Comments on: No More Lost Tools: Ford and ThingMagic Team Up on RFID Tracking System for Truck Beds http://www.xconomy.com/boston/2008/02/07/no-more-lost-tools-ford-and-thingmagic-team-up-on-rfid-tracking-system-for-truck-beds/ Business + Technology in the Exponential Economy Sun, 22 Nov 2009 19:43:29 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Kate Stohlman http://www.xconomy.com/boston/2008/02/07/no-more-lost-tools-ford-and-thingmagic-team-up-on-rfid-tracking-system-for-truck-beds/comment-page-1/#comment-12098 Kate Stohlman Wed, 09 Apr 2008 22:20:19 +0000 http://www.xconomy.com/2008/02/07/no-more-lost-tools-ford-and-thingmagic-team-up-on-rfid-tracking-system-for-truck-beds/#comment-12098 FCG Health March Report The Radio Frequency Identification (RFID) market is expected to explode in the pharmaceutical sector, reaching $600 million by 2012 with a compound growth rate of 60 percent. According to a research study done by Kalorama, this is a conservative estimate. One-quarter of the major pharmaceutical companies are expected to implement large-scale RFID projects to reduce costs, improve inventory control, track clinical trails, and manage samples. In addition to the internal cost savings due to better inventory management, external drivers such as the FDA and state requirements for product tracking, the need to address the potential for counterfeiting, and concerns about patient safety errors all combine to position RFID as a valuable solution. The cost of RFID hardware has also dropped approximately 80 percent since 2000. According to Kalorama, RFID can save large manufacturers $17-55 million annually and large distributors about $10 million. (Pharma RFID Market Expected to Hit $1 Trillion by 2020, Healthcare IT News, March 5, 2008) FCG Health March Report
The Radio Frequency Identification (RFID) market is expected to explode in the pharmaceutical sector, reaching $600 million by 2012 with a compound growth rate of 60 percent. According to a research study done by Kalorama, this is a conservative estimate. One-quarter of the major pharmaceutical companies are expected to implement large-scale RFID projects to reduce costs, improve inventory control, track clinical trails, and manage samples. In addition to the internal cost savings due to better inventory management, external drivers such as the FDA and state requirements for product tracking, the need to address the potential for counterfeiting, and concerns about patient safety errors all combine to position RFID as a valuable solution. The cost of RFID hardware has also dropped approximately 80 percent since 2000. According to Kalorama, RFID can save large manufacturers $17-55 million annually and large distributors about $10 million. (Pharma RFID Market Expected to Hit $1 Trillion by 2020, Healthcare IT News, March 5, 2008)

]]> By: kate stohlman http://www.xconomy.com/boston/2008/02/07/no-more-lost-tools-ford-and-thingmagic-team-up-on-rfid-tracking-system-for-truck-beds/comment-page-1/#comment-7426 kate stohlman Thu, 07 Feb 2008 18:17:01 +0000 http://www.xconomy.com/2008/02/07/no-more-lost-tools-ford-and-thingmagic-team-up-on-rfid-tracking-system-for-truck-beds/#comment-7426 Clinica "UK fatal drug-delivery mix-up prompts new calls for tech solutions The fatal intravenous mis-administration of a powerful (epidural) anaesthetic instead of a routine post-partum drug has prompted new calls for the introduction of device-based safety mechanisms. Thought to be a landmark ruling for the way an NHS corporation, and not a single individual, was found guilty of unlawful killing, Swindon & Marlborough NHS Trust was deemed to be grossly negligent in relation to the events that took place in May 2004 at the Great Western Hospital, Swindon. The coroner made a number of recommendations, which the hospital has pledged to implement, including that colour- and bar-coding of infusion bags be considered. He also said the EU "must address" the labelling of epidural bags. Similar cases of drug mis-administration and/or patient identification have led to calls for the widespread use of automated warning and system-disabling technologies, such as radio-frequency identification (RFID) - 3M launched the UK's first RFID tagging pilot last year (see Clinica Nos 1248, p 7 & 1262, p 5). The National Patient Safety Agency (NPSA) records some 700 safety failures involving infusion bags, out of the around 15 million performed annually. In April 2007, it introduced new guidelines on epidural infusion/injection practices, including labelling and storage. Full Title: CLINICA - World Medical Technology News - http://www.clinica.co.uk FILED 7 February 2008 COPYRIGHT Informa UK Ltd 2008" Clinica

“UK fatal drug-delivery mix-up prompts new calls for tech solutions

The fatal intravenous mis-administration of a powerful (epidural) anaesthetic instead of a routine post-partum drug has prompted new calls for the introduction of device-based safety mechanisms.

Thought to be a landmark ruling for the way an NHS corporation, and not a single individual, was found guilty of unlawful killing, Swindon & Marlborough NHS Trust was deemed to be grossly negligent in relation to the events that took place in May 2004 at the Great Western Hospital, Swindon. The coroner made a number of recommendations, which the hospital has pledged to implement, including that colour- and bar-coding of infusion bags be considered. He also said the EU “must address” the labelling of epidural bags.

Similar cases of drug mis-administration and/or patient identification have led to calls for the widespread use of automated warning and system-disabling technologies, such as radio-frequency identification (RFID) – 3M launched the UK’s first RFID tagging pilot last year (see Clinica Nos 1248, p 7 & 1262, p 5). The National Patient Safety Agency (NPSA) records some 700 safety failures involving infusion bags, out of the around 15 million performed annually. In April 2007, it introduced new guidelines on epidural infusion/injection practices, including labelling and storage.
Full Title: CLINICA – World Medical Technology News – http://www.clinica.co.uk

FILED 7 February 2008 COPYRIGHT Informa UK Ltd 2008″

]]>