HITInfrastructure

Healthcare IT Infrastructure News for IT pros in the Healthcare Industry

Healthcare Artificial Intelligence Market to Reach $20B in 2024

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Fueled by the growing adoption of artificial intelligence (AI) in medical research, care delivery, and precision medicine, the global healthcare artificial intelligence market is forecast by Energias Market Research to reach a value of $19.9 billion in 2024, posting an aggressive CAGR of 48.7% during that period. The increasing number of healthcare AI applications along with more...

Global Healthcare IT Market to Increase at 8% CAGR to 2022

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Global healthcare IT market is expected to grow at a CAGR of more than 8 percent, reaching $206 billion by 2022, according to a market report by Technavio. The growth will be fueled by the need for greater efficiency and reduced costs. Health IT plays a role in automating the treatment process from the admission of patients, to creating transcripts of doctors’ diagnosis and...

Digital Therapeutics Grows More Integrated into Care Delivery

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Digital therapeutics and connected health devices are becoming more integrated into healthcare delivery, according to a new report by PwC. In fact, 82 percent of physicians said they have discussed a health app or digital program with patients related to their diagnosis or treatment in the past 12 months, either because the physician brought it up or the patient asked about...

Healthcare CRM Market to Grow at Robust 14.6% CAGR to 2023

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The healthcare CRM market is estimated to grow at a robust CAGR of 14.6 percent, reaching $17.4 billion by 2023, up from $8.8 billion in 2018. Healthcare CRM is customer-relationship management software designed to improve profitability and customer satisfaction for healthcare organizations, according to a MarketsandMarkets report distributed by ReportsnReports.com. Key players in the...

Burgess Is ‘Extremely Disappointed’ at Information Blocking Rule Delay

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Rep. Michael Burgess (R-TX), chairman of the House Energy and Commerce Committee’s health subcommittee, said he was “extremely disappointed” that information blocking regulations have not yet been implemented two years after passage of the 21st Century Cures Act. “It is hard to explain to people that Congress provided the tools necessary for doctors and patients...

Healthcare Investors Are Most Interested in Health IT Investment

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Health IT investment tops the list of areas attracting healthcare investors, according to KPMG-Leavitt Partners 2019 Investment Outlook. For the outlook, KPMG-Leavitt Partners polled 175 healthcare investment professionals from corporations, health systems, investment banks, venture capital firms, and private equity firms. Of those surveyed, 32 percent were C-suite executives; 29...

Patient Portal Access Has No Effect on Patient Activation

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Access to a patient portal had no effect on patient activation for hospitalized patients compared to usual care and tablet-only Internet access, according to a study by Cornell researchers published Dec. 7 in the JAMIA journal. The researchers studied 426 patients in two cardiac medical-surgical units at an urban academic medical center between March 2014 and May 2017. Patients were...

Institutional Investors to Pump $200B More Into Healthcare Infrastructure

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Global institutional investors are forecast to increase their investment in healthcare infrastructure by $200 billion over the next five years. For its report, the Octopus Group surveyed more than 100 global institutional investors with a total of $6.8 trillion in assets under management. The institutions said they currently allocated 6.1 percent of their investment portfolio to...

VA Launches New Health API for Mobile, Web-based Apps

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The Department of Veterans Affairs (VA) announced Dec. 7 the launch of its first health API that will enable veterans to interact with their personal health data using mobile and web-based apps. The VA said its new health API will power the next-generation of features for Blue Button, the federal government’s system for patients to view their personal health records through apps...

MGH Works with Korean Startup on Healthcare Blockchain Project

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Massachusetts General Hospital’s Laboratory of Medical Imaging and Computation is working on a healthcare blockchain project with Korean startup MediBloc for patient data storage and exchange, reported Coindesk. Lab Director Synho Do told the website that his lab is working with MediBloc “to explore potentials of blockchain technology to provide secure solutions for health...

Healthcare Internet of Things Market To Grow at 11% CAGR to 2022

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The global healthcare Internet of Things (IoT) market is forecast by Zion Market Research to increase at a robust 11 percent compound annual growth rate (CAGR), reaching $14.7 billion by 2022. Market growth will be fueled by continued implementation of connected diagnostic and therapeutic devices to detect disease and monitor and maintain patient health, the report noted. In developed...

Medtronic to Pay $51M to Settle DoJ Medical Device Probes

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Medtronic has agreed to pay a combined $51 million to resolve Department of Justice (DoJ) investigations into deceptive medical device marketing practices that could have endangered patient safety as well as kickback payments to hospitals.   The DoJ probes involve questionable conduct by two companies, ev3 and Covidien, before Medtronic acquired them. According to...

US Gov’t Report Says Health IT Infrastructure Impedes Competition

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Health IT infrastructure often facilitates anticompetitive practices in healthcare, such as blocking clinical information exchange between providers or not supporting regional information sharing, according to a report released this week by HHS and the Departments of Treasury and Labor. At the root of this anticompetitive impact is the lack of interoperability among health IT...

FDA Grants Breakthrough Device Status to Healthcare AI Software

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The FDA has granted breakthrough device designation to healthcare AI software being developed by Bayer and Merck for chronic thromboembolic pulmonary hypertension (CTEPH) pattern recognition. The software will rely on deep learning to support radiologists in identifying CTEPH in computed tomography pulmonary angiography (CTPA) scans, explained Bayer in a press release. CTPA and...

Healthcare Industry Is Key Sector Fueling UCC Market Growth

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The healthcare industry will be one of the key sectors pushing UCC market growth, which is forecast by Global Market Insights to grow at a 9 percent CAGR and reach $57 billion by the end of 2024. Unified communications and collaboration, or UCC, integrate various communications services into a unified platform, helping companies to minimize service as well as...

One-Quarter of US Hospitals Lack Effective RCM Solution

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More than one-quarter of US hospitals do not have an effective RCM solution in place, according to a recent survey by Black Book Research. Of the hospitals that don’t have an effective RCM product in place, 82 percent said they anticipate making value-based reimbursement decision next year without an advanced software implementation or outsourced partner. If required, 85...

Aetna, Ascension Sign On To Healthcare Blockchain Alliance

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Aetna, a health insurance subsidiary of CVS Health, and Ascension, a St. Louis-based nonprofit health system, have agreed to join the Synaptic Health Alliance, a healthcare blockchain group formed to apply blockchain technology to maintaining provider directories. Other alliance members include Humana, MultiPlan, Optum, Quest Diagnostics, and UnitedHealthcare. Synaptic’s...

Global Healthcare IT Outsourcing Market To Reach $61B by 2023

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The global healthcare IT outsourcing market is forecast to reach $61.2 billion by 2023, according to the latest report by Transparency Market Research. Demand for healthcare IT outsourcing services is being fuelled by healthcare providers’ need to achieve higher level of patient satisfaction, increased productivity, and reduced costs. The IT administration segment is expected to...

Implementing 21st Century Cures Act Preoccupies ONC’s Work

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The work of the Office of the National Coordinator for Health Information Technology (ONC) is dominated by implementing the 21st Century Cures Act, particularly in the areas of reducing provider burden and promoting health IT interoperability, said National Coordinator for Health IT Donald Rucker in his Friday’s keynote address at the ONC 2018 annual meeting being held in...

Health IT Interoperability Is Common Thread at ONC Annual Meeting

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A common theme of Thursday's plenary sessions at the Office of the National Coordinator for Health Information Technology (ONC) 2018 annual meeting was health IT interoperability. HHS Secretary Alex Azar kicked off the meeting, being held in Washington, DC, with a pre-recorded video in which he stressed his interest in promoting health IT interoperability. “I have...

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