Health IT Product News Report
Allied Market Reseach reports that the US Health Care Information Technology market was evaluated at $61,018 million in 2017, and is estimated to reach $149,178 million by 2025, at a CAGR of 11.7% during the forecast period. The industry is driven by growing demand for improved patient safety and patient care as well as increase in government initiatives to promote and adopt health IT.
Data Bridge Market Research reports the market drivers and growth can be attriuted to the increase in technological know-how, growing volume of patient data, and demand for quick and efficient healthcare processes and systems will help in driving the growth of the healthcare IT market. Increasing digitization in the healthcare industry and demand for value based care and rising cost of provision of healthcare services coupled with the increasing number of healthcare facilities will likely accelerate the growth of the healthcare IT market in the forecast period of 2020-2027.
And finally over 120 companies are found on the newest Inc. 5000 2020 list of fastest growing private companies. Several of those in the top 200. The list is ranked according to percentage revenue growth when comparing 2016 and 2019.
Read all our product news reports. Here is a snapshot of health IT product news being announced.
Health IT Product News:
MedAssist’s Digital Patient Engagement Platform MGagementSM Now Available on Epic’s App Orchard
Building on its ‘Digital First, Digital Now’ strategy, MedAssist (@MedAssistSol), a Firstsource Company and a provider of digitally-enabled Healthcare Revenue Cycle Management solutions, listed its proprietary solution MGagement℠ on App Orchard.
Innovative New Wellness Technology, Heuro Health, Launches
Heuro, LLC (@Heuro_Health) announces the launch of Heuro Health, a progressive new app for iOS and Android mobile devices that bridges the gap between patient and provider—motivating its members to centralize their own health, medical and lifestyle information in one secure and user-friendly place. Debuting in collaboration with one of the largest health plans in the nation, Heuro combines telehealth services, proprietary analytics and an innovative UI/UX design to help lower healthcare costs by encouraging wellness-focused behaviors. With intuitive in-app access to live health coaches, doctors, wellness classes and comprehensive, actionable data, the rapidly growing platform plans to announce its strategic healthcare industry partnerships in the coming months.
Nuxeo Achieves HITRUST CSF® Certification to Further Mitigate Risk in Third-Party Privacy, Security, and Compliance
Nuxeo (@nuxeo), developer of a cloud-native Content Services Platform, announced that the Nuxeo Cloud Platform and the implementation of supporting AWS systems and AWS infrastructure has earned Certified status for information security by HITRUST.
Qure4u Introduces the Digital Health Key™
Qure4u Inc. (@Qure4u), a company offering a complete virtual care and patient engagement platform, launched its innovative Digital Health Key™, providing convenient access to care at patients’ fingertips.
Telemedicine Product News:
Caregility Ranked #1 in 2021 Best in KLAS: Virtual Care Platforms (Non-EMR)®
Caregility (@caregility), a company dedicated to delivering care to wherever the patient is located through the use of the Caregility Virtual Care Platform, announces that the Company has been ranked #1 in the 2021 Best in KLAS: Virtual Care Platforms (Non-EMR) report.
The IoT Community Announces Hippo Technologies Inc., has Joined its elite IoT Ecosystem as a Platinum Level Corporate Member
The IoT Community (Internet of Things Community), a community of CXOs and IoT professionals and practitioners, announces Hippo Technologies, Inc. (@myhippolife), a virtual care company delivering solutions for healthcare and medical education, has joined its elite ecosystem as a Platinum level corporate member. Its Hippo Virtual Care™ platform and products bridge the gap between physical care and virtual care, enabling healthcare providers and educators to overcome the barriers of time, distance and training.
Tyto Care Introduces Pulse Oximeter to Remotely Monitor Blood Oxygen and Heart Rate
New York-based Tyto Care (@TytoCare) an all-in-one modular device and examination platform for artificial intelligence-powered remote medical exams, announces the release of its U.S. FDA-cleared fingertip Pulse Oximeter (SpO2). This device enables TytoCare users to check their blood oxygen saturation levels and heart rate, which are both crucial for monitoring chronic conditions as well as COVID-19.
AI Product News:
EarlySense to Accelerate Growth in Remote Patient Monitoring Sector With Sale of Contact-Free Monitoring Technology To Hillrom
EarlySense (@EarlySense_Ltd), a global company in contact-free, continuous monitoring solutions across the healthcare continuum, announced that it has sold proprietary contact-free continuous monitoring technology to Hillrom. Under terms of the agreement, EarlySense will receive licensing for all intellectual property and technology sold to Hillrom for use outside the hospital, as well as a cash consideration of $30 million, potential payments based on the achievement of certain commercial milestones, and a portion of Hillrom’s equity investment in EarlySense.
Virtua Health Unveils New Tool to Make Accessing Care Easier for Patients in South Jersey
Virtua Health (@VirtuaHealth), South Jersey’s largest health system, has deployed Loyal’s Guide, an artificial intelligence (AI) healthcare chatbot and live chat solution, to improve patients’ online experience. In addition to handling appointment requests, billing questions and other triage functionalities for hospitals and health systems, Guide allows patients to type in a wide variety of questions they may have on Virtua Health’s website.
Biobeat Launches Health AI Hospital At Home Patient Monitoring Kit
Biobeat (@BiobeatT), a global company in continuous remote patient monitoring solutions for the healthcare continuum, has launched a new home-based remote patient monitoring kit. The solution allows healthcare providers to remotely monitor patients’ vital signs and receive updates and deterioration alerts, helping to alleviate hospital overload, reduce costs and improve patient care.
Bioclinica Announces Breakthrough AI Image Redaction Technology for Clinical Trials
Bioclinica (@bioclinica), an integrated solutions provider of clinical life science and technology expertise, announced a new product to support redaction of sensitive patient information from videos, photos, and PDFs in clinical trials. The addition of Image Redact AI to Bioclinica’s portfolio of specialty software solutions makes it the first and only company that can redact sensitive patient identifiers from videos in addition to photos and PDFs.
OncoHost Secures $8 Million Series B Funding Round to Advance its AI-Powered Precision Oncology Platform
OncoHost (@OncoHost), a global company in host response profiling for improved personalized cancer therapy, announced the completion of a $8 million Series B funding round. The funding will help finance OncoHost’s ongoing clinical trials, open a US-based affiliate and prepare for the upcoming launch of PROphet®, the company’s machine learning-based Host Response Profiling platform that combines proteomic analysis with AI to predict patient response to immunotherapy, providing clinicians with potential combination strategies to overcome treatment resistance.
Greenlight Guru Launches Halo℠ For Change Management, World’s First AI & ML Recommendation Engine for Medical Device Quality
Greenlight Guru (@greenlightguru), a medical device quality management software (MDQMS) platform company, announced the launch of Halo℠ for Change Management, the world’s first AI and machine learning recommendation engine for medical device quality. This revolutionary product provides quality and product teams with recommendations of items impacted by a change order and the real-time visibility needed to discover, assess and manage the impact of a change. With the launch of Halo℠ for Change Management, medical device companies can stop reacting and start predicting.
Viz.ai’s Viz RECRUIT Software Enables Faster Medical Research
Viz.ai (@viz_ai) has announced the launch of Viz RECRUIT, cutting edge software that uses artificial intelligence to accelerate clinical studies. Viz RECRUIT uses AI to automatically detect a suspected disease such as a brain hemorrhage, a tumor, or a cardiac structural abnormality, and uses that insight to ensure the right doctor is notified about the patient. This improves workflow and expedites enrollment in trials. Viz RECRUIT alerts research teams about potentially eligible trial patients across an entire health system and enables easy communication between clinical teams, research teams, principal investigators, and core labs to facilitate enrollment.
Nuance Launches Omnichannel Patient Engagement Virtual Assistant Platform to Power Healthcare’s ‘Digital Front Door’
Nuance Communications, Inc. (@NuanceInc) launched an AI-powered patient engagement virtual assistant platform to transform voice and digital experiences across the patient journey. Combining decades of healthcare expertise with award-winning intelligent engagement technology trusted by 85 percent of the Fortune 100 companies worldwide, the advanced platform integrates and extends the capabilities of the electronic health record (EHR), customer relationship management (CRM), and Patient Access Center systems to enable healthcare provider organizations to modernize their ‘digital front door’ and improve clinical care.
COVID-19 Product News:
Lumeon Eases the Burden on Care Teams with the Rapid Deployment of COVID-19 Vaccination Self-Scheduling
Lumeon (@lumeon_), a digital health company in care journey orchestration, announced the launch of its COVID-19 Vaccination Campaign Management solution, allowing healthcare providers to rapidly deploy vaccination programs and alleviate the pressure on care teams with automated patient outreach, self-scheduling, and surveys.
WinWire launches Vaccine Management Solution Built on Microsoft Azure
WinWire Technologies (@winwire), a digital engineering services company, launched its Vaccine Management solution built on Azure. Healthcare organizations need to create new business processes to deliver vaccines to patients. The WinWire solution enables them to efficiently develop and manage vaccine programs at scale, speeding up vaccine delivery.
CipherHealth Releases COVID-19 Vaccine Communications Solutions to Keep Communities, Patients, Staff and Caregivers Connected and Informed During the COVID-19 Vaccine Rollout
As providers grapple with a vaccine rollout of unprecedented complexity, patient engagement leader CipherHealth (@cipherhealth) has announced its COVID-19 Vaccine Communications solutions, a set of proven communications and outreach solutions specifically designed to help healthcare organizations keep their patient population informed and educated on the rollout of vaccines in their communities amid rapid change.
Notable Health First to Launch Automated Identification and Engagement of Patients Eligible for COVID-19 Vaccine
Notable Health, an intelligent automation company for healthcare, announced it has extended its platform capabilities to support automating COVID-19 vaccine administration workflows.
Kyruus Enables Online Scheduling for COVID-19 Vaccine Visits and Facilitates More Than 100,000 Appointments in the First Month
Kyruus (@kyruus), a company offering provider search and scheduling solutions for health systems, announced that it has expanded its patient access platform to enable customers to offer online consumer scheduling for COVID-19 vaccine visits.
LexisNexis Risk Solutions Expand Patient Verification Integration Capabilities to Support National COVID-19 Vaccination Rollout
The Health Care business of LexisNexis® Risk Solutions (@LexisNexisRisk) has collaborated with Epic, the creator of the leading electronic health record (EHR) at the scale of 250 million patient records worldwide, to offer simplified, quick-to-implement identity verification and authentication solutions to healthcare providers using the MyChart® patient portal.