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:
IllumiCare Launches Spotlight™ App, Reducing Provider Costs and Improving Hospital Operations
Healthcare supply costs are increasingly influenced by clinician orders. In 2019, before accounting for the pandemic, supply costs were expected to exceed labor expenses by 2020. IllumiCare (@IllumiCare), a point-of-care technology company, introduces Spotlight, an app for the popular IllumiCare Smart Ribbon to provide hospital systems with real-time cost analysis with unmatched detail. This first-of-its-kind discovery tool gathers and showcases macro to micro views of prescription and test costs at the order level in the EHR, broken down by prescribing clinicians.
Telemedicine Product News:
CareNiva Launches AI-Powered Telehealth Platform to Enhance Level of Patient Care
CareNiva (@CareNivaInc) announced the launch of its Artificial Intelligence (AI)-driven Telehealth platform. CareNiva leverages cutting-edge AI technology to deliver a global healthcare solution for providers. Physician visits can take place across all platforms, making it easy and seamless to deliver care from anywhere at any time.
Teladoc Health Launches “myStrength Complete” As First Unified Mental Health Care Experience
Teladoc Health, Inc. (@teladochealth) announced the launch of myStrength Complete, an integrated mental health service providing personalized, targeted care to consumers in a single, comprehensive experience. The announcement comes as more than half of people with mental health concerns report that they do not know where to start when getting care, highlighting the importance of the digital front door myStrength Complete will provide.
Sharecare named best overall mHealth solution in 2021 MedTech Breakthrough Awards
Sharecare (@SharecareInc), the digital health company that helps people manage all their health in one place, announced its receipt of the 2021 MedTech Breakthrough Award for ‘Best Overall mHealth Solution’ for its comprehensive well-being platform. Now in its fifth year, the MedTech Breakthrough Awards honor the top companies, people, platforms, and products in health, fitness, and medical technology.
MDLIVE Achieves HITRUST CSF® Certification to Manage Risk, Improve Security Posture, and Meet Compliance Requirements
MDLIVE (@MDLIVEInc), an Evernorth company and one of the nation’s telehealth providers, announced that its patient portal, provider portal, and Care Connector portal have earned Certified status by HITRUST.
Health Recovery Solutions (HRS), the KLAS Leader in Remote Patient Monitoring, and Caregility, the KLAS Leader in Virtual Care Platforms, Announce Partnership
Health Recovery Solutions, a provider of telehealth and remote patient monitoring solutions, announced a partnership with Caregility (@caregility), a company dedicated to supporting the delivery of care wherever the patient is located through use of the Caregility Virtual Care Platform.
AI Product News:
Nuance and athenahealth Expand Strategic Collaboration to Reduce Cognitive Burden on Physicians and Care Teams and Improve the Patient Experience
athenahealth, Inc. (@athenahealth) and Nuance® Communications, Inc. (@NuanceInc) announced an expansion of their strategic collaboration to include the integration of Nuance’s cloud-based Dragon® Medical, bringing speech and virtual assistant technology into the athenaOne® EHR and Mobile App. By leveraging the power of Nuance’s conversational AI platform, athenaOne Dictation users can take advantage of fully integrated, voice-driven capabilities that help clinicians reduce documentation time and burden in an effort to improve patient experiences.
COVID-19 Product News:
New App, TeleHome, Connects Hospitalized COVID Patients With Loved Ones Through Virtual Visitations
With a mission of connecting isolated COVID-19 patients to their loved ones, COVID Tech Connect announced the launch of its new, free, HIPAA compliant, video conferencing app, TeleHome. Created in partnership with veteran telehealth provider, Caregility (@caregility), the free app makes it easy for healthcare professionals and caregivers to assist patients in setting up virtual visitations with family and friends. The app is now available free for download in the Google Play and Apple App Store. To use the app, healthcare professionals need to request free user accounts through the COVID Tech Connect website.