5G can create a healthier Internet of Medicine

Internet of MedicineIoT applications in the health care industry are already helping create better access and outcomes for patients and exposing new opportunities for providers.

Cost-of-entry for diagnostic machines like MRIs are significantly reduced with pay-per-use models like those provided by Philips and GE, which also increases access for patients by putting more machines in more places.

The Internet of Medicine (IoM) has also enabled virtual office visits, subscription-based health care, and internet-enabled wearable devices that can detect acute illnesses faster.

According to a June 2015 study from McKinsey & Company, the economic effect from cloud-connected health technology could reach $1.1 trillion a year in the next 10 years, and it helped reduce claims costs by $250 billion in 2015.

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