Trends in RFID

Publication Date:           August 2005
Number of Pages:          60
Number of figures:         30
Report Price:                 $1,995 U.S. Dollars
        
enterprise pricing available upon request

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Introduction  (download paper overview)

Trends in RFID presents the findings of an end-user market study
focused on the current state of Radio Frequency Identification (RFID)
adoption by
healthcare organizations across the United States.  The
report uncovers strong opinions regarding the market opportunities and
challenges for deploying RFID solutions for positive patient identification,
accurate mobile asset and patient tracking and supply chain inventory
management to help increase operational efficiency and improve the
quality of care.

The content for
Trends in RFID was derived from over 100 in-depth
interviews with healthcare organization professionals working in a variety
of functional areas including
pharmacy, clinical engineering,
materials management
and medical/nursing informatics.  These
professionals were representative of a broad range of organization types
and sizes.  

The telephone interviews were conducted over a 3-month period starting
in April 2005. The purpose of the interviews was to identify the needs
and requirements for RFID through discussions about existing workflow
inefficiencies, usage of wireless and RFID-based solutions today, and
the potential impact for deploying RFID in the future.

Spyglass also evaluated key vendor product offerings and identified
early adopter organizations that have successfully deployed RFID-based
solutions.


Target Audience

  • Software and hardware vendors, systems integrators and
    management consultants who are selling mobile computing
    devices, applications and services into the healthcare industry.
  • Hospital administrators and IT executives who are making
    strategic decisions to fund clinical information technology solutions
    including mobile computing.  
  • Clinicians who are involved in informatics and clinical system
    evaluation and selection.
  • Investment banking and private equity investors


Abstract

Radio Frequency Identification (RFID) is a disruptive technology
that has broad applicability across the healthcare industry.
 With
RFID, healthcare organizations (HCOs) can automate inefficient manual
processes to help increase operational efficiency and improve the
quality patient care delivery.  RFID enables HCOs to positively identify
patients, accurately track mobile assets and patients, and optimize
supply chain inventory management and logistics.  

Over the past few years, excitement and hype for RFID have been
driven by initiatives and mandates by Wal-Mart and the Department of
Defense.  Unfortunately, healthcare organizations are finding it difficult to
leverage these experiences because the needs/requirements and
market dynamics of the healthcare industry are significantly different
than the retail and government sectors.

HCOs are investing in RFID today.  Healthcare organizations are
investing in RFID solutions today to better understand the viability of the
technology and to figure out how to leverage RFID to solve real
problems within their organizations.  

Active solutions are propelling growth of RFID in healthcare.  
Healthcare organizations are primarily deploying active RFID solutions
for tracking assets and patients.  With RFID, HCOs are achieving a
compelling ROI to help increase operational efficiency and improve the
quality of patient care.  

Passive RFID solutions lack a compelling business case.  
Healthcare organizations are having difficulties identifying a compelling
business case to justify an investment in passive RFID for patient safety
and inventory/supply chain management solutions.  
RFID solutions are not ready for large-scale, enterprise-wide deployment
due to healthcare organization concerns about network infrastructure,
network scalability, application availability, and systems integration
complexities.  
Spyglass Consulting Group
Market Intelligence for Competitive Advantage