The Internet of Things Is Transforming Health Care, But There’s One Huge Risk

googlecontactlens-large_600x400From fitness trackers to medical devices that track specific conditions such as Huntington’s disease or asthma, technology and healthcare companies are increasingly joining forces to utilize the Internet of Things to better monitor patients’ health and help prevent diseases.

The possibilities for both device makers and Big Pharma to collaborate with tech companies are vast, which is no surprise given that more than $3 trillion was spent on healthcare in the U.S. in 2014, and likely even more than that in 2015, according to the Centers for Medicare & Medicaid Services.

Alongside countless digital health startups, a wave of collaborations has already taken place as companies look to get ahead of what remains a very ill-defined market. But these new opportunities aren’t without risk, and for device makers and other healthcare companies, that uncertainty is largely centered around security.

By  | The Street

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About Peter Coffaro 1104 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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