Knecto NFC technology enables pharmaceutical companies to achieve prompt compliance with new and revised regulations without adding more fine print to the product packaging itself, which is already over-taxed in terms of lists of ingredients, cautions, and use instructions. NFC sensors on product packaging enable all required information to be delivered in virtually real time, demonstrably, by deadlines, and easily kept current.
NFC offers totally new possibilities by providing product information and, for example, patient treatment alerts that improve prescription adherence, which is another major pain point for the healthcare industry. At least 20% of medication prescriptions are never filled, and 50% of medications for chronic disease are not taken as prescribed.
Both factors cause massive, useless expense and hundreds of thousands of deaths and hospitalizations annually. Patient treatment reminders delivered via near-field communication or similar technologies could be a game-changer.