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:
GE Healthcare’s Industry-First Contrast-Guided Biopsy Solution, Serena Bright, Installed in Five Major Hospitals in the United States
GE Healthcare (@generalelectric) announced the installation of Serena Bright™ in five hospitals and radiology centers around the United States. Serena Bright™ is the industry’s first contrast-guided biopsy solution, helping empower clinicians and patients in their fight against breast cancer.
Telemedicine Product News:
CAIRE Introduces myCAIRE Telehealth Solution
CAIRE Inc. (@CAIRE_Inc), pioneers of the portable oxygen concentrator and the only global manufacturer covering the entire continuum of care for the oxygen patient, announced the US launch of its next-generation telehealth solution – myCAIRE™ — at its corporate headquarters and Respiratory Center of Excellence.
InterSystems Launches TrakCare® 2021 as a Foundation for Virtual Care Innovation
InterSystems, a creative data technology provider dedicated to helping customers solve the most critical scalability, interoperability, and speed problems, has announced the availability of the latest version of its TrakCare® Unified Healthcare Information System, T2021. The latest TrakCare update responds to the increasing demand for telehealth and virtual care with the introduction of integration with InterSystems HealthShare® Personal Community, a comprehensive, cross-EMR patient portal.
AI Product News:
New AI-Based Clinical Trial Matching Solution, Deep Lens’ Viper™, Expanding Offering to Cancer Patients at Norton Healthcare
Deep Lens (@deeplens_ai) announced a collaboration that will integrate Deep Lens’ artificial intelligence (AI)-based clinical trial screening and matching solution VIPER™ , into cancer research. VIPER uses proprietary cloud-based technology to facilitate, triage and accelerate the clinical trial recruitment process. The technology will be used at Norton Cancer Institute, the largest provider of cancer care in the Louisville, Ky., area. VIPER will be used to streamline the patient recruitment process by minimizing resource constraints and enabling immediate access to a greater number of clinical trials.
Jvion Launches Behavioral Health Vulnerability Map to Support and Inform the Response to America’s Mental Health Crisis
Jvion (@JvionHealth), a clinical artificial intelligence (AI) company, launched its Behavioral Health Vulnerability Map to support the response to America’s mental health crisis. To create the map, Jvion used its AI CORE™ to analyze public data on social determinants of health (SDOH) and determine the vulnerability of every US Census block group. Here, vulnerability refers to the likelihood that residents will experience adverse behavioral health events such as self-harm, suicide attempts or overdoses. The map also identifies the most influential social determinants in each region, enabling action to address the social and environmental conditions that contribute to mental illness.
Surveyor Health Demonstrates 19.3% Reduction in Cost of Care in Underserved Medicaid Community Via New SurveyorAI Platform for Population Medication Management
Surveyor Health Corporation (@SurveyorHealth) launched the SurveyorAI platform, a patented technology that drives efficiency and affordability for population medication management using drug knowledge from FDB (First Databank). The company also released the results of a Stanford-guided two-year study and peer reviewed research in the Journal of Managed Care & Specialty Pharmacy. The study validates the platform’s ability to enhance remote medication management while lowering costs, reducing utilization, and improving health.
FDA Medical Devices approved in June
The FDA regulates medical devices sold in the United States to assure their safety and effectiveness. Medical devices range from simple tongue depressors and hospital gowns to complex programmable pacemakers and robotic surgical systems. Their Medical Device Product Classification database lists over 6,000 types of medical devices regulated by FDA’s Center for Medical Devices and Radiological Health (CDRH) and the classification assigned to each type. Depending on the device classification, along with other factors, federal regulations (such as the Code of Federal Regulations, Title 21) define requirements that must be fulfilled for CDRH to approve or clear devices sold in the United States.
Here are the recently approved devices for the month of June.