O’Reilly Radar about the “The Internet of Living Things“ (IoLT, they call it):
The health care industry today is really a sickness treatment service. In the absence of actionable symptoms, sickness treatment services are not equipped or organized to support managing wellness at scale. Wellness is a different mindset, which requires different processes, systems, and reimbursement models.
Wellness services require an entirely new kind of organization with an entirely new kind of financial model in support of a wellness management service. The business value is clear: the majority of the $2.7 trillion spent on sick care today is spent on treating chronic ailments that took decades to become symptomatic. Making better day-to-day health decisions is by far the least costly way to avoid spending trillions on late-life care. Further, much of people’s health-related suffering can be significantly reduced or eliminated by making better lifestyle choices earlier in life. The IoLT could represent an equal or greater commercial opportunity when compared to the IoT.