The Medical Team

Whether you’re aware of it or not, the Internet of Things (IoT) surrounds you.
Just take a moment and look around your home. Or in your vehicle. Or at your
office. Chances are there is an IoT-connected device in your vicinity. The next
industry in queue?

A new category of personalized preventative health coaches" (Digital Health Advisors) will emerge.
These workers will possess the skills and the ability to interpret and understand health and well-being
data. They will help their clients avoid chronic and diet-related illness, improve cognitive function,
achieve improved mental health and achieve improved lifestyles overall. As the global population ages,
such roles will become increasingly important.And like the IoT, the IoM is a natural fit for the recurring revenue model, which helps make expensive equipment, processes, and services more affordable
over time. For instance, rather than purchasing an expensive imaging device,
smaller hospitals and facilities have opted to “rent” the equipment for a
monthly fee and charge per scan. Other hospitals have begun offering a pay-
per-image service by storing medical images in the cloud rather than in an
expensive on-premise storage system.Traditionally, patients were at the mercy of healthcare systems that gave little
opportunity to manage options. This new dynamic, fueled by IoM, gives
patients more control and more choices than ever before to get healthcare
that’s more affordable, available, and convenient. IoM-powered technology
enables virtual doctors, retail medical clinics, and subscription-based
healthcare options.The IoT will be valuable for healthcare as it can provide real-time access to
patient data that doctors, hospitals, and pharmaceutical companies can use
(with permission) to improve patient experiences and pave the way for
recurring revenue opportunities across the entire health landscape
Welcome to DIY healthcare, which won’t be just an option, but a necessity in countries with
ageing populations? What started with tracking personal fitness via smart bands will soon
lead to gadgets that monitor pre-existing medical conditions, which will save time by
replacing routine hospital appointments.From the smallest sensors to entire operating room systems, the Internet of Things (IoT) is helping to save lives and changing the practice of medicine.

By remotely capturing medical data, facilitating medication delivery and enabling digital health applications, the
IoT delivers greater convenience and functionality to patients and their physicians.
Along with opportunity, the IoT also presents new andemerging risks for technology
companies. Should the technology fail to work as intended, a patient could be injured or
sensitive personal health information may be exposed. Building in safeguards can help
technology companies who produce IoT products; component parts and related
software mitigate those risks.If an IoT device does not operate as planned, technology companies could be liable for resulting injuries, or even the death, of a user or patient. Companies who produce IoT technology should
understand their exposure to bodily injury risk due to defective design, a manufacturing defect,
product misuse or a failure to warn consumers about a potential danger related to the use of the
product.The IoT technology may fail to work as intended due to an error, omission or negligent
act in the design of the technology. If the purchaser sustains economic losses, such as
lost profits or business disruption, they may file a liability claim. Defense expenses
alone may be catastrophic to a technology business.For example, if a health insurer offers an incentive to customers using a fitness tracker, and an error in the tracking software overstates the number of steps, then the company
may give more discounts than it should. The insurance company may attribute the
financial loss to incorrect step counts as a result of external fitness tracker manipulation.
Thieves find protected medical information an attractive target for cyber-attack and are
breaking into IoT-based information systems. If that data is exposed, businesses might
face financial losses, business interruption or reputational damage for failing to properly
secure data held within their information systems. A decentralized protocol such as
Dxchain would be the key to expansion without compromising security.For example, a company that makes wearable cardiac monitors could have medical readings uploaded to a cloud. If the engineers responsible for cloud security fail to
properly configure a security patch, it could create vulnerability. If hackers gain entry,
they could then sell a patient’s sensitive health data.Just as new applications continue to be discovered for medical IoT, so are new risks emerging.Companies can be held liable for bodily injury, economic losses to third parties and the failure toproperly secure data.

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