB Ltd, Siemens AG, Schneider Electric SE, GE, Honeywell Life Care Solutions, Smart Solutions, Essence Group and Koninkllijke Philips N.V.
  • Also, we can’t forget smart home technology players like Nest, and Ecobee will stake out a place in this territory, as well as health monitoring players like Fitbit and consumer tech giants like Apple and Microsoft.
  • Then, of course, it’s a no-brainer for mobile ecosystem behemoths like Samsung to stake out their place in this market as well.
  • What’s more, VC dollars will be poured into startups in this space over the next several years. It seems likely that with $1.1 billion in venture capital funding flowing into mHealth last year, VCs will continue to back mobile health in coming years, and some of it seems likely to creep into this sector.

Now, despite its enthusiasm for this sector, the research firm does note that there are challenges holding this market back from even greater growth. These include the need for large capital investments to play this game, and the reality that some privacy and security issues around smart home healthcare haven’t been resolved yet.

That being said, even a casual glimpse at this market makes it blazingly clear that growth here is good. Off the top of my head, I can think of few trends that could save healthcare system money more effectively than keeping frail elderly folks safe and out of the hospital.

Add to that the fact that when these technologies are smart enough, they could very well spare caregivers a lot of anxiety and preserve older people’s dignity, and you have a great thing in the works. Expect to see a lot of innovation here over the next few years.

AT&T/IBM Deal Pushes Cloud Back into the Healthcare Spotlight

Posted on October 10, 2012 I Written By

As Social Marketing Director at Billian, Jennifer Dennard is responsible for the continuing development and implementation of the company’s social media strategies for Billian’s HealthDATA and Porter Research. She is a regular contributor to a number of healthcare blogs and currently manages social marketing channels for the Health IT Leadership Summit and Technology Association of Georgia’s Health Society. You can find her on Twitter @JennDennard.

I remember 2010 as if it were yesterday. I was somewhat new to the healthcare industry, attending my first Healthcare IT Summit, and trying to make sense of all the buzzwords flying around as a result of the HITECH Act being passed the year before. Cloud computing was definitely a hot topic – one that seems to have stood the test of time in the intervening years. Granted, I think its popularity has been somewhat superceded by phrases like mobile health, accountable care, patient engagement and electronic medical records (of course) over the last 18 months, but a recent flurry of cloud-related headlines may forecast a resurgence.

A report released earlier this year from MarketsandMarkets predicts that conditions are ripe for cloud computing to grow at an annual rate of 20.5 percent from this 2012 to 2017. (Bloomberg Businessweek puts the current market for cloud services at $14 billion.) The forecast makes a lot of sense when you look at it from the healthcare angle of Meaningful Use and EMRs. Providers, despite a few legislators’ recent objections, will likely continue to implement and attest during the next few years, leaving healthcare IT vendors – including those who put their EHRs in the cloud (Allscripts, NextGen and athenahealth are just a few that come to mind) – with no shortage of business opportunity.

And there are even more vendors behind those – the infrastructure folks like Verizon (See their recently announced HIPAA compliant cloud service) and Dell that provide the cloud’s backbone, so to speak. You may by now have seen headlines announcing that AT&T has partnered with IBM to offer a new model whereby “IBM … will provide the data-storage facilities and services, and AT&T will … offer the global network that clients will use to retrieve the data,” according to the Bloomberg write up. It is the closest relationship IBM has ever had with a phone carrier.

Undoubtedly, this new model will be tapped for healthcare purposes, but it’s still speculation as to just how it will be adopted for secure exchange of patient health information. I sent out a few feelers via my social networks to see if anyone related to either IBM or AT&T could provide more detail, and got back this statement from an IBM representative: “I would assume that there will be a HIPAA compliant component. It goes without saying that the healthcare industry is a HUGE segment for IBM.”

“Huge” just might be an understatement, as IBM has stated it wants to attain $7 billion in cloud revenue by 2015. In today’s terms, that’s just one vendor making up the current market value for cloud services.

I’ll be interested to see how this plays out, especially as previously lower profile (at least in the healthcare space) technology companies like Dell and IBM, and companies like AT&T and Verizon that are more widely known in the consumer market, continue to make healthcare IT headlines.