BayNexus Inc. 

RFID in Healthcare

Improving operational efficiency and enhancing medical safety in hospitals and healthcare facilities

Leader in RFID / Wireless Solutions

RFID is an enabling technology to improve safety and efficiency: saves lives, prevents errors, saves costs and enhances security. It automates tedious procedures in hospitals and healthcare facilities. For example, it reduces the amount of time by nurse because it automates procedures such as medication process matching patients to treatment. In addition, RFID can be also used in recording when patients take medication and how much they take, and generating alerts to help them comply with instructions.

Recognizing that healthcare errors impact 1 in every 10 patients around the world, the World Health Organization calls patient safety an endemic concern. According to The Institute of Medicine (U.S.A), "Medical errors cause as many as 98,000 deaths at a cost of up to $29 billion each year in hospitals alone (U.S.A)." 

Market:

The RFID in healthcare market has begun to show its huge potential. The market for RFID tags and readers in healthcare alone will rise rapidly from $120.9 million in 2008 to $2.03 billion in 2018, according to IDTechEx, excluding related systems and services. BayNexus’ patented technology and products will show significant advantages in system cost and time-to-market. We have obtained the right technology, strong management, extensive technical expertise and good team spirit to be a significant player in the market place.