UnitedHealthcare, Aetna, BlueCross BlueShield and Human, and various other national commercial health insurers say they are ready for ICD-10’s October 1 implementation deadline
According to a survey by the American Academy of Family Physicians, most of the major health insurance carriers say they ready for the code change.
AAFP survey results said, “It is important that the nation’s largest private payers including UnitedHealthcare, Aetna, BlueCross BlueShield and Humana, are ready for the transition so payments to physicians are not delayed.” [@HealthITplus] Continue reading →
According to a new research from BCC Research, the mobile health (mhealth) industry revenue growth will reach a staggering $21.5 billion in 2018. The mHealth industry is expected to grow at an impressive compound annual growth rate (CAGR) of 54.9%. Europe is coming up as a strong market in the mHealth division and is expected to outdo the current leader, North America, by 2018. [@HealthITplus]
The goal to improve the overall efficiency of healthcare systems has been key issue for countries across the globe. One of the most cost-effective ways to address the most challenging problems that persist in today’s healthcare systems is mobile technologies. mHealth is considered a viable solution that includes solutions to problems like exploding costs, providing care to seniors, access in impoverished areas, and the treatment of deadly disease.
mHealth is being used in various aspects of healthcare systems by countries across the globe. The figure below includes data from the World Health Organization on mHealth initiatives. [@HealthITplus] Continue reading →
During the HIMSS14 conference, Accenture released its report containing forecast for the global EHR market through the year 2015. According to the report, the worldwide EHR industry is expected to reach $22.3 billion by the end of 2015
By the end of next year, the global EHR market report hints at peaking over $22 billion, according to Accenture. Undoubtedly, U.S. is expected to grab an estimated $10.1 billion (or 47 percent) of the market. The survey was conducted in the following 10 countries:
According to a new market research report by Grand View Research Inc, the global mHealth (Mobile Health) market is expected to cross USD 49 billion (USD 49,119.2 million) by the year 2020. The most domineering – and currently the fastest growing – segment in the mHealth industry will be monitoring services, with market revenue of USD 1227.5 million in 2012. Monitoring services segment has been forecasted to grow an estimated CAGR of 49.7% from 2014 to 2020.
Due to the increase in per capita healthcare expenditures, medical services are unaffordable for a large percentage of the population. As a result, mHealth is expected to rapidly rise over the next six years. Smartphone penetration, steady and reliable internet connectivity, and uptake of 3G and 4G networks is also expected to fuel the increasing demand for telemedicine services.
Other factors such as aging population and growing incidences of diseases linked to changing lifestyles have intensified the need for affordable and accessible healthcare. Concerns among users, regarding the safety and privacy of information, along with the need for secure infrastructure, are the key challenges for market participants. [@HealthITplus] Continue reading →