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:
Blipcare Launches Blip BP 800, Cellular Blood Pressure Monitor Specifically Designed for Remote Patient Monitoring (RPM)
Blipcare (@blipcare), the company that developed the world’s first Wi-Fi blood pressure monitor, announced availability of its new cellular blood pressure monitor, the Blip BP 800. The Blip BP800 is specifically designed to serve patients who need Remote Patient Monitoring (RPM). It requires neither setup nor cables to plug in. The monitor is the only product of its kind on the market that supports multiple users – and even guest users.
SPH Analytics’ Receives NCQA Certification for 2020 HEDIS Measures
SPH Analytics (@SPHAnalytics), a healthcare analytics and population health management company, announced that the National Committee for Quality Assurance (NCQA) has certified its Population Care™ | Quality Measures application for HEDIS® 2020 Health Plan and Allowed Adjustments Measures, increasing its measure library to 39 in HEDIS 2020.
Top-Rated E-Prescribing App Achieves 100% Year-Over-Year Growth, Doubles User Count, Becoming an Essential Tool for Medical Professionals During the Pandemic
DrFirst (@DrFirst) announced the continued momentum and exceptional growth of iPrescribe, its top-rated mobile e-prescribing app that lets healthcare providers safely and securely prescribe any drug from any location, with just a few taps on a smartphone.
Telemedicine Product News:
One Touch Telehealth Launches New Release 5.0
One Touch Telehealth (@otvideochat) announces its new software release, Version 5.0: “Beyond Virtual Care.” Carrie Chitsey, Co-Founder and CEO says that, “With the increase in video telehealth amid COVID-19, virtual care is here to stay. We fast-tracked our new release given the 500%+ increase in the use of video telehealth from our client base and insights from our customers on what they need to be successful in virtual patient workflows.”
Amwell® Simplifies Telehealth Access with Amwell Now and Expanded Carepoint™ Portfolio
Amwell® (@amwell), a national telehealth company, announced new connectivity, device and cart offerings, all tailored to meet the evolving needs of care teams and patients. Spurred by the impact of the COVID-19 pandemic, Amwell is introducing Amwell Now, new Touchpoint Tablet software, and the C500 telemedicine cart to help health systems and other healthcare organizations easily leverage telehealth as a safe, quality care option.
AI Product News:
Diagnoss Launches AI-based Medical Coding Assistant to Augment Tedious, Time-Consuming, and Error-Prone Coding Process
In 2019, the U.S. spent more than $3 trillion on healthcare, 95% of which was dispersed through an insurance company, where every dollar must be codified. To respond to that fundamental – and still very inefficient – element of our healthcare system, Diagnoss (@inewswire) announced the first AI-based medical coding assistant that augments, not just automates, the medical coding process. The Artificial Intelligence Engine delivers providers and billing teams alike with real-time feedback on their documentation and coding, constantly learning to improve each clinic’s system’s accuracy.
Novarad Launches New COVID-19 Artificial Intelligence Software, Available for Free Download Worldwide
Novarad (@NovaradCorp), a transformative imaging technologies company, is launching its new COVID-19 AI Diagnostic Assistant worldwide to make fast, accurate diagnosis of COVID-19 possible – free of charge. In partnership with Intel Corp., and leveraging Azure, Microsoft’s cloud computing service, Novarad is offering free use of a diagnostic system that combines DICOM routing, encryption, an AI processing engine, and secure reporting for the detection of COVID-19 from CT scans. This unique algorithm can produce diagnostic results in seconds, rather than days, enabling clinicians to rapidly isolate and treat patients who are likely suffering from COVID.
Patient Forecaster’s Precision Staffing Tool Now Includes Predicted Hourly Bed Capacity, Patient Volumes and Hospital Admissions for Regional COVID-19 and Expected Flu Figures
Patient Forecaster (@PatientForecas1), an AI-powered precision staffing platform, announced the latest release of its emergent and urgent staffing tool. This breakthrough technology offers emergency department and urgent care center leaders’ greater predictability of patient volumes, bed capacity, hospital admissions and staff scheduling. Better predictability allows for tighter alignment of staffing with patient demand, thus lowering overall cost of care. It also improves the joy of work for providers as they are better matched to serve the needs of patients and their families.
GE Healthcare Introduces New Edge Technology Designed to Give Clinicians Rapid Access to Critical Data
GE Healthcare (@GEHealthcare) introduced Edison HealthLink, new edge computing technology designed specifically for the needs of healthcare providers, that allows clinicians to collect, analyze and act upon critical data closer to its source. With 10 applications already available through Edison HealthLink – including TrueFidelity image reconstruction, Mural Virtual Care and CT Smart Subscription – the solution gives healthcare providers another entry point into the Edison ecosystem.
COVID-19 Product News:
TVM.Bio® Introduces New Tool to Fight COVID Pandemic and Potentially Stop Lockdowns: Smart COVID Card™ Helps Individual Users Verify Negative Disease Status, Keeping Communities, Businesses and Employers Safe Through Data Sharing
TVM.Bio® (@tvmbio) officially announced the release of its patent-pending Smart COVID Card™ to help businesses and local governments battle the spread of the ongoing global pandemic. The Smart COVID Card™ is a piece of modern technology that uses USB and Near Field Communication (NFC) to securely encode, store and access confidential medical information like COVID-19 test results through a secured HIPAA portal.
Vocera Smartbadge Named to TIME’s List of the 100 Best Inventions of 2020
Vocera Communications, Inc. (@voceracomm), a recognized leader in clinical communication and workflow solutions, announced that the wearable Vocera Smartbadge has been named to TIME’s list of the 100 Best Inventions of 2020. Today, TIME revealed its annual list of the 100 Best Inventions that are making the world better, smarter, and even a bit more fun. The award-winning Vocera Smartbadge enables hands-free communication and can be worn under personal protective equipment (PPE), minimizing the risk of contamination and helping preserve valuable PPE.