One-third of institutional investors believe that blockchain technology will have the biggest impact on the healthcare industry, according to a survey by the Global Blockchain Business Council (GBBC) reported by IBS Intelligence.
Only 16 percent of respondents said that the use of blockchain in healthcare will “increase dramatically”...
Top IT spending priorities for healthcare executives are accelerating digital transformation, investing in big data analytics and artificial intelligence, and modernizing IT infrastructure, according to the third annual Healthcare IT Demand Survey report by Damo Consulting.
At the same time, spending on EHR systems will dominate...
Proposed budget cuts to IT projects could undercut healthcare IT infrastructure modernization requirements of the Department of Veterans Affairs, a key senator is warning.
In a Jan. 11 letter sent to recently confirmed Veterans Affairs (VA) Assistant Secretary of Information and Technology and Chief Information Officer James Gfrerer, Sen. Jon...
Princeton researchers have found that machine learning can be used to improve treatment and reduce lab testing for patients in intensive care units (ICUs).
The researchers used data from more than 6,000 ICU patients to design a machine learning-based system that could reduce frequency of lab tests and improve timing of critical...
Consumers believe that technology companies not currently in the healthcare industry could be disruptive by offering new healthcare technology and other innovations to solve some of the industry’s biggest problems.
In fact, more than half of 1,501 consumer surveyed by PwC said they were confident that tech companies could help solve...
The US government shutdown, which is in its fourth week, is likely to further delay an ONC health IT rule being reviewed by the Office of Management and Budget (OMB), observed AMIA Vice President of Public Policy Jeffery Smith.
OMB is reviewing an ONC health IT rule implementing the 21st Century Cures Act, which is expected to have a...
Cynerio, a startup providing cybersecurity for healthcare Internet of Things devices, has received an infusion of $7 million in its latest funding round.
Investors in the most recent round are Accelmed, an investment firm focused on medical device companies and technologies, RDC, which invests in medical device and cybersecurity startups, and MTIP,...
The Health IT Advisory Committee (HITAC) has cancelled its monthly meeting, scheduled for Jan. 23, due to the US government shutdown, reported Politico.
HITAC was established in 2017 under the 21st Century Cures Act to provide recommendations to HHS’s Office of the National Coordinator for Health Information Technology (ONC) on policies,...
Collaboration and innovation are vital to progress in upgrading the US health IT infrastructure, said ONC in its annual report to Congress.
The report backed full support for implementing the health IT provisions of the 21st Century Cures Act.
In addition, the report recommended that health IT stakeholders take the following actions to...
The healthcare big data analytics market is forecast by P&S Market Research to experience a strong compound annual growth rate (CAGR) of 22 percent, reaching a market value of $22.7 billion by 2023.
Factors driving market growth include a significant increase in financial analytics use in healthcare, a surge in demand for analysis of...
Three separate market reports agree that the healthcare artificial intelligence (AI) market will increase at a compound annual growth rate (CAGR) of between 47 percent and 50 percent over the next few years.
The Markets and Markets report forecasts that the healthcare AI market will reach $36.1 billion by 2025, growing at a CAGR of 50.2 percent...
More than three-quarters of healthcare C-suite executives are increasing their pace of investment in healthcare big data and artificial intelligence (AI), according to a recent survey by NewVantage Partners.
Around 79 percent of senior healthcare executives said they have a greater urgency for investing in big data and AI initiatives.
For the...
The smart healthcare products market is forecast by Zion Market Research to reach around $66.7 billion by 2024, increasing at a compound annual growth rate (CAGR) of 9.5 percent between 2018 and 2024.
Leading smart healthcare product vendors examined in the report include Medtronic, Allscripts Healthcare Solutions, Honeywell Life Care...
Healthcare cloud computing is expected to continue its strong growth in 2019, as organization move more sensitive data to the cloud.
To capitalize on this growth, 3M recently announced plans to acquire M*Modal’s cloud-based clinical documentation unit for around $1 billion. The companies expect to complete the transaction in the first...
Healthcare providers are using more innovative payment technology to settle patient bills, according to a survey by BillingTree.
In fact, 64 percent of healthcare providers now accept web portal payments and 27 percent accept text-based payments, which equals the use of interactive voice response (IVR) systems for payments.
“This is the...
The US Economic Development Administration (EDA) has awarded a three-year, $750,000 grant to Northeast Indiana Innovation Center (NIIC) to launch a healthcare Internet of Things lab in Fort Wayne, Indiana.
Work on the lab, called the Indiana Connected Health IoT Lab/Network, is scheduled to begin in January. The grant was awarded under the...
Network segregation is the most important step a healthcare organization can take to thwart ransomware attacks, commented Kaspersky Lab Senior Security Researcher Brian Bartholomew.
“Anything critical should not be directly connected to the internet,” Bartholomew stressed in a new Kaspersky Lab report Cyber Pulse: The State of...
With all the connected devices in healthcare environment, wireless networking capacity has become a priority for IT teams in hospitals.
One solution being proposed by the CBRS Alliance is to use shared spectrum in the 3.5 GHz band for in-building 4G LTE cellular service. Members of the alliance include AT&T, Comcast, Charter, Ericsson,...
Healthcare organizations should have primary and secondary data centers for redundant operations in the event of a disaster or downtime, advised consulting firm Crowe.
These primary and alternative processing sites should be ready for use and have physical, environmental, and operational controls to promote secure and continued operation, Crowe...
Big data analytics is expected to have the biggest technology impact on the pharmaceutical industry in 2019, according to a survey of pharm professionals by GlobalData.
Thirty-eight percent of industry respondents identified big data analytics as the most significant tech trend for the pharmaceutical industry next year. Big data use cases...
