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[new] RFID industry veteran, Brad Sokol, will be introducing "A Roadmap to Medical Tool Pedigree" tomorrow at the RFID Applications conference in Washington DC. Targeting things like surgical instruments... Medical Connectivity Consulting - Wednesday February 22, 2006 Could Saw RFID Tags Serve Health Care? Medical Connectivity Consulting A study released by Chicago-based Fast Track Technologies Ltd. predicts the health care market for radio frequency identification technology will soar to $8.8 billion by 2010. Bradley H. Sokol .......read more" RFID TIMES: April 23, 2005 Important New Industry Handbook Predicts: RFID Hospital Healthcare Market to Hit $8.8 billion by 2010 RFID Journal October 2004 Medical Instrument Tracking could reduce health risk Release of RFID Marketing Guide |
May / June 2006 Trends in RFID Radio frequency identification isn't intended to replace barcodes. Instead, they can be very complementary technologies, as hospitals are finding out. By Tom Inglesby If big numbers impress you, consider that, according to Bradley Sokol, CEO of Fast Track Technologies (FTT), the application of radio frequency identification (RFID) and related technologies in the hospital marketplace will increase to $8.8 billion in just 4 years, in 2010. Of that, $4.0 billion will be in the now nascent technology of RFID alone, with the rest associated with connectivity and infrastructure. Sokol muses, "What if a person could enter a hospital with the confidence that his or her treatment would be successful, efficient, safe, and environmentally clean, with accurate and seamless billing? It may be hard to fathom, but we have the technology to achieve this utopia. However, our medical system doesn't have the infrastructure, funding, knowledge, or will to fully address these issues." He explains, "The solution is at hand, through the combined technologies of the new healthcare supply chain: wireless networks, radio frequency identification, and medical device/instrument connectivity. These technologies are laying the infrastructure for the 21st century medical delivery system." While at present, fewer than 10% of hospitals surveyed have actually deployed RFID, more than 27% have started with a pilot project or are testing the technology. Fully 55% are or recently have investigated using RFID in some part of their facility according to a BearingPoint/NAHIT (National Alliance for Health Information Technology) report. A key finding was that improvement to patient safety was cited as the top benefit from RFID. Patient Safety & Quality Healthcare |