Global EHR Market Estimated To Reach $22.3B by End of 2015, Report

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:

  • Australia;
  • Brazil;
  • Canada;
  • France;
  • Germany;
  • Japan;
  • The Nordics;
  • Spain;
  • The United Kingdom; and
  • The U.S. ———-> Read more [@HealthITplus]

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ONC Released 2014 Edition EHR Certification’s Transparency Criteria

The Office of the National Coordinator of Health IT released two new transparency requirements included in the 2014 electronic health record certification criteria in the EHR Intelligence reports. The new requirements were released on Tuesday.

Background

As per 2009 federal economic stimulus package, Medicaid and Medicare incentive payments were available for healthcare providers who would demonstrate meaningful use of certified electronic heath record (HER) systems.

Also see: Delivering Better Patient Experience With Digital Tools – Infographic

In its 2014 Edition EHR Certification Criteria, ONC outlined the requirements that EHR systems must meet in order for providers to be able to qualify for incentive payments. Continue reading

Growth Areas And Changes To Watch For In The Health IT Market In 2014

According to a new Research and Markets’ report entitled: North American Healthcare IT Market Report 2013-2017, the health IT market of North America is going to grow at a compound rate of 7.4 percent to reach $31.3 billion by 2017 from $21.9 billion in 2012. https://i2.wp.com/cdn2.hubspot.net/hub/215468/file-397288998-png/Blog_Images/north_american_health_it_growth.pngThe main factors driving this growth include higher demand for clinical information technology, and administrative solutions and services.

The report segments the market on the basis of applications, delivery modes, and components. Based on application, the North American healthcare information technology is segmented into provider (clinical information technology and non-clinical information technology) and payer, while the market by delivery mode is further categorized as on-premises, Web-based, and cloud-based. The healthcare information technology by component is made up of hardware, software and services. [@HealthITplus] Continue reading

Huge Growth Expected In The Area Of Device Integration [REPORT]

Device integration market is expected to grow ten-fold in next six years

According to a report from Transparency Market Research, the global medical device connectivity market will grow at a compound rate of 37.8 percent from 2013 to 2019, taking the current market worth $3.5 billion to over $33 billion by 2019.

https://i1.wp.com/medtechinsider.com/wp-content/uploads/2009/01/cambridge-consultants.jpgData integration from medical devices into EMRs helps save time, costs and eliminates human errors during documentation, and Meaningful Use clearly promises huge growth in the device integration. The market is already witnessing a steep rise with North America being the strongest contender. Thanks to increasing adoption of EMRs, and its continued growth is driven by factors such as increased need for workflow automation, efforts toward better patient safety, saved nursing hours, increased productivity of healthcare institutions, and minimizing the need for re-admissions. [twitter.com/HealthITplus] Continue reading

Hospitals Are Set For Meaningful Use Stage 2 Now [REPORT]

More than 60 percent hospitals are prepared to take on Meaningful Use Stage 2, according to new HIMSS Analytics [twitter.com/HealthITplus]

https://i0.wp.com/www.ehealthdc.org/wp-content/uploads/1_Meaningful-Use_Arrow.jpgA new report released on Sept 18 from HIMSS Analytics, Hospital Readiness to Meet Meaningful Use Stage 2, reveals that over 60 percent of eligible hospitals have acquired the requirements for meaningful use stage 2. The report assesses the preparedness of eligible hospitals and their electronic health records that are used to store all patient information.

The highlights of the report include:

  • At least 60 percent of hospitals in the sample have met the requirements for at least nine of the core metrics that define Stage 2 meaningful use; and
  • Some 70 percent of respondents across all metrics are actively moving toward meeting Stage 2 meaningful use requirements.

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The Missing Link Between Meaningful Use And Health IT Innovation

Deadlines can never bring forth innovation. When everything is under the MU pressure, the need to meet Federal Mandates overshadows everything else. This results in loopholes, and in many cases, leads to bad engineering. [twitter.com/healthitplus]

https://i2.wp.com/www.medicaldatamanagementgroup.com/wp-content/uploads/2011/06/Picture-13.pngMany a times, EMRs are produced to meet the MU requirements but doesn’t meet the needs of the consumers. As a result, MU is failing to create the environment it is attempting to create through the stringent regulations and deadlines.

Yes, Meaningful Use has supported innovation in ways such as:

  • The Blue Button Plus supports a new, higher level of patient access to their data,and is built from components and requirements already present in Stage 2.
  • The Query Health initiative has done innovative work that supports not only its stated focus (health research) but also automation of quality measurement using HL7′s HQMF.

But eventually the Meaningful Use will stress on EMR developers to come up to the MU standards but not innovation. So, maybe we will see a gradual rise in applications that provide a different set of functionalities to EMRs.

Readers, what innovations would you like to see?

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It’s Time for Consumers to Get Serious about Their EMRs

A new survey shows that many consumers are willing to switch doctors in order to get access to medical data

https://i1.wp.com/ak3.picdn.net/shutterstock/videos/4498373/preview/stock-footage-female-doctor-talking-to-patient-using-tablet-computer.jpgA recent survey shows that a large number of US consumers (41 percent) are willing to switch doctors in order to get complete access to their medical records. And patient education and increased patient engagement is to blame for this. Doctors, although are not showing the same enthusiasm.

The survey covered over 9000 people in nine countries. Few key findings of the report are:

  • Only About one-third (36 percent) of consumers have access to their EMR
  • Amongst those who have, more than 57 percent have taken ownership of their medical records by self-tracking personal health information, including health history such as physical activity and health indicators such as blood pressure, weight etc. Continue reading

Why EMRs Are Crucial To Patient Satisfaction

EMRs play a crucial role when it comes to keeping patients happy and satisfied, a new study suggests.

https://healthitplus.files.wordpress.com/2013/09/5c9b5-ehrl.jpgAccording to a study conducted by Aeffect and 88 Brand Partners, more and more patients are logging in to check their medical records and like it. Data suggests that about 24 percent of patients log into their EMR to receive test results, order medication refills and to book appointments with their physician. Also, 78 percent of those patients reported being more satisfied with their doctors in comparison to 68 percent of those who had not used EMRs.

The growing portion of provider’s reimbursement is driven by patient satisfaction, which is why it becoming a top priority for healthcare providers. But for a lot of hospitals, the issue still persists. Their patient satisfaction survey results make up 30 percent of their quality score in Medicare’s “value-based purchasing” program, part of the Affordable Care Act. Continue reading

EHR and HIE Use on the Rise

According to a recent report, the adoption of EHR systems by healthcare organizations and their participation in EHR incentives have increased significantly since 2009. The report was released to Congress by the Office of National Coordination for Health IT.

The following were the benefits of Health IT highlighted in the report:

https://i0.wp.com/www.brookdalecc.edu/Images/OBCD%20Images/Electronic-Health-Records.jpgAccording to the report, health IT can:

  • Empower providers;
  • Increase transparency;
  • Boost the study of care and payment delivery systems; and
  • Drive improvements in care, efficiency and population health. Continue reading

Old technology costs Hospitals $8.3 billion…..annually

When it comes to delivering patient care through mobile technology and internet enabled services, hospitals and U.S. physicians are still in the digital dark ages. This lag between technology and healthcare providers is costing U.S. hospitals an estimated $8.3 billion annual hit in lost productivity and increased patient discharge times, according to a Ponemon Institute survey of 577 health care professionals.

The major concerns hospitals are facing is to stronghold patient privacy. Due to the mainstreaming of social media, patient health information security concerns are peaking and federal rules impose steep fines for violating patient privacy. Continue reading