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
CipherHealth Announces CipherConnect: Conversational Engagement Solution that Leverages Patient Data to Personalize Engagement and Keep Patients in Network
CipherHealth (@cipherhealth), an innovator in patient-centered communications, engagement, and insights for the nation’s healthcare systems, announced CipherConnect, a new conversational engagement solution that automates the many manual scheduling, intake, and virtual waiting room tasks that consume precious frontline resources.
FDB Announces that New FDB Vela™ ePrescribing Network is Open to the Veterinary Industry
FDB (@FDB_US), a provider of drug knowledge that helps healthcare professionals make precise decisions, announced that FDB Vela™, FDB’s new, cloud-native electronic prescribing (ePrescribing) network serving the entire healthcare continuum, will for the first time bring the benefits enjoyed by participants in the human ePrescribing system – namely time savings, cost optimization and user satisfaction – to the veterinary industry.
HGS Healthcare introduces HGS Aging in Place™ and Falls Prevention, two holistic, clinically evidenced, and technology-led supports for seniors living longer at home
HGS Healthcare (@hgs_healthcare) announced the introduction of HGS Aging in Place™ and Falls Prevention solutions, two specialized, end-to-end program and service platforms that enable individuals to age on their own terms in their own homes by leveraging a proprietary frailty assessment and by deploying individualized interventions to address frailty, cognitive decline, loneliness, activities of daily living (ADLs), home and transportation issues, and coordination of healthcare needs.
IMAT Solutions Launches New Value-Based Products and Services for Payers, States and HIEs
IMAT Solutions (@IMATSolutions), delivering innovative, real-time, healthcare data management and population health reporting solutions, announced that it has launched a new offering that addresses the collection, aggregation, distribution and reporting of healthcare data.
Omnicell Unveils Innovative IVX Station Robotic Compounding Technology in Winter 2022 Release
Omnicell, Inc. (@Omnicell), a provider of medication management and adherence tools for health systems and pharmacies, announced the launch of IVX Station. This innovative solution is designed to scale the benefits of leveraging IV robotic technology, making it accessible to the mainstream market.
SkyPoint Cloud Launches New Privacy and Data Lakehouse Solutions
SkyPoint Cloud (@skypointcloud), the privacy-first customer data and artificial intelligence (AI) platform that enables consumer, financial services and healthcare brands to build deeper relationships with their customers, announced new products that allow companies to build trust, while developing a better understanding of its customer base.
Azalea Health Launches Azalea Apps Marketplace to Improve Patient Care & Profitability
Azalea Health Innovations Inc. (@AzaleaHealth), a provider of cloud-based patient management and health IT solutions, launched Azalea Apps Marketplace, a one-stop app library of approved third-party vendors that are integrated with Azalea Health.
Telemedicine
Let’s Talk Interactive Achieves HIPAA Compliance with Compliancy Group
Let’s Talk Interactive, Inc.,(@LetsTalkInter) a provider of customizable telehealth solutions, is pleased to announce that it has achieved compliance with the federally mandated standards of the Health Insurance Portability and Accountability Act (HIPAA) through the use of Compliancy Group’s proprietary methodology and its The Guard® HIPAA compliance tracking software, and has received the HIPAA Seal of Compliance®.
AI
Companies In The Artificial Intelligence In Healthcare Market Are Introducing AI-Powered Surgical Robots To Improve Precision
According to The Business Research Company’s research report on the artificial intelligence in healthcare market, AI-driven surgical robots are gaining prominence among the artificial intelligence in healthcare market trends. Various healthcare fields have adopted robotic surgery in recent times. Robot-assisted surgeries are performed to remove limitations during minimally invasive surgical procedures and to improve surgeons’ capabilities during open surgeries. AI is widely being applied in surgical robots and is also used with machine vision to analyze scans and detect complex cases. While performing surgeries in delicate areas of the human body, robotic surgeries are more effective than manually performed surgeries. To meet healthcare needs, many technology companies are providing innovative robotic solutions.
Study Demonstrates that Cardiologs’ AI Dramatically Reduces Inconclusive Apple Watch ECGs
Cardiologs (@CardioLogs), a global company in artificial intelligence (AI) cardiology diagnostics, announced the results of a new clinical study that showed Cardiologs’ deep learning AI dramatically reduces inconclusive results returned by the latest Apple Watch ECG companion app (Apple ECG 2.0) while maintaining performance (sensitivity and specificity).
COVID-19
Bolstered By Investment, Pictor Partners with Mobility Health to Offer PictArray™ SARS-CoV-2 Antibody Test, Indicating Whether Patients Require COVID-19 Booster
Following a new investment of $6.1 million (NZD $8.8 million), biotech company Pictor (@LtdPictor) announced a partnership with U.S. laboratory service provider Mobility Health, launching a new antibody test as an important advance in COVID-19 monitoring and treatment.
FDA Medical Devices
Approved in March 2022
The FDA regulates medical devices sold in the United States to assure their safety and effectiveness. Medical devices range from simple tongue depressors and hospital gowns to complex programmable pacemakers and robotic surgical systems. Their Medical Device Product Classification database lists over 6,000 types of medical devices regulated by FDA’s Center for Medical Devices and Radiological Health (CDRH) and the classification assigned to each type. Depending on the device classification, along with other factors, federal regulations (such as the Code of Federal Regulations, Title 21) define requirements that must be fulfilled for CDRH to approve or clear devices sold in the United States.
Here are the recently approved devices from March.