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
Anne Arundel Dermatology Adds Intelligent Scheduling Capabilities to Improve Patient Experience
Anne Arundel Dermatology (AADerm), a provider of medical, surgical, pathology, research and aesthetic dermatological services, announced that it will add new intelligent patient scheduling tools, expanding its existing partnership with Relatient, a patient scheduling platform.
InsightRX Unveils Apollo Gold, a Powerful New Tier of the Apollo Analytics Platform
InsightRX – which provides cloud-based precision medicine software to optimize treatment decisions – announced the immediate availability of a new, premium tier of the company’s Apollo analytics platform that provides comprehensive insights into clinical performance aimed at improving departmental treatment policies and protocols.
CLEW Expands Its Intelligent Clinical Surveillance Platform to All Inpatient Settings
CLEW, a clinical intelligence and predictive surveillance company, announced the general availability of its FDA-cleared, AI-driven, intelligent clinical surveillance platform. Built upon proprietary, machine-learning derived prediction models and rules-based best practices, the CLEW platform offers health systems an early identification of a patient’s risk of deterioration.
Technology is at the forefront of UHS Wilson Main Tower
When the Wilson Main Tower opens this spring, it will serve patients with a level of healthcare technology unprecedented in the Southern Tier. From the rooftop helipad to the bedside of each private room, beneficial technology will play a key role in the way UHS is revolutionizing care, service and the patient experience. Each private room will feature a system of digital displays called pCare.
Intuity Medical’s POGO Automatic®, the First and Only FDA-Cleared Automatic Blood Glucose Monitor, Now Covered by Medicare Part B
Intuity Medical, Inc., a medical technology company committed to making it easier to live with diabetes, announced that its POGO Automatic® Blood Glucose Monitoring (ABGM) system, featuring one-step testing, is now covered by Medicare Part B. This decision expands access to the innovative monitor for the 16.5 million seniors age 65 and up living with diabetes.
Klara Revolutionizes Patient Intake Processes for athenahealth Users, Saving Time and Enhancing Healthcare Efficiency
Klara®, a leader in patient communication and engagement, is proud to introduce its patient intake product, designed exclusively for athenahealth users to streamline and modernize the patient intake process.
Verantos launches Inflammatory Bowel Disease Pragmatic Registry
Verantos, the global leader in high-validity real-world evidence at scale, announced the launch of its Inflammatory Bowel Disease Pragmatic Registry, which provides rich and reliable data on ulcerative colitis and Crohn’s disease patients, including specific subgroups to life sciences organizations.
OM1 Launches Three New Products Powered by Patented AI Platform to Expedite Delivery of Personalized Medicine
OM1 introduces three new products: OM1 Orion, OM1 Lyra, and OM1 Polaris powered by PhenOMTM – an artificial intelligence-powered digital phenotyping platform for personalized medicine and clinical research. OM1 is the leader in providing Real-World Evidence (RWE) insights from bench to bedside, leveraging advanced predictive and generative AI platforms coupled with deep clinical data to empower healthcare stakeholders.
symplr Recognizes Nursing Excellence with Launch of Workforce Management “DAISY” Mobile Feature
symplr®, a provider of enterprise healthcare operations software that has been supporting the nursing profession through technology innovations for 30+ years, is launching a new symplr Workforce mobile app feature to enable healthcare professionals to easily nominate nurses for a DAISY Award, an international program honoring extraordinary nursing care.
Omnicell Supports Global Charity Mercy Ships with Pharmacy Technology Donation
Omnicell, Inc., a company transforming the pharmacy care delivery model, announced continued support for the global charity Mercy Ships with the donation of solutions from the recently announced XT Amplify program.
Together by Renee Launches Innovative Find My Meds Feature to Ensure Continuous Access to Essential GLP-1 and Other Medications
Together by Renee, an AI-based health assistant, announced the launch of a groundbreaking new feature in its platform: Find My Meds. This innovative feature is designed to tackle the widespread issue of GLP-1 medication shortages, which affects millions of users nationwide who rely on these drugs for managing diabetes and weight loss.
Telehealth Product News
Smart Meter Introduces World’s First Cellular-Enabled Glucose Meter with Notifications and Multi-Language Capabilities
Smart Meter, a supplier of Cellular Remote Patient Monitoring (RPM)
solutions, has introduced a new version of the iGlucose, its patented cellular-connected glucose meter used by over 200,000 people with diabetes since 2019.
AvaSure and Equum Medical to Showcase Comprehensive Virtual Care Solutions at ATA Nexus 2024
AvaSure, a provider of acute virtual care, and Equum Medical, a provider of telehealth-enabled clinical services, will showcase a proven virtual care model that alleviates clinician shortages and is delivering value to healthcare ecosystems at the American Telemedicine Association (ATA) Nexus 2024 event from May 5 to 7 in Phoenix.
ThinkAndor, an AI-first platform, transforms emergency care at the Medical University of South Carolina
Andor Health, an AI-first company reimagining virtual care, announces a groundbreaking initiative aimed at transforming the patient experience in MUSC Health emergency departments. The program uses artificial intelligence (AI)-powered ThinkAndor® to reduce wait times and enhance the quality of care for patients.
AI Product News
GE HealthCare Introduces AI-Enhanced Voluson Signature 20 and 18 Ultrasound Systems to Advance Women’s Health Imaging
GE HealthCare announced the launch of the Voluson Signature 20 and 18 ultrasound systems, which comprehensively integrate artificial intelligence, advanced tools and an ergonomic design to speed exam time for clinicians while delivering a clearer picture of various conditions impacting women’s health. These latest systems combine high-performance hardware with flexible scalable software to help increase clinicians’ confidence in their diagnostic and treatment determinations.
Cured by Innovaccer Launches AI-Powered Healthcare Experience Platform (HXP) to Fuel Holistic Consumer Experience
Cured by Innovaccer Inc., announces the launch of the Healthcare Experience Platform (HXP)—a comprehensive solution powered by AI to ignite patient engagement and revenue growth. The announcement comes on the back of Innovaccer’s acquisition of Cured with the goal of collaborating to accelerate innovation for patient experiences and outcomes.
HubStar Launches AI-Powered Space Management Technology to Transform Healthcare Capacity Optimization and Planning
With capacity management becoming increasingly important for healthcare providers, HubStar – an advanced workplace technology company – has introduced new AI-powered space management features which accurately measure and optimize hospital capacity.
Wolters Kluwer Introduces Regulatory Audit Module to Improve Risk Adjustment Audit Validation Rates Using AI
Health plans are under greater scrutiny, navigating an increasingly complex regulatory environment. The Centers for Medicare and Medicaid Services estimates $4.7 billion will be recovered from Risk Adjustment Data Validation audits, including extrapolation, from 2023 through 2032. To help mitigate this risk, Wolters Kluwer Health has introduced the Regulatory Audit Module as part of its Risk Adjustment solution.
FDA Clears First AI to Aid Heart Failure Detection During Routine Check-ups
Eko Health, a pioneer in applying artificial intelligence (AI) for early detection of heart and lung diseases, announces FDA clearance for its Low EF detection AI. For the first time, U.S. healthcare providers can now detect Low EF, a key heart failure indicator, in 15 seconds using an Eko stethoscope during a routine physical examination. This leap in early detection marks both a significant medical innovation and a new era in the detection of cardiovascular disease.
TrueRx: AI-Powered Monitoring and Alert System Is the Industry’s First Prescription for Fraud
DrFirst’s new prescription monitoring solution – TrueRx – will give the nation’s pharmacies their first-ever standardized alert system to protect against prescriber identity and prescription fraud. Backed by AI-enabled digital fingerprint technology, the health tech pioneer’s latest, patent-pending innovation shores up a longstanding point of vulnerability: the risk of a prescriber’s identity information being used by bad actors to gain access to medical credentials and commit prescription fraud. There has been no system to aid pharmacists who receive fraudulent prescriptions.
Nextech Demos Patient Journey Innovations with Artificial Intelligence for Specialty Practices
Nextech, a comprehensive technology solutions company for specialty physician practices, unveiled multiple transformative artificial intelligence solutions in its software. CEO Bill Lucchini demonstrated the technologies during his keynote session delivered at the kickoff of Nextech’s 10th annual EDGE user conference in Las Vegas, Nevada.
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