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
ABILITY Neurotech Announces First-In-Human Testing for Novel Brain-Computer Interface Technology
ABILITY Neurotech, a clinical-stage brain-computer interface (BCI) company developing a neural data platform to restore communication, movement, agency and independence for individuals with severe neurological impairment, announced the first-in-human procedure for its BCI technology. Conducted at the Department for Neurosurgery at the Technical University of Munich (TUM) University Hospital Rechts der Isar, the procedure marks the first real-world validation of ABILITY’s neural signal acquisition in a live surgical setting.
IKS Health Implements Scribble Select, an Ambient Scribe Interface, at Western Washington Medical Group
IKS Health, a global leader in care enablement solutions supporting clinical, administrative, and financial efficiencies across the patient journey, announced the launch of Scribble Select, a new way to give clinicians the choice to match the right level of AI and human support for each visit’s clinical documentation without changing workflows or switching platforms. Scribble Select is implemented at Western Washington Medical Group (WWMG), a leading independent multispecialty healthcare organization in Washington state.
HHAeXchange Launches CarePay, a Built-In Homecare Payroll Solution
HHAeXchange, a homecare management solution for providers, caregivers, managed care organizations (MCOs), and state Medicaid programs, launched CarePay, a full-service payroll solution built into the platform agencies already use to manage care. CarePay calculates pay directly from completed visit data, connecting EVV-approved hours, tax filings, and a caregiver mobile app in a single system.
Nabla Launches Medical-Grade Dictation Product Built for Apple Devices
Nabla, one of the most widely adopted AI assistants in clinical care, announced the first fully on-device clinical dictation app, Nabla Dictation for Mac, designed natively for macOS. By combining on-device speech recognition with deep Epic integration, the solution represents the next step in Nabla’s vision for a more seamless, voice-driven future that extends AI beyond the patient encounter and enables clinicians to spend more time focused on their patients.
Telehealth Product News
ThinkAndor® Remote Patient Monitoring Now Available in Epic Toolbox, Enabling CMS ACCESS Participation
Andor Health, the AI company reimagining virtual care through AI-native clinical services for healthcare, announces that ThinkAndor® Remote Patient Monitoring (RPM) is now available in Epic Toolbox. ThinkAndor® received Epic Toolbox designation for the Remote Patient Monitoring category and helps health systems expand virtual care, population health, and patient access initiatives through a comprehensive AI-native remote patient monitoring service. Psynergy Health, an Andor Health Ventures company and a certified CMS ACCESS clinic, relies on ThinkAndor® as the enabling foundation for its ACCESS clinic under the CMS Innovation Center’s ACCESS Model, Medicare’s nationwide approach to technology-supported chronic care. For an organization already on Epic, ThinkAndor® is a practical path to partner with an ACCESS participant inside the record clinicians already use.
MurjⓇ Announces Remote Patient Monitoring (RPM) Solution for Cardiovascular Teams
Murj®, a cardiac device management software and services company, announced the release of the Murj Remote Patient Monitoring Platform (RPM), a remote physiologic monitoring software platform for cardiovascular care teams managing hypertension and heart failure patients between visits. The platform brings data from supported remote blood pressure and weight monitoring devices, including heart-rate readings, into one exception-based, EHR-integrated workflow so clinics can prioritize patients who need attention, review longitudinal trends, document care activity, and track billing readiness.
AI Product News
Aiva Leverages ChatGPT for Healthcare, Claude for Healthcare and Gemini Enterprise to Control 40+ Hospital IT Systems
Aiva Health, the leader in voice-powered agents for hospitals, announced a major update to its AI nursing assistant. Health systems can now use ChatGPT for Healthcare, Claude for Healthcare and Gemini Enterprise as a single voice interface to the tools their clinicians use every day, such as tasks including documentation, work orders, policies and procedures and Smart Patient Room requests.
FDB Moves Ambient Listening Beyond Notes with AI-Powered Prescribing Agent
FDB (First Databank, Inc.), a provider of clinically robust, AI-enabled medication intelligence that helps healthcare professionals make precise medication decisions and streamline medication workflows, announced the first commercial deployment of FDB Script Agent™, an AI prescribing agent that turns patient-visit dialogue into structured prescriptions ready for clinician review. The deployment with Tebra, an all-in-one technology platform for independent healthcare practices, brings FDB’s trusted medication intelligence into the ambient clinical workflow with clinical validation and terminology codification rather than simple NLP.
Penguin Ai Launches Utilization Management and HCC Risk Adjustment Solutions in AWS Marketplace
Penguin Ai, a healthcare-native artificial intelligence company, announced that its Utilization Management and HCC Risk Adjustment solutions are now available in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).
PointClickCare Launches Vox Advantage, The First Ambient AI Solution Natively Built for the Industry’s Leading Senior Care EHR
PointClickCare, a health tech company helping providers deliver exceptional care, announced the limited availability launch of Vox Advantage, the first AI-powered, voice-enabled documentation solution built natively into the industry’s most widely-used Senior Care EHR. Designed specifically for the unique complexities of post-acute and senior living care settings, Vox Advantage captures care interactions via an Apple or Android mobile app, and automatically converts them into clinical documentation within the PointClickCare platform.
Rhapsody Brings AI-Powered Payer Interoperability Suite to Connection Hub on Epic Showroom
Rhapsody, a global leader in infrastructure for agent-ready interoperability, announced the availability of its Rhapsody Payer Interoperability Suite in the Connection Hub on Epic Showroom. Purpose-built for organizations using Tapestry UM/CM, Claims, and the Epic Payer Platform, the Suite combines pre-configured payer interoperability workflows with Rhapsody Axon, the company’s AI-powered integration agent.
WellSky® Introduces New Capabilities That Combine AI-Powered Patient Summarization With Visibility Beyond Discharge
WellSky, a health and community care technology and services company, announced CareBrief and Patient Visibility Pro, two new capabilities within WellSky CarePort® care transition solutions to help hospitals and health systems navigate one of healthcare’s ongoing challenges: making timely, informed decisions while maintaining continuity of care beyond discharge.
