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Approximately one-third of all falls taken by seniors require medical treatment, and 10 percent eventually lead to death. Those statistics are spurring Robert Miller to develop a "smart shoe" that would help healthcare providers detect problems with balance and walking and alert seniors before they fall. And it's this kind of technology that is putting the telemedicine industry on healthcare's horizon.

A physician in his office consults with a specialist in another location over a secure video feed to help diagnose a patient. A doctor in transit uses his iPhone to schedule appointments, order tests and view a recent mammogram. A specialist in Atlanta helps diagnose a stroke victim in Alaska in real time, allowing for life-saving medical treatment.