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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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

Patient Portals Business Set To Gain Huge Returns

Healthcare providers are aggressively adopting portal technology as market becomes more disruptive day-by-day

A new study suggests that by 2017, the U.S. patient portal business is expected to reach $898.4 million from a mere $279 million in 2012 – representing a staggering 221 percent growth.

https://i2.wp.com/www.healthfusion.com/images/new/BrowsingIpad_LookingOverSholder.jpgA new analysis “U.S. Patient Portal Market for Hospitals and Physicians: Overview and Outlook, 2012–2017” by Frost and Sullivan suggests that there will be an exponential growth witnessed in the patient portal segment, largely driven by regulatory factors such as the need to meet stage 2 meaningful use requirements. Other factors would include the growing move to clinical integration, Accountable care, and increasing consumer demand for health information technology.

According the study, around 50 percent of U.S. hospitals and 40 percent of U.S. physicians have some kind of patient portal technology which they use in conjunction with their electronic health record system. Continue reading

HIEs and Patient Engagement – The Right Time is Now

https://i1.wp.com/blog.sequelmed.com/wp-content/uploads/2012/01/012512_0638_HealthInfor1.pngWe have heard about Health Information Exchanges (HIEs) moving data from patient side to providers but the reverse action has rarely been attempted – until recently.

Not including patients in the Health Information Exchange table is understood but that defeats the whole purpose of patient engagement. HIEs are meant to aggregate all the information from multiple providers – leveraging various interfaces and then deliver the data back to consumers. Continue reading

Clinical Mobility Market Growing Strong

Data centres and IT organizations facing new demands owing to the uptrend in mobility, according to new report.

According to a new report by IDC Health Insights, the clinical mobility spending in United States is expected to rise from USD 2.9 billion in 2011 to USD 5.4 billion in 2016; an annual growth rate of 12.7 percent.

The report called “Business Strategy: U.S. Clinical Mobility 2011-2016 – Forecast and Analysis” contains a report on the nation’s spending forecasts for clinical mobility. The spending also included hardware (mobile devices and data centre infrastructures), various technological services and software & applications related to clinical mobility.

But the growth in clinical mobility must also stack in line with the demands of the overall Healthcare IT and need to respond to the healthcare reforms. Thankfully, implementation of meaningful use technologies such as EHRs, eRx, CPOE, HIE etc will augment the use of mobile devices and mobile point-of-care solutions to enhance clinical workflow and patient care.

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How do physicians feel about EHRs and how does its adoption affect you?

One of the major problems faced by the healthcare department is the interoperability between different systems and lack of integration between various medical devices. This is also one of the hottest debated topics in healthcare. From where we are and seeing the current speed of EHR adoption, it’ll have to be few years before we really start enjoying the benefits of mass EHR adoption.

https://i1.wp.com/www.med3000.com/Portals/46580/images/do-ipads-and-ehrs-mix1.jpgA recent study in the Journal of the American Medical Informatics Association found that entrenched behavior is a bigger factor than we realize. Doctors aren’t Luddites, but many have learned to “absorb” uncertainty rather than trying to minimize it through technology.

Just like any technology trend — we have the early adopters on board, but it’s not easy to change behavior. Continue reading

Security on Mobile devices a top concern for Health IT execs

According to a report by HIMSS Analytics, the rising trend of use of smartphones and other mobile computing devices and its effect on the healthcare information network security were a key concern for healthcare execs. The report also highlighted the growing popularity of BYOD at workplaces. Health providers are increasingly using their mobile devices into workplace; a trend that is both inevitable but at the same time raises healthcare related concerns, the leaders said.

The report summarizes a one-hour focus group meeting with seven hospital health IT leaders during the HIMSS annual convention in March in New Orleans. Cable services provider Comcast contributed support for the research. Continue reading

Healthcare IT and interoperability

Many listeners are familiar with EHRs (Electronic Health Records) in their professional capacity or as a patient. You may not realize how difficult it is for enterprise systems to be able to move information between hospitals, private practices, and reference laboratories.

Today’s interview with Doctor Doug Fridsma takes a look at healthcare IT interoperability. He is the chief science officer for the ONC (Office of the National Coordinator or Health Information Technology) at the Department of Health and Human Services. Continue reading

Electronic Health Records Vs Traditional Paper Records

Electronic Health Records (EHR) alleviates redundancies across the healthcare workflow and provides access to complete patient history without having to sift through a huge pile of paperwork, saving time and workload to healthcare providers. Integrated through the continuum of care, health information exchange (HIE) is becoming more important as hospitals across the nation begin to attest to Meaningful Use of EHRs and prepare for Stage 2.

Here are the top takeaways on EHRs and how EHR could save big bucks for healthcare providers:

  • Outpatient facilities that adopt and use EHR over 15 years could have net savings of $142 billion.
  • Inpatient settings that adopt and use EHR over 15 years can experience net savings of $371 billion.
  • Physicians accumulate around 975 new pages of paper work each week.Nurses using EHR have seen reductions in documentation time up to 45%.

https://i1.wp.com/ihealthtran.com/wordpress/wp-content/uploads/2013/03/Inforgraphic-traditional-paper-records-vs-Electronic-medical-records-EMR-Infographic-friday1.jpgImage Source: ihealthtran.com

 

CIT’s Annual 2012 Health IT Survey Shows Virginia is a National Leader in Telehealth

Third Annual Online Virginia Health IT Assessment Also Shows State-wide Boost in Adoption of Electronic Health Records, Faster Broadband Speeds.

The Center for Innovative Technology (CIT) announced today the results of its 2012 Health Information Technology (IT) Assessment survey that shows Virginia’s national leadership in telehealth initiatives. It also documents faster broadband speeds across the Commonwealth and an increase in adoption rates of electronic health records by Virginia physicians. The survey was completed in partnership with Broad Axe Technology Partners and in conjunction with the Secretaries of Health and Human Resources and Technology. Continue reading