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.
https://www.healthcarenowradio.com/tag/product-news/
Health IT Product News:
Rainbow Health Launches Technology Platform to Extend Services for Hospital-at-Home Programs
Rainbow Health announced an extension of its platform Rainbow Care™ to encompass increased features for providers and health systems that offer hospital-at-home programs. The extended services will offer superior care coordination via Rainbow Health’s platform and have been designed to address the logistical challenges that hospital-at-home programs are facing, while keeping an overall goal of supporting the operationalization and scalability of the programs.
Implicity Receives FDA Clearance for AI-Powered ECG Analyzer for Implantable Loop Recorders
Implicity (@ImplicityHealth) a company in remote patient monitoring and cardiac data management solutions, announced FDA clearance for a novel medical algorithm that analyzes ECG data from Implantable Loop Recorders (ILRs). The newly 510(k) cleared ILR ECG Analyzer is an algorithm based on artificial intelligence, representing a breakthrough innovation in the cardiology sector.
Lightbeam Health Achieves HITRUST CSF® Certification
Lightbeam Health Solutions (@LightbeamHealth), a company in end-to-end population health management solutions and services, announced the population health management platform achieved HITRUST CSF Certified status. HITRUST CSF Certified status demonstrates that Lightbeam’s population health management platform has met key regulations and industry-defined requirements and appropriately manages risk.
World’s first automated 24/7 blood pressure monitor comes to the USA
Aktiia, a company in continuous blood pressure monitoring, announced that it is bringing its 24/7 Blood Pressure Monitor to the United States, delivering the next generation of clinical wearables specifically designed to meet the needs of both patients and physicians. Consumer wearables have struggled to gain acceptance and trust in the healthcare community. Eighty-one percent of physicians would not make a decision about a patient’s treatment or care based on data from a consumer wearable2. By comparison, physicians across Europe are already utilizing Aktiia to personalize their patients’ care.
COVID-19 Product News:
IntelyCare Sets New Industry Standard for Nurse Credentialing With Launch of Credential Passport
IntelyCare (@intelycare), a digital staffing platform for nursing professionals seeking per diem positions, announced the availability of the IntelyCare Credential Passport, a new tool that allows nurses to securely maintain and access their required documentation for credentialing in a single, easily accessible location. Touting the most rigorous credentialing process in the healthcare staffing industry, IntelyCare fully credentials staff as part of an onboarding process that requires applicants to upload their work license, Tuberculosis test, physical exam, CPR certification, COVID vaccination documentation, I-9 verification, and state-specific documents – which requires contacting a multitude of organizations to authenticate credentials.
FDA Expands Authorization of Two Monoclonal Antibodies for Treatment and Post-Exposure Prevention of COVID-19 to Younger Pediatric Patients, Including Newborns
FDA revised the emergency use authorization (EUA) of bamlanivimab and etesevimab (previously authorized for pediatric patients 12 years of age and older weighing at least 40 kilograms, or about 88 pounds), to additionally authorize bamlanivimab and etesivimab administered together for the treatment of mild to moderate COVID-19 in all younger pediatric patients, including newborns, who have a positive COVID-19 test and are at high risk for progression to severe COVID-19, including hospitalization or death.
FDA Authorizes New Long-Acting Monoclonal Antibodies for Pre-exposure Prevention of COVID-19 in Certain Individuals
FDA issued an emergency use authorization (EUA) for AstraZeneca’s Evusheld (tixagevimab co-packaged with cilgavimab and administered together) for the pre-exposure prophylaxis (prevention) of COVID-19 in certain adults and pediatric individuals (12 years of age and older weighing at least 40 kilograms [about 88 pounds]).
GPOPlus+ Announces the Launch of AntigenTests.com, a Project of HealthGPO
GPO Plus, Inc. (@GPOPlus), a publicly traded company of diversified industry-specific Group Purchasing Organizations (GPOs), announced the official launch of AntigenTests.com, a project of HealthGPO. HealthGPO is a Group Purchasing Organization for the Healthcare industry with operations and facilities located throughout the United States.
FDA Medical Devices approved in 2021
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 approved devices for 2021.
