By Mohammed Smadi, PhD – Healthcare Technology Expert
Every day, healthcare leaders and hospital administrators are challenged to provide exceptional quality patient care while maintaining a positive financial balance sheet and operational sustainability. AI-powered Healthcare RTLS technology emerges as a critical solution to address these mounting operational and financial challenges facing modern medical facilities. This critical healthcare management goal has been increasingly harder to achieve in recent years, despite significant advances in medical technology innovation, patient safety protocols, and clinical care standards.
Healthcare tracking technology emerges as a critical solution to address these mounting operational and financial challenges facing modern medical facilities. This critical healthcare management goal has been increasingly harder to achieve in recent years, despite significant advances in medical technology innovation, patient safety protocols, and clinical care standards.
For example, The New England Journal of Medicine reported that nearly a quarter of hospital admissions and patient stays resulted in at least one adverse medical event in 2018, and 23% of those preventable healthcare incidents were deemed to be completely avoidable through better care coordination and patient monitoring systems. Between 2023 and 2024, hospitals and healthcare facilities experienced a concerning double-digit increase in non-labor operational expenses and healthcare costs, according to Strata healthcare analytics. As a direct result, 40% of American hospitals and medical centers had been losing money from daily operations and patient care services during that challenging time period, KaufmanHall healthcare financial research found.
Real-time location services (RTLS) and healthcare tracking technology can effectively address these critical patient safety issues and many other operational challenges facing modern healthcare facilities. While this innovative healthcare technology has historically been overlooked by hospital administrators due to its implementation cost and previously limited location accuracy capabilities, recent groundbreaking developments in artificial intelligence (AI) algorithms and advanced Bluetooth Low Energy (BLE) wireless technology have made comprehensive RTLS solutions significantly more affordable, accessible, and accurate for healthcare organizations of all sizes.
Modern AI-powered RTLS systems and intelligent healthcare tracking technology now offer:
- Enhanced patient safety monitoring and care coordination
- Reduced healthcare operational costs and resource waste
- Improved clinical workflow efficiency and staff productivity
- Real-time asset tracking and medical equipment management
- Better patient experience and family satisfaction scores
- Comprehensive data analytics for healthcare decision-making
👉Read the full comprehensive article on healthcare RTLS implementation and patient safety improvement.
