The Future of Healthcare IT

Recently, SVP’s CEO, Justin Marron along with VP Business Development, Eric Dahl, joined forces to give healthcare professionals actionable steps to update aging infrastructure or to build new future-ready systems for their facilities. Marron and Dahl discussed important topics such as the wireless trends that are driving the future of healthcare IT infrastructure and why the traditional way of building and funding wireless infrastructure is no longer effective. In doing so, the pair presented a compelling option that allows organizations to upgrade or install new infrastructure through a managed service model, while simultaneously converting a substantial capital expenditure with undetermined future costs to a highly visible, fixed operating expense.

To learn more about this model you can watch the full webinar here. The SVP team has pulled back the curtain on this exciting solution and is ready to explain this formula in more detail. Read on for some highlights from the recent webinar and reach out to the SVP team to learn more.

5G, AI and the Evolving World of Healthcare

5G and Artificial Intelligence are becoming more prevalent nationwide, and future technologies that will change and improve the way medical professionals interact with patients are inching their way into healthcare facilities. As the COVID-19 pandemic, which has led to a surge in hospital visits, puts strain on the network infrastructure of facilities everywhere, health IT leaders may be left asking what they can do to future-proof the communications infrastructure of their facilities. 

The End of Traditional Wireless Infrastructure Solutions

Critical infrastructure along with its development and maintenance is key to business operations and communications.  Unfortunately, a problem has emerged with the way that wireless infrastructure has historically been developed, specifically as it relates to DAS, WiFi and Public Safety.  Wireless infrastructure has widely become known as the fourth utility…beyond water, electric and cable, there is nothing more essential to business operations.  Carriers are unable to keep up with the burden of financial and resource demands that the installation, maintenance and upgrades of these critical systems entails.  New solutions are needed for an evolving industry; third party funding has changed, as carriers no longer have the CAPEX budgets required to keep up with and fund market demands and therefore facility owners have been required to take control.  

Luckily, SVP has a solution to this.  During the webinar, Marron commented,  “SVP is delivering on a much needed demand driven opportunity for critical infrastructure in underserved markets – we design, build, and finance DAS, Wireless LAN, Fiber, and Public Safety Systems.  We do this while operating on our core value proposition: We provide wireless technology services as a managed service, while allowing our customers to convert valuable CAPEX to OPEX.”

The Transformative Impact of 5G on Healthcare

The arrival of 5G will be transformative for the healthcare industry. Next-generation connectivity will enhance patient experience and analytics, while continuously driving up the amount of data in the healthcare space. 5G will help with the aggregation of data, and will empower patients in the pursuit of self-directed personal health monitoring, as well as real-time patient monitoring. This evolving healthcare environment has been largely driven by the new realities brought about by COVID-19, and has led to greatly improved diagnosis, lower latency, and more accessible healthcare. The pandemic has raised telehealth to the next level, where the benefits of 5G can be felt most dramatically.

The Rapid Rise of Telemedicine

During the webinar, Dahl noted that telemedicine is set to drive $29 billion in healthcare services this year alone, and that we can expect that number to be up to $63 billion by 2023.  Healthcare facilities require wireless solutions to maximize operational efficiencies and improve patient care. The continued proliferation of mobile telehealth, Citizens Broadband Radio Service (CBRS) and IoT devices coupled with the growth of wireless clinical applications and the arrival of 5G are collectively revolutionizing how healthcare is delivered. 

Marron explained that when asked, one of the leading healthcare facilities in the country stated that they would rather have better connectivity than better machines/ equipment.  It was understood by this medical community that by investing in better connectivity they would be able to better optimize healthcare for their patients.  Furthermore, having superior technical infrastructure would equate to an additional half visit per physician per day, which would add up to 4.18 mm in additional healthcare systems revenue per year. This savings would have an outstanding impact, creating a positive operational perspective and a positive cash flow that could be invested right back into the delivery of healthcare to patients.   

SVP is equipped to design, deploy and manage bespoke wireless systems for DAS, CBRS, Wi-Fi, Public Safety and IPTV that are purpose built for your facility’s requirements. SVP takes on the full responsibility of future technology upgrades during the life of contract regardless of the complexities of those advancements and upgrades. This means that your facility is not only maximized now, but is ready to grow into the future.  

Check out the video below to watch the full discussion. To learn more about how to turn your CAPEX into OPEX, reach out to SVP now.