This page contains a Flash digital edition of a book.
Wearable tech


“The ability to monitor


physiological data can play a major role in helping to fl ag up warning signs of potentially serious health issues much earlier in their development.” Tom Kennedy


monitors the patient’s physiological responses to the medication which 


  


perspectives, are therefore to be gained at either end of the healthcare process, explains Tom Kennedy, also an underwriter within Barbican’s healthcare team.


“The ability to monitor physiological data can play a major role in    prevent the onset of the particular illness. At the other end, it can be used to monitor outpatients or those recently discharged to ensure that they are progressing as expected and to limit the need for readmission,” he says.


THE CLAIMS PERSPECTIVE The ability to monitor the health of the patient population more closely and to have instant access to more detailed medical information also has 


“One of the biggest areas for claims in any hospital environment,” says


Kennedy, “is in the emergency department. In this environment, doctors have very little time to decipher the medical condition they are facing, which of course heightens the potential for misdiagnosis—a major contributor to malpractice claims.”


Being able to access up-to-the-minute data from health bands could


 which to begin their diagnoses—“particularly when they are dealing with a patient who is either from outside of their healthcare population, or is unresponsive.”


However, while such technology may in the future contribute to a decline in the frequency of claims in the healthcare arena, it should not be seen as a panacea for the current challenges. As with any new technology it brings with it its own unique set of risks and exposures.


24 | HEALTHCARE RISK MANAGEMENT REVIEW | Annual 2014 “You have to be conscious of the fact that all forms of technology


   with the health bands and the medical practitioner receives the wrong information on the patient they are assessing?


“There is also the very real risk of cyber breach—for example, a malicious


attack could result in all of the data stored on the system being recalibrated without the hospital being aware of the fact. The repercussions of such  technology has the potential to reduce the frequency of claims, it can equally be argued that it has the potential to greatly increase the severity.”


GETTING THE BALANCE RIGHT As with most situations, the key is getting the balance right. The data insight that wearable tech can provide into the health of an individual or a healthcare population must be balanced with the medical insight of an experienced nurse or doctor.


“There is always the risk that as we move towards a more data-


dependent healthcare system, that this will lead to an over-reliance on equipment such as wearable tech and a knock-on reduction in the quality  


“This cannot be about turning the hospital environment into a type


of garage where the patient is wheeled in and undergoes a plug-in diagnostic check, which results in the required drugs being administered or procedures being undertaken. Such technology must be used purely to enhance the ability of the healthcare provider and by so doing improving the overall health of the population.” 


Chris Brooking is underwriting manager—healthcare at Barbican Insurance. He can be contacted at: chris.brooking@barbicaninsurance.com


Tom Kennedy is underwriter—healthcare at Barbican Insurance. He can be contacted at: tom.kennedy@barbicaninsurance.com


SFAM PHOTO / SHUTTERSTOCK.COM


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76