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The Future of RFID, RXInsider Interview with Shariq Hussain, President and CEO of MEPS Real-Time, Inc.

How Does MEPS Real-Time Assess the Future of RFID Solutions?

The 2 years is very critical. 2 years ago we used to show up at this particular show and explain to people what RFID is. How does it work? Right now the mindset has changed quite a bit. People don't want to know what RFID is. They want to know what the solution is and how they can benefit from it. A lot is happening for RFID from that sense. We continue to grow, we continue to increase our product lines because of the fact that RFID is serving a need in hospitals. We are part of the pharmacy ecosystem and now we will probably be going out to other departments in the hospital as well.

One of the bigger things as an industry that I see is that RFID is bringing a lot of data aggregation because RFID is essentially a sensor network collecting all the information about drugs moving through the supply chain. I see a lot of analytics coming through in the next few years that are going to help improve the flow of medication either in a hospital or in a health care supply chain. I also see the Drug Quality and Safety Act coming into play in 2017 which basically requires that all drugs manufactured in the United States must have some kind of electronic pedigree and track and trace information associated with them, and this can't be human readable. It has to be machine readable.

I see RFID to be the ubiquitous solution on that. I don't think that barcodes ... I know that for the startup and the onset of the law basically says you can use anything and a lot of the manufacturers are just going to start with a barcode. I don't think that's going to work out because just imagine breaking down a pallet then breaking down all the boxes, taking every single item out and scanning it. You can do that with RFID in just a few seconds and just running the whole pallet through a portal.