HITInfrastructure

Healthcare IT Infrastructure News for IT pros in the Healthcare Industry

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...

Cardiac Clinical Workflow Frustration Grows with Structured Reporting

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The amount of data that cardiovascular clinicians deal with as part of their clinical workflow can be overwhelming. One way to get a handle on all that data is through structured reporting. Structured reporting is the capture of information that is then integrated into clinical workflows. It helps to distribute data management responsibility across members of the healthcare...

HHS Aims to Reduce Burden of Cumbersome Health IT Infrastructure

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HHS has issued a draft strategy designed to reduce administrative and regulatory burdens, which can make health IT infrastructure, such as electronic health records (EHR), cumbersome to use. Administrative and regulatory requirements imposed on EHR are causing “frustration” for clinicians, said HHS Secretary Alex Azar in releasing the draft. “Addressing the challenge...

AWS Launches Machine Learning Service to Mine Patient Data

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Amazon Web Services (AWS) has launched its Amazon Comprehend Medical machine learning service that enables healthcare professionals and developers to mine unstructured medical text and patient data, such as diagnosis, treatments, dosages, symptoms, and other signs of disease. The new service helps healthcare professionals improve clinical decision support, streamline revenue...

Greater Medical Device Connectivity Prompts FDA Process Revision

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The FDA is updating its voluntary 510(k) approval process to take into account growing medical device connectivity and interoperability, the agency announced Nov. 26. The FDA explained that the 510(k)-approval process, which dates from 1976, needs to be modernized to accommodate advances in medical device technology and ensure that the devices meet more modern safety and...

Healthcare CIOs’ Power over IT Purchasing Decisions in Free Fall

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The power of healthcare CIOs over the IT purchasing decisions of their organizations has virtually evaporated, according to a newly released survey by Black Book Research. Three years ago, healthcare CIOs controlled 71 percent of IT purchasing decision, but that power has been in a free fall, plummeting to 8 percent of IT purchasing decisions this year, the survey of 247 CIOs and...

HHS Selects Initial Healthcare Innovation Workgroup Participants

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HHS Deputy Secretary Eric Hargan announced Nov. 21 the initial core participants for his healthcare innovation workgroup and set Dec. 18 as the date of its first meeting. The workgroup will be a year-long collaboration between healthcare innovation and investment professionals and HHS personnel who will meet quarterly to discuss the innovation and investment...

GE Unveils Edison Healthcare Artificial Intelligence Platform

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GE Healthcare has unveiled its Edison healthcare artificial intelligence platform designed to connect data on millions of medical imaging devices. The company said that clinical partners will be able to use Edison to develop algorithms and technology partners will be able to bring data processing advancements to Edison applications and smart devices. A full 90 percent of healthcare...

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