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:
AVIA Releases Free Resource to Accelerate Digital Health Legal Contracting
AVIA (@HealthAVIA), a digital transformation partner for healthcare organizations, released a free resource to accelerate digital health solution legal contracting processes. Legal contracting is often a barrier to quickly implementing these solutions. Siloed departments with varied requirements and vetting processes get in the way of efficient procurement between hospitals and health systems and digital health solution companies.
Phynd Announces Provider Data Connect for Epic App Orchard
Phynd Technologies, Inc. (@PhyndTech), a provider of data management and provider search solutions, announced the release of Phynd Provider Data Connect, available immediately in the App Orchard. Provider Data Connect lets clients effortlessly enroll new providers using Phynd, in real-time, into their Epic provider data base.
Cerner Simplifies Ordering and Monitoring of Digital Health Solutions
Cerner Corporation (@Cerner) announced it’s building on the recent collaboration with Xealth to offer health systems new centralized digital ordering and monitoring for clients. These capabilities are designed to help health systems choose, manage and deploy digital tools and applications while offering clinicians access to remote monitoring and more direct engagement with patients. Phoenix-based Banner Health, one of the country’s largest nonprofit hospital systems, is one of the first Cerner clients to use the new capabilities to benefit its clinicians and patients.
Telemedicine Product News:
Conversion Labs Launches Veritas MD™ Telehealth Platform, Delivering Greater Access to Growing Portfolio of Industry-Leading, Direct-to-Consumer Pharmacy and Wellness Brands
Conversion Labs, Inc., a direct-to-consumer telemedicine and wellness company, has officially launched its new Veritas MD telehealth platform, opening the door to greater market expansion with a growing portfolio of industry leading, direct-to-consumer pharmacy and wellness brands.
AI Product News:
Biofourmis Announces National Rollout of the Biovitals® Hospital@Home™ Platform to Help Deliver Hospital-Level Care in the Home Aligned with New CMS Program
Biofourmis (@biofourmis), a Boston-based global company in digital therapeutics and virtual care that powers personalized predictive care, announces the national rollout of Biovitals® Hospital@HomeTM—an artificial intelligence-based, turnkey technology platform that enables hospitals and health systems to quickly deploy a “hospital at home” program.
Canon Medical Offers AI-Powered Stroke Triage With Automation Platform AUTOStroke Solution for CT
With stroke, the key to improving outcomes is speed. However, busy facilities don’t always have the luxury of knowing when an immediate intervention is needed. To help clinicians identify and triage stroke as quickly as possible, Canon Medical Systems USA, Inc. (@CanonMedicalUS) is launching Automation Platform AUTOStroke, an artificial intelligence (AI)-powered deep-learning clinical workflow automation solution for CT. AUTOStroke integrates a comprehensive set of applications that automatically delivers accurate and fast clinical insights to emergency and stroke teams.
GE Healthcare Expands AI, Digital and Imaging Solutions at #RSNA2020, Helping Shape Future of Healthcare in the COVID Era
GE Healthcare (@GEHealthcare) unveiled a slate of new intelligently efficient solutions to help clinicians solve today’s two-part challenge of delivering high quality care while managing greater capacity and workflow issues, exacerbated by the impact of COVID-19. Building on continuing investments in innovation and digital health momentum, GE Healthcare is expanding its AI offerings and Edison ecosystem, and also introducing breakthrough imaging innovations that will help shape the future of healthcare.
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 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.
Google Cloud: Healthcare Gets More Productive with New Industry-Specific AI Tools
Google Cloud (@googlecloud) is launching in public preview a suite of fully-managed AI tools designed to help with these challenges: Healthcare Natural Language API and AutoML Entity Extraction for Healthcare. These tools assist healthcare professionals with the review and analysis of medical documents in a repeatable, scalable way. The hope is that this technology will help reduce workforce burnout and increase healthcare productivity, both in the back-office and in clinical practice.
COVID-19 Product News:
First Databank Updates COVID-19 Medical Supply Guide with More Than 1,300 of the Latest Products to Help in Fight Against Pandemic
First Databank, Inc. (@FDB_US), a provider of drug and medical device knowledge that helps healthcare professionals make precise decisions, announced it is updating its COVID-19 Medical Supply Guide to feature new products that have become available, including SARS-CoV-2 test kits, personal protective equipment (PPE) and disinfectants. More than 1,300 new products across these categories have been added to the FDB COVID-19 Medical Supply Guide, which is available free of charge to healthcare providers.
This DIY contact tracing app helps people exposed to COVID-19 remember who they met
The Conversations reports on CogTracer, a free online tool to help people start tracing those contacts using best-practice interviewing methods. With DIY contact tracing, the timetable changes. For example, while you’re waiting for your test, you can be given the link to the website and start walking yourself through a contact tracing interview.