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:
Lightbeam Version 3.5 Release Aligns with Prominent CMS Initiatives
Lightbeam Health Solutions (@LightbeamHealth), a provider of end-to-end population health management solutions and services, announced the release of the newest version of its population health management platform: Version 3.5. The new version of the platform brings several substantial enhancements, most notably real-time notifications.
Lightbeam’s New Payer Solutions Enhance Payer-Provider Alignment
Lightbeam Health Solutions (@LightbeamHealth) announced new enhancements to its suite of payer solutions, which facilitate information sharing and improve transparency under value-based contracts.
Cheyenne Mountain Software Announces New Name and Expanded National Presence for Its Patient Movement Platform
Motient, formerly Cheyenne Mountain Software, announced its new name and expanded national reach for its advanced Mission Control solution. Motient’s patient movement platform empowers hospitals and health systems to establish universal workflows for emergent patient movement, capturing previously inaccessible data to improve patient care and realize new-found quality and revenue opportunities.
Rimidi Enhances Leading Clinical Management Platform To Meet the New Needs of Hospitals and Health Systems
Created for clinicians by clinicians, Rimidi (@Jointherimidi), a clinical management platform designed to optimize clinical workflows, enhance patient experiences and achieve quality objectives, announced enhancements to its EHR-integrated platform designed to better support hospitals and health systems as they seek to overcome many challenges identified prior to — and during — the COVID-19 pandemic.
Figure 1 Unveils Next Generation Medical Case Sharing & Education Platform for HCPs
Figure 1 (@Figure1), a Toronto-based healthcare technology company, has announced the launch of their next generation case-based knowledge-sharing platform with a new and improved user interface that enables a highly personalized user experience for Health Care Professional (HCP) members.
Vocera Introduces New Cloud-Based Clinical Communication and Collaboration Solution
Vocera Communications, Inc. (@voceracomm), a provider of clinical communication and workflow solutions, introduced its new cloud-based clinical communication and collaboration (CC&C) solution for smartphones called Vocera Edge.
Wolters Kluwer launches patient education platform to meet demand for accessible content aligned with care team recommendations
Wolters Kluwer, Health (@Wolters_Kluwer) announced the release of EmmiEducate™ to improve alignment between patients and their care teams. With educational content tailored to a variety of learning and reading styles, and interoperability across disparate systems and access points, EmmiEducate gives providers the ability to easily support their patients’ information needs within their workflow, delivering easy-to-understand educational materials that mirror the guidance provided to patients during the clinical encounter.
DSS, Inc. Launches Juno Health, LLC Commercial Division at HIMSS 2021
Document Storage Systems, Inc. (@DSSHealthIT), a provider of health information technology (HIT) solutions for federal, private and public healthcare organizations, announced that it will launch its Juno Health commercial division at HIMSS 2021 in booth #4954.
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:
Envision Healthcare Radiologists Harness Artificial Intelligence to Enhance Care Quality, Patient Experience
Envision Healthcare (@EnvisionLeads), a national medical group, announced that its radiologists are successfully leveraging artificial intelligence (AI) to enhance clinical evaluations and the delivery of high-quality, patient-centered care. The newly implemented AI software assists radiologists with disease detection, case prioritization and diagnosis, and has been optimized to detect three common and consequential medical emergencies: intracranial hemorrhages, pulmonary embolisms and cervical spine fractures.
RSIP Vision Announces New Tool for Sports Medicine Applications, Enabling Automated Assessment of Cartilage Damage
RSIP Vision (@RSIPvision), a clinically proven company in real-world AI solutions for medical image analysis, announced a new articular cartilage segmentation tool that delivers accurate, non-invasive and automatic assessment of chondral lesions in MRI scans. This new software module enables quick, precise, deep learning-based segmentation of joint cartilage from MRI scans of hips, knees, and ankles. RSIP Vision’s advanced medical imaging algorithms provide accurate measurement of the location, geometry and boundaries of osteochondral lesions in MRI images, which enable the physician to easily evaluate the extent of the damage, select the appropriate treatment and assess its efficacy.
Screening for Dementia with Artificial Intelligence
With the support of a new grant worth $3.9 million, Michigan State University (@MSUnews) researchers are developing technology that scans speech and vocabulary patterns to catch early signs of Alzheimer’s disease, the most common cause of dementia. Jiayu Zhou, an associate professor in MSU’s College of Engineering, is leading the effort that’s powered by artificial intelligence, or AI, and funded by the National Institutes of Health. In collaboration with Oregon Health & Science University and Weill Cornell Medicine, the goal is to code an easy-to-use smart phone app to help assess whether a follow-up medical diagnosis is needed.
FDA Medical Devices approved in “MONTH/YEAR”
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.