The adoption of remote monitoring solutions can lead to saving some $175-200 billion in annual healthcare costs for managing chronic diseases in OECD and BRIC countries, according to a new report.
The report was issued by global management consultancy firm McKinsey, and the GSMA, an association of mobile operators and other companies active in the mobile industry.
The figures were released as part of the Embedded Mobile initiative, a program designed to accelerate the global adoption of wireless connectivity in a wide range of devices in key vertical markets such as healthcare, consumer electronics, automotive and utilities.
As part of the plan, the GSMA has formed a partnership with the Continua Health Alliance, a non-profit, open industry organization of healthcare and technology companies, to promote innovation and drive the use of embedded mobile solutions in healthcare.
Alex Sinclair, Chief Technology and Strategy Officer at the GSMA, said that the rise in the number of connected devices will lead to a reduction in the cost of innovative healthcare solutions.
The GSMA said the move, which emphasizes the important role embedded mobile technology will play in healthcare, will grow and promote the global mHealth sector.
The organization said that the mobile industry can contribute substantially to improving the accessibility of healthcare systems around the world, as well as helping to reduce costs, by providing solutions to diagnose disease, monitor patient health and intervene ahead of acute events.
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