HITInfrastructure

Healthcare IT Infrastructure News for IT pros in the Healthcare Industry

Smart Healthcare Products Market to See 9.5% CAGR Through 2024

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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 Solutions, BD, AirStrip Technologies, Terumo,...

3M’s M*Modal Acquisition Set to Capitalize on Healthcare Cloud Growth

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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 half of this year. M*Modal is a...

Providers Using More Innovative Healthcare Payment Technology

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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 first year that text-related payments...

US Hospitals Increasingly Adopt Radiology 3D Image/Display Tech

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More than 40 percent of US hospitals have installed radiology 3D image/display technology, according to a survey by HIMSS Analytics. The remaining hospitals likely have a radiology picture archive and communication system (PACS), which stores standard 2D images. In fact, adoption of PACS reached 90 percent back in 2013. HIMSS Analytics defines radiology 3D image/display as medical...

EDA Awards $750K Grant for Healthcare Internet of Things Lab

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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 EDA’s 2018 Regional Innovation...

Network Segregation Is Best Way to Thwart Ransomware Attacks

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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 Cybersecurity in Healthcare. In addition,...

New Service Could Help Hospitals with Wireless Networking Strain

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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, Google, Intel, Nokia, Qualcomm, Ruckus,...

Healthcare Organizations Need Backup Data Centers for Emergencies

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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 explained in its Top Risks Areas for...

Big Data Analytics to Have Major Impact on Pharma Next Year

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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 identified by respondents include...

Healthcare Claims Management Market To Post CAGR of 5.3% to 2023

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The global healthcare claims management market is forecast by Markets and Markets to increase at a CAGR of 5.3 percent, reaching $14 billion by 2023.   Factors fueling this market growth include patient volumes, expanding health insurance market, growing importance of denials management, and declining reimbursement rates. Some of the leading vendors in the space include...

Healthcare Artificial Intelligence Making Sense of Data Flood

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Healthcare artificial intelligence (AI) and machine learning are providing tools to enable medical practitioners and researchers to make sense of the flood of medical data, according to study by Stanford Medicine. AI and other technical innovations are helping ensure data is appropriately cleaned, managed, and shared in the healthcare ecosystem. “Many roadblocks and...

Healthcare Virtual Reality Market to Grow at 53% CAGR to 2023

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The healthcare virtual reality market is forecast by IT Intelligence Markets to increase at a CAGR of 53 percent through 2023. Key market players identified in the report include GE Healthcare, Virtual Realties, Virtalis, CAE Healthcare, Stryker Corporation, Brainlab, Philips, Siemens, Intuitive Surgical, Vital Images, and Medtronic. Virtual reality (VR) can be employed in healthcare...

AMIA Backs NIH’s Plan to Revise Health Data Management Policy

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AMIA is supporting development of a new health data management and sharing policy for research funded by the National Institutes of Health (NIH), the group said in an Dec. 10 comment letter. The trade association for healthcare informaticians commended NIH for inclusion of part of AMIA’s data sharing principles and positions in the proposed changes to NIH's data...

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...

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