Health care industry a challenge, opportunity for telecom
The health care industry has long been a major consumer of bandwidth and a vertical market heavily targeted by telecom with specialized solutions. But trends in demographics, technology and the health care industry itself are making the telehealth and telemedicine markets of increasing interest to telecom service providers. Two specific trends are taking hold in a major way: The health care industry's need to use information technology and telecommunications to operate more efficiently, and an aging population's need and desire to use remote health care monitoring to promote better care for the chronically ill in their own homes. While often moving separately, those two trends converge to create a booming demand for health care networking that ties together all the piece parts of the sprawling U.S. health care system: hospitals and clinics, doctors and other health care professionals, insurance payers including the federal government, and patients as well as their caregivers. Against this backdrop, new business models are emerging. Some of these include the telecom service provider as a valued partner and others reduce telecom to a transport service, albeit a bigger, more mobile and more secure pipe.