Allied Market Research reports that the global healthcare information technology (IT) market size was valued at $250,577.15 million in 2020, and is projected to reach $880,688.75 million by 2030, registering a CAGR of 13.3% from 2021 to 2030.
Data Bridge Market Research reports the market drivers and growth can be attributed 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.
Health IT Product News
Grow Therapy Launches AI-assisted Clinical Tools to Enhance Client and Provider Experience
Grow Therapy, a mental health technology company, announced two new AI-assisted products to help therapists be more present during sessions and give clients clear visit summaries, an expansion of its suite of care-enhancing products.
Verato Unveils the Next Generation of Master Data Management
Verato®, the identity intelligence experts, announced it has launched Verato MDM CloudTM, the next-generation of master data management that delivers a complete and trusted 360-degree view of people, organizations and networks across complex ecosystems.
PointClickCare and MassHealth Launch of a Behavioral Health Treatment and Referral Platform
PointClickCare, a healthcare technology platform enabling meaningful care collaboration and real-time patient insights, and MassHealth announced the launch of a new Behavioral Health Treatment and Referral Platform which will be used across the Commonwealth of Massachusetts.
Philips accelerates precise imaging with unique AI technologies in MRI to improve patient outcomes
Royal Philips, a global provider of health technology, strengthens its MRI leadership with the launch of SmartSpeed Precise, powered by Dual-AI engines.
CliniComp Introduces Intrinsic AI™: Revolutionizing Healthcare IT with Native, Clinician-Designed Artificial Intelligence
CliniComp, a provider of high-performing, reliable electronic health record (EHR) solutions, announced Intrinsic AI™, a transformative native AI capability built into its innovative System as a Service electronic health record (EHR) Solution Suite.
Rune Labs Launches AI and Personalized Coaching Care Management Service for Parkinson’s Disease
Rune Labs, a provider of precision medicine for Parkinson’s Disease (PD), launched StrivePD Guardian, a personalized care service that combines expert coaching with AI-powered symptom and risk analysis to provide continuous support for people with Parkinson’s disease and their caregivers.
Hallmark Unveils Next Generation Heisenberg II Platform, Redefining Provider Compensation Management
Hallmark, a healthcare workforce management technology company, is once again setting the standard for provider compensation technology with the introduction of its next-generation Heisenberg II platform. Built on decades of expertise, billions in managed compensation, and insights from thousands of provider contracts nationwide, the reimagined platform represents a monumental leap forward—delivering a future-ready evolution that empowers provider groups with intelligent self-service capabilities, groundbreaking interoperability, and unparalleled flexibility in designing and optimizing compensation structures.
Telehealth Product News
Vitalacy Launches AI Virtual Care Solution for Enhanced Patient Safety and Remote Monitoring
Vitalacy, Inc., a provider of patient safety technology, is proud to announce the launch of its AI-driven Virtual Care solution, designed to enhance patient safety, reduce hospital falls, and optimize hospital efficiency through 24/7 AI-powered remote monitoring.
Teladoc Health Connects Digital & Community Providers to Deliver Next Generation of Virtually Integrated Care
Teladoc Health, the global leader in virtual care, announced new capabilities to its purpose-built, proprietary care delivery platform, called Prism, that will strengthen its ability to coordinate care with digital health partners and community care providers. New benefits to clinicians and patients include advanced referrals to Teladoc Health’s digital and in-person care partners, while also increasing the value of each virtual care visit, using data insights to support clinicians in closing care gaps and improving population health for sponsoring employers and health plans.
AI Product News
Innovaccer Launches ‘Agents of Care™’ to Transform Healthcare Operations, Enhance Care Delivery
Innovaccer Inc., a Healthcare AI company, announced the launch of its “Agents of Careᵀᴹ”—a suite of pre-trained AI Agents designed to automate repetitive, low-value tasks and handle rising workloads due to staff shortage. Unveiled at the company’s annual customer conference, Xccelerate 2025, the launch aligns with Innovaccer’s vision to help organizations to advance health outcomes.
Validic Launches Generative AI-Powered Insights for Remote Patient Monitoring
Validic, a healthcare technology innovation company, announces the launch of its patent-pending solution, a cutting-edge digital remote patient monitoring (RPM) assistant that harnesses the power of Generative AI (GenAI) to analyze and summarize patient data trends. This first-of-its-kind feature is a new addition to Validic Impact™, the award-winning, EHR-integrated RPM solution. This capability helps healthcare providers quickly gain a more complete understanding of their patients’ health with ease.
Meet ‘Ruth’ by The Parasol Cooperative: The World’s First Trauma-Informed, AI-powered Chatbot Revolutionizing Support for Victims of Domestic Violence, Human Trafficking, and Digital Exploitation
The Parasol Cooperative (Parasol) introduces Ruth, the world’s first trauma-informed, AI-powered chatbot revolutionizing support for victims of domestic violence, human trafficking, and digital exploitation. While preserving user privacy for those seeking help, the chatbot provides safe access to resources and support. Ruth is designed to address abuse incidents, especially tech-facilitated, and ensure both physical and online safety by providing trauma-informed support, practical guidance, and contacts for further assistance. For example, she can assist parents in discussing online safety with their children, provide guidance to those facing issues like deepfakes, sextortion, or revenge porn, support abuse survivors, and help all users navigate their challenges with confidence and security.
First-of-its-Kind Healthcare Payer Solution Doczy.ai™ from AArete Combines Provider Contract Expertise with AI to Improve Operations
AArete, a global management and technology consulting firm, officially launched the AI version of Doczy™, branded as Doczy.ai™, an intelligent Al contract interpretation solution that streamlines processes by using state-of-the-art AI technology to digitize and analyze complex provider contracts. By providing expanded data visibility, Doczy.ai™ paves the way for unprecedented, scalable operational efficiencies for healthcare payers.
Evergen Launches AI-powered Bone Graft Image Processing Software Developed in Partnership with University of Florida
Evergen, a CDMO pushing the boundaries of innovation and tissue engineering to meet patient needs in regenerative medicine, announces the launch of new AI-powered image processing software to advance the analysis of CT bone graft scans.
RapidAI Secures FDA 510(k) Clearance for Groundbreaking AI 3D Head and Neck CTA Imaging: Lumina 3D™
RapidAI, the global leader in AI-driven medical imaging analysis and coordinated care, has received FDA 510(k) clearance for Lumina 3D™ by RapidAI—an industry-first, automated 3D imaging reconstruction solution designed to replace manual workflows with an AI-powered approach based on the latest groundbreaking AI technology advances.
Sonio Unveils Transformative AI-Powered Voice Solution to Revolutionize Ultrasound Workflows
Sonio, a global company in AI-driven MedTech innovation for women’s and children’s health, announces the launch of Sonio Voice, a cutting-edge voice-recognition solution that redefines OB-GYN ultrasound reporting. Building on Sonio’s expertise in leveraging the latest advancements in artificial intelligence, Sonio Voice seamlessly integrates with the company’s flagship Ultrasound reporting platform.
