Real-Time Location And Mobile Health Solutions Gain Traction, Show ROI

According to a recent presentation at a Stanford Business forum, healthcare Real-Time Location Systems (RTLS) is an emerging market equaling $325 million worldwide, with an addressable market that is larger. Intelligent Insights on Wednesday ramped up the sector by announcing that it won a $543 million contract with the Department of Veteran’s Affairs (VA) to deploy RTLS technologies across 152 medical centers in 5 years.

RTLS is expected to enable “operational efficiency, quality, compliance, decreased operational costs, reduced delays in patient care, and increased staff productivity,” said Kimberly Brayley, Director, RTLS Project Management Office at the VA in a prepared statement.

The VA plans to gather data from millions of RTLS and RFID tags on its medical equipment, surgical instruments, and supplies, the statement explained, to ultimately improve visibility, analytics, and intelligence into operational processes...