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:
Cotiviti Achieves Qualified Entity Certification Status, Granting Access to Most Comprehensive Medicare Data Sets for Improving Healthcare Cost and Quality
Cotiviti (@Cotiviti), a provider of data-driven healthcare solutions, has achieved national Qualified Entity (QE) status through the Centers for Medicare & Medicaid Services (CMS) Qualified Entity Certification Program (QECP). As a certified QECP member, Cotiviti has been granted access to the most comprehensive and up-to-date normalized Medicare population dataset to study provider performance as well as patient risk. The addition of the QE data to Cotiviti’s Network Intelligence and DxCG Intelligence solutions, as well as its Caspian Clarity dataset representing approximately 40 percent of all covered Americans, increases the volume of Medicare data to which Cotiviti has access by 38 million lives.
Telemedicine Product News:
Amwell Expands Technology Platform with New Smart TV Carepoint Device for Hospitals
Amwell®, (@amwell) a national telehealth company, announced the continued expansion of its platform with the release of the Hospital TV 100. Designed to further expand integrated telehealth connectivity via the Amwell platform, the new Carepoint™ device enables hospitals to turn existing televisions into telehealth endpoints, allowing them to scale and simplify access to their telehealth infrastructure by using devices that already exist in patient rooms.
AI Product News:
EarlySense to Accelerate Growth in Remote Patient Monitoring Sector With Sale of Contact-Free Monitoring Technology To Hillrom
EarlySense (@EarlySense_Ltd), a global company in contact-free, continuous monitoring solutions across the healthcare continuum, announced that it has sold proprietary contact-free continuous monitoring technology to Hillrom. Under terms of the agreement, EarlySense will receive licensing for all intellectual property and technology sold to Hillrom for use outside the hospital, as well as a cash consideration of $30 million, potential payments based on the achievement of certain commercial milestones, and a portion of Hillrom’s equity investment in EarlySense.
Virtua Health Unveils New Tool to Make Accessing Care Easier for Patients in South Jersey
Virtua Health (@VirtuaHealth), South Jersey’s largest health system, has deployed Loyal’s Guide, an artificial intelligence (AI) healthcare chatbot and live chat solution, to improve patients’ online experience. In addition to handling appointment requests, billing questions and other triage functionalities for hospitals and health systems, Guide allows patients to type in a wide variety of questions they may have on Virtua Health’s website.
Biobeat Launches Health AI Hospital At Home Patient Monitoring Kit
Biobeat (@BiobeatT), a global company in continuous remote patient monitoring solutions for the healthcare continuum, has launched a new home-based remote patient monitoring kit. The solution allows healthcare providers to remotely monitor patients’ vital signs and receive updates and deterioration alerts, helping to alleviate hospital overload, reduce costs and improve patient care.
Bioclinica Announces Breakthrough AI Image Redaction Technology for Clinical Trials
Bioclinica (@bioclinica), an integrated solutions provider of clinical life science and technology expertise, announced a new product to support redaction of sensitive patient information from videos, photos, and PDFs in clinical trials. The addition of Image Redact AI to Bioclinica’s portfolio of specialty software solutions makes it the first and only company that can redact sensitive patient identifiers from videos in addition to photos and PDFs.
Viz.ai’s Viz RECRUIT Software Enables Faster Medical Research
Viz.ai (@viz_ai) has announced the launch of Viz RECRUIT, cutting edge software that uses artificial intelligence to accelerate clinical studies. Viz RECRUIT uses AI to automatically detect a suspected disease such as a brain hemorrhage, a tumor, or a cardiac structural abnormality, and uses that insight to ensure the right doctor is notified about the patient. This improves workflow and expedites enrollment in trials. Viz RECRUIT alerts research teams about potentially eligible trial patients across an entire health system and enables easy communication between clinical teams, research teams, principal investigators, and core labs to facilitate enrollment.
Greenlight Guru Launches Halo℠ For Change Management, World’s First AI & ML Recommendation Engine for Medical Device Quality
Greenlight Guru (@greenlightguru), a medical device quality management software (MDQMS) platform company, announced the launch of Halo℠ for Change Management, the world’s first AI and machine learning recommendation engine for medical device quality. This revolutionary product provides quality and product teams with recommendations of items impacted by a change order and the real-time visibility needed to discover, assess and manage the impact of a change. With the launch of Halo℠ for Change Management, medical device companies can stop reacting and start predicting.
Nuance Launches Omnichannel Patient Engagement Virtual Assistant Platform to Power Healthcare’s ‘Digital Front Door’
Nuance Communications, Inc. (@NuanceInc) launched an AI-powered patient engagement virtual assistant platform to transform voice and digital experiences across the patient journey. Combining decades of healthcare expertise with award-winning intelligent engagement technology trusted by 85 percent of the Fortune 100 companies worldwide, the advanced platform integrates and extends the capabilities of the electronic health record (EHR), customer relationship management (CRM), and Patient Access Center systems to enable healthcare provider organizations to modernize their ‘digital front door’ and improve clinical care.
COVID-19 Product News:
COVID-19 Weekly Insights from hc1
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