In a press release on their website, AT&T announced on November 4, 2010 that they have committed resources to developing a range of specialized services using technology to improve health care and reduce medical costs:
The practice area, called AT&T ForHealthSM, will accelerate delivery of innovative wireless, networked, and cloud-based solutions specifically for the healthcare industry. Examples of healthcare solutions that use AT&T’s technology include:
- Medicine bottles that remind patients to take pills on schedule;
- Devices that monitor patients’ heart levels from the comfort of their homes;
- Audio/video links that can replace the need for an in-person visit to the doctor.
The timeline they mention for bringing these new tools to market is 4 years. Financials they cite are also remarkable:
The U.S. market for healthcare I.T. solution spending is $33.9 billion in 2010 and estimated to grow 24% over the next four years, according to IDC, an industry analyst firm.¹ AT&T said it generated approximately $4 billion in revenue from healthcare industry businesses such as hospitals, insurers, pharmaceutical companies, suppliers and physicians in 2009.
Healthcare leaders said AT&T’s focused expansion will usher in many benefits, including reducing costs by eliminating unnecessary medical tests and improving care by enabling providers to transfer electronic health records in a highly secure manner. The American Hospital Association has exclusively endorsed a suite of AT&T services that enable the sharing of health information and applications.