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Smart Labeling Applications for the Health-Care Industry
Let's explore two high-value applications for smart labeling in the health-care industry: authentication and inventory management.
Feb 20, 2019—
The global radio frequency identification (RFID) market for health care is expanding at a double-digit rate—and by 2022, it's estimated to be worth $4.9 billion, according to Grand View Research. This explosive growth stems back to the value and efficiency RFID promises to bring to health-care organizations and the added level of security and safety it promises to bring to patients.
RFID technology—a broad category encompassing many types of smart labels—has potentially limitless applications for driving accuracy and value for the health-care industry. As hospitals, labs and entire supply chains adopt RFID technologies, they become smarter. They are able to track and trace every blood sample or pallet of medication. They have real-time visibility into inventory. They're able to monitor the temperature of heat-sensitive drugs throughout the supply chain. In the end, smart labeling provides another layer of visibility, efficiency and, ultimately, patient safety to the health-care industry.
Let's explore two ways in which RFID labeling can drive value for hospitals, as they represent a great microcosm of the health-care industry as a whole, with diagnostic testing, movement of samples and pharmaceuticals, medication dispensing and patient care all happening under one roof. And each of these ways could benefit the entire health-care industry—every health-care organization, from diagnostics labs to primary care offices to the pharmaceutical supply chain, could benefit from end-to-end traceability, improved productivity and better inventory management.
Authentication of Pharmaceuticals and Samples
When all medications are RFID-tagged, a nurse or doctor can quickly read a particular tag, verify the authenticity of the product to which it is attached and determine whether it's being dispensed to the right patient. Beyond the primary goal of preventing patient harm, secure RFID authentication is also an effective way of fighting the widespread counterfeit drug problem.
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