Mobile IT could save Europe $132B in health care costs, says PwC
The use of mobile IT by health care organizations could save almost €100 billion ($132 billion) in health care costs in the European Union and add €93 billion ($123 billion) in EU gross domestic product by 2017, according to a study prepared by accounting firm PricewaterhouseCoopers for the European wireless trade association GSMA.
The use of mobile technology in health care, known as mHealth, could lower the total annual per capita EU health care costs by 18 percent and reduce care costs for chronic conditions by 30 percent (by 2017) through improved treatment and patient monitoring, the report estimated.
By using mHealth, health care organizations could, by 2017, accommodate the treatment of an additional 24.5 million patients without needing more doctors or new health care facilities, and help more than 18 million patients suffering from chronic diseases or those at risk of developing them, to improve their productivity.
"Better access to health care services and the cost efficiencies driven by mHealth will help EU economies deliver sustainable and effective healthcare systems. However, much more needs to be done by regulators and governments within the EU to incentivize, encourage and drive the adoption of mHealth for the benefit of all the region's citizens," said Michael O'Hara, chief marketing officer at GSMA.
To achieve these mHealth benefits, the EU must overcome regulatory, economic, structural and technological barriers that prevent mHealth from being adopted commercially. If these barriers cannot be overcome, health care savings across the EU would be limited to €6.6 billion ($8.7 billion) by 2017 and only €6.5 billion ($8.6 billion) would be added to EU's GDP by 2017.
- read the PwC-GSMA report
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