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.
Product Announcements from HIMSS
NCH’s Success Story at HIMSS24: Patient-Centric Alerts Boost Physician Experience, Patient Safety, and Leapfrog CPOE Test Results
FDB (First Databank, Inc.), a provider of drug knowledge that helps healthcare professionals make precise decisions, announces the success of its collaboration with NCH (Naples Comprehensive Health) in Southwest Florida. NCH has leveraged FDB solutions to optimize medication decision support, making alerts more meaningful and relevant to clinicians while significantly reducing overall alert volume.
TeleVox Introduces New Platform for Physician Offices to Ease Scheduling Burden and Reduce No-Shows
TeleVox, a provider of omnichannel patient relationship management platforms, is helping physicians keep their schedules filled and patients happy with the introduction of Practice Edition. TeleVox Practice Edition offers a suite of services designed specifically to help physicians and their staff overcome common industry challenges, including inefficient scheduling processes, poor communication, low retention, and reputation management.
Linus Health Unveils Two New Evidence-Based, Digital Cognitive Screening Additions to its Comprehensive Brain Health Platform
Linus Health, a digital health company focused on enabling early detection of Alzheimer’s and other dementias, announced the expansion of its innovative, evidence-based suite of cognitive health assessments with the Hearing Screener and the Digital Trail Making Test Part B (dTMT).
Wolters Kluwer redefines Clinical Decision Support for tomorrow’s healthcare
Wolters Kluwer Health unveiled the next generation of clinical decision support (CDS) solutions, bringing together point-of-care decision support, workflow optimization, and patient-centered care resources into unified, interoperable user experiences.
Velatura Announces Revolutionary Pilot Project with DocuSign to Streamline Patient Consent, Improve Efficiency
Velatura, one of the nation’s premier multi-jurisdictional health information exchanges (HIE) and health data utilities (HDU), and DocuSign, the industry-leader in electronic signature and agreement management solutions announced a modernization pilot project that will streamline the patient consent form capture process for protected health information (PHI).
CenTrak Unveils the Industry’s First BLE Multi-Mode Platform for RTLS
CenTrak, a provider of real-time location technology solutions, announces its latest breakthrough – the industry’s first scalable Bluetooth Low Energy (BLE) Multi-Mode Platform. This new Real-Time Location System (RTLS) solution, meticulously crafted to cater to the diverse needs of healthcare organizations, redefines industry standards by offering unparalleled location data capabilities and a cost-effective deployment model.
Virtual healthcare delivery platform hellocare announces Alexa Smart Properties Integration
Leading virtual healthcare delivery platform hellocare announced an integration with Alexa Smart Properties at the HIMSS 2024 healthcare conference in Orlando.
Clearwater Introduces IRM|Performance
to Power Cybersecurity Maturity and Resiliency
Clearwater, the largest pure-play provider of cybersecurity and compliance solutions for the healthcare industry, announced at HIMSS a new addition to its proprietary SaaS platform, IRM|ProÒ. The solution, IRM|Performance, is a force-multiplying component of Clearwater’s tech-enabled NIST CSF Maturity Assessment and equips healthcare executives with ongoing performance indicators, dashboards, and reporting related to their organization’s cybersecurity program performance.
Doceree launches Spark to Ignite a New Era in Patient-Provider Engagement with Advanced Tech for EHR Platforms
In a significant move to enhance provider messaging across Electronic Health Record (EHR), eRx, Telehealth, and other Point of Care (POC) platforms, Doceree has unveiled its revolutionary technology, Spark, at HIMSS 2024.
Virtual Healthcare Product News
Pager Launches Innovative APP-Free Engagement Solution
Pager Inc., a virtual care, navigation and collaboration platform serving 28 million members in the United States and Latin America, announced the release of an innovative app-free engagement solution.
Virtual healthcare delivery platform hellocare announces Alexa Smart Properties Integration at HIMSS 2024
Leading virtual healthcare delivery platform hellocare announced an integration with Alexa Smart Properties at the HIMSS 2024 healthcare conference in Orlando.
Panva Technology Revolutionizes Telemedicine with AI-Powered Clinical Note Assistance
In the fast-evolving landscape of healthcare, video-based telemedicine has emerged as a transformative force, enhancing patient experiences and expanding the reach of healthcare providers beyond traditional office settings. However, with the surge in telehealth visits, a pressing challenge has emerged: the efficient documentation of patient encounters. Addressing this concern, Panva Technology proudly announces the launch of its groundbreaking AI-powered clinical note assistance eMDNotes.
UTMHealthcare Partners with Somml Health to Enhance Chronic Disease Care with Launch of NuLink Health
UTMHealthcare, a mobile health technology company, announced the launch of NuLink Health in collaboration with virtual care platform Somml Health. NuLink Health partners with providers to improve the care of at-risk patients between office visits, creating operational and cost efficiencies for medical practices.
Health IT Product News
Orchid Wellness PLLC Enhances Operational Efficiency with eClinicalWorks EHR and healow Patient Engagement Solutions
eClinicalWorks®, the largest ambulatory cloud EHR, announced that Texas-based Orchid Wellness PLLC is experiencing practice-wide success in digital payments and online appointment bookings by leveraging eClinicalWorks EHR, healow® Open Access®, and healow Text2Pay. Together, these solutions will further streamline operations and improve satisfaction through a simplified patient experience.
Carrolton Facility Management Achieves Efficiencies with Corcentric’s Managed Accounts Payable and Payments Solutions
Corcentric, a global provider of best-in-class procurement and finance solutions, announced that Carrolton Facility Management, a customer in the healthcare space, has seen substantial business benefits after the deployment of Corcentric’s Managed Accounts Payable (AP) and Managed Payments solutions.
Rivet Launches Rivet Benchmark to Provide X-Ray Vision into Competitors’ Payer Rates
Rivet, a financial diagnostic and revenue acceleration platform for healthcare, announced the launch of Rivet Benchmark, a new innovation that gives provider organizations insight into exactly where their payer rates stand compared to competitors.
Harris Data Integrity Solutions Launches Rapid MPI Cleanup Tool for Fast, Accurate Eradication of Duplicate Patient Records
Harris Data Integrity Solutions, a provider of best-in-class patient data integrity services and software, has responded to growing demand for faster and more affordable duplicate record cleanup with the launch of its latest innovation, Intelligent MPI Triage Solution.
Lyric to Offer Innovative, Real-time Medicare Coordination of Benefits Capabilities as part of its Pre-Pay Payment Accuracy Solutions
Lyric, a company in technology-first payment accuracy solutions, announced a new, real-time Medicare Coordination of Benefits (COB) solution as a result of a strategic partnership with Strout (formerly The Strout Company), the market leaders in Medicare COB.
Lindus Health Launches “All-In-One Metabolic CRO” Offering to Accelerate and Enhance Metabolic Clinical Trials
Lindus Health, an “anti-CRO” running radically faster, more reliable clinical trials for life science pioneers, has launched an all-in-one package of contract research organization (CRO) services, site services and clinical trial technology to support research within the metabolic space.
TrustCommerce® Adds PayPal and Venmo to Give Healthcare Providers Greater Payment Choice for Patients
TrustCommerce, a Sphere company and a provider of end-to-end integrated healthcare payments and security software, announced that it is adding PayPal and Venmo, in the U.S., to its healthcare-focused payments platform, enabling providers to offer patients additional flexibility and modern payment options.
Open Call to Cerner Health Systems: End-to-End Cerner Integrations Now Available with Ambience Healthcare
Ambience Healthcare, the most comprehensive AI operating system for healthcare organizations, has announced a full integration with Oracle’s Cerner Millennium Electronic Health Record (EHR).
WellSpan Health Advances Its Leadership in Delivering Exceptional Provider and Patient Experience with Nuance DAX Copilot
Nuance Communications, Inc., a Microsoft Company, announced that WellSpan Health is advancing its leadership in providing high-quality provider and patient experiences by adding the Nuance Dragon® Ambient eXperience (DAX) Copilot solution to its existing deployment of innovative solutions to automate and accelerate the creation of clinical documentation during exam room and telehealth visits.
emtelligent® unveils new emtelliPro+® AI assistant for healthcare applications
emtelligent, a company in the development of clinical-grade natural language processing (NLP) software, announced the availability of emtelliPro+, an advanced medical AI platform that uses emtelligent’s large language model (LLM) to give healthcare professionals the tool they need to quickly and easily access relevant patient data and make safe and accurate determinations in even the most complex use cases.
FDB Adds CDS Hooks Specification to Its Targeted Medication Warnings Solution
FDB (First Databank, Inc.), a provider of drug knowledge that helps healthcare professionals make precise decisions, announced that its FDB Targeted Medication Warnings solution, which is part of the FDB PatientFirst suite of clinical decision support (CDS) solutions, can now be integrated using CDS Hooks*.
Revolutionary Medical AI Scribe, Sunoh.ai, Available on iOS and Android Smartphones and iPads for Any EHR User
Sunoh.ai, an EHR-agnostic, AI-powered ambient listening technology, announced the release of the Sunoh.ai apps on iOS and Android smartphones and iPads.
New AvalonSelect Genetic Network Offers Health Plans Control, Quality, and Savings in Genetic Testing
Health plans overwhelmed by the explosive growth in genetic testing can now manage the tests that ensure quality, decrease costs, and reduce administrative burden. AvalonSelect Genetic Network from Avalon Healthcare Solutions, the world’s first lab insights company, is a carefully curated group of genetic testing labs paired with expert consultative services.
AI Product News
Azalea Health Unveils Artificial Intelligence Strategy to Enhance Healthcare Workflows
Azalea Health, a provider of fully-integrated cloud-based healthcare IT solutions and services, announced its revolutionary approach to artificial intelligence (AI) designed to enhance the efficiency, accuracy, and personalization of healthcare workflows while maintaining the highest standards for patient privacy and data protection.
Ontrak Health Sets New Standard in Behavioral Health Care with Implementation of ReQoL Assessment in the US
Ontrak Health, an AI-powered and telehealth-enabled healthcare company, has achieved a new milestone by introducing the Recovering Quality of Life Assessment (ReQoL) into its cutting-edge WholeHealth+ Product and Solutions Suite. This strategic advancement developed by the Oxford University Innovation Lab underscores Ontrak Health’s commitment to transforming mental health care through continuous improvement, reinforcing its position as a leader in personalized and effective evidence-based solutions for mental health.
ImagineSoftware and Maverick Medical AI Team up to Offer an AI-powered, Fully Automated Medical Coding Solution
Maverick Medical AI, or Maverick, a provider of an innovative and autonomous AI-powered medical coding platform, partners with ImagineSoftware, a provider of revenue cycle management (RCM) technology in the U.S. Through the partnership, ImagineSoftware will integrate Maverick’s AI-powered Autonomous Medical Coding Platform as a solution for customers to scale their operations and achieve a higher direct-to-bill rate.
DeepScribe Launches New and Innovative Trust and Safety Suite for its Ambient AI Technology
DeepScribe, an AI-powered medical documentation solutions company, announced its new Trust and Safety Suite. The innovative features in DeepScribe’s latest addition to its ambient AI technology reflect the company’s initiative to set industry standards for AI in healthcare in safety, transparency, and ethics, and ensure that AI advancements are as trustworthy as they are revolutionary.
Aidéo Technologies and MedEvolve, Inc. Announce Partnership to Bring AI-Powered Coding and Revenue Cycle Workflow Automation to Healthcare Organizations
Aidéo Technologies, a provider of AI-powered medical coding workflow productivity tools, and MedEvolve, a provider of data-driven solutions that provide effective intelligence, automation, and accountability for healthcare organizations, announced a partnership to integrate Aidéo’s Gemini Coder Platform and Gemini AutoCode solutions with MedEvolve’s award-winning Effective Intelligence suite of solutions.
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