Driving Innovation in Healthcare: How an Ecosystem Approach to IoMT has the Potential to Transform Patient Care and Cost Management

Presented herein is a guest discourse by Zack Tisch, Senior VP of Innovation and Life Sciences at Pivot Point Consulting. Historically, medical devices have contributed value to healthcare, but within isolated spheres. Wearables, home tech, and in-facility tools operate independently, collecting data without cross-provider or specialty integration. A transformative shift beckons, compelling healthcare entities to interlace data from the Internet of Medical Things (IoMT) cohesively into patient care workflows, fostering enhanced outcomes. Facilitating this evolution necessitates strategic orchestration and infrastructure to harmoniously assimilate diverse inputs and optimize patient care processes. Although medical device data has been accessed by several healthcare establishments, its use remains fragmentary, leading to inefficiencies and untapped potential due to disjointed initiatives across disciplines such as geriatric medicine and bariatrics. Such disconnects yield redundancies, inflated IT expenses, and missed synergistic prospects.