Healthcare reform has eluded Congress for more than two decades. It seems technology, driven by the Internet of Things (IoT), could well make the biggest transformation of all. In many respects, IoT is just what the doctor ordered. It holds the key to lowering medical costs, improving quality and making healthcare more personalized, accessible and affordable for average patients.
Call it the Internet of Medicine (IoM). From a financial standpoint, the annual impact from IoM could soon exceed a trillion dollars a year — revenue, by the way, that will increasingly rely on recurring revenue arrangements.