Smart Homes Poised to Play a Key Role in Enhancing Healthcare Experience, Frost & Sullivan Says

The home will emerge as an increasingly valuable site for enhancing the healthcare experience as part of the progression of digital, remote, connected and virtual care, according to new research from Frost & Sullivan. Health systems are evolving beyond care delivery of the diseased to encompass numerous health and wellness touchpoints, transforming it from disease management to health management.

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This was one of the key issues discussed at the recent Frost & Sullivan GIL Executive Briefing on the topic "The 2025 Smart Home for Delivering Healthcare" at the Conrad Centennial, Singapore on 13 September 2018.

"With the transition from volume- to outcomes-based care, there will be significant impact on patient engagement strategies in terms of adoption of wearables, apps and digital therapeutics with value and innovation remaining relevant," said Reenita Das, Partner and Senior Vice-President, Transformational Health.

One of the most notable disruptions in healthcare services over the next five years will be the concept of Smart Homes, which involve a connected ecosystem of sensors and devices on and around the individual at home.

According to Frost & Sullivan, smart homes will amplify the benefits of precision health through personalization, decentralization, collaboration and prevention. Driven by the Internet of Things (IoT) and other technologies, smart home can deliver improved consumer experiences by communicating data between wearables, home monitoring devices, home-based sensors, consumer electronics and mobile apps.

With this paradigm shift, the focus of a smart home will evolve from meeting critical care needs such as Aging-in-place, Chronic Disease Management and Post-acute Care Monitoring to focusing on overall health and wellness in areas of Maternal, Infant & Child Health, and Care for physically and Intellectually Disabled and Health and Wellness for All.

At present, current tech interventions for medical specialties work in silos, providing disease-specific insights. However, the intelligent homes of the future will bring together technology to offer a holistic picture of a person's health, providing quantifiable changes over time. An example would be the smart toilets and sensors in the home of the future which will analyze factors such as the number of bathroom visits, urine output and chemical composition.

In-depth connected ecosystems focusing on wellness and management will offer the greatest opportunities to industry and non-industry players. There will also be an increased need for cross-industry partnerships.

With data the new currency in healthcare, there is greater need for cybersecurity risk management services to prevent loss of confidential patient data and workflow disruption across critical care infrastructure. However, many healthcare organizations lack the dedicated resources to manage this. Hence, they will increasingly depend on vendor partners to provide cyber-risk management and compliance services such as threat assessment and incidence response.

(For more information visit https://ww2.frost.com/).