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
EDETEK Launches CONFORM™ – ONCO+, a Therapeutic Area-Specific Accelerator for the CONFORM™ Platform
EDETEK Inc., a global provider of digital clinical platforms and services for the biopharma, devices, and diagnostics industries, is thrilled to announce the launch of CONFORM™ – ONCO+, a therapeutic area-specific accelerator designed for oncology protocols inclusive of Phase 1, 2, 3, or 4. Designed to significantly improve cancer clinical trial and data management, this accelerator significantly enhances performance and efficiency by leveraging the latest advancements in Artificial Intelligence (AI)-driven analytics and advanced data management techniques.
Newly Improved Analytics Maturity Assessment Model (AMAM) Centered on Patient Outcomes to Improve AI Strategy, Data Governance, Analytics
HIMSS recently launched a newly upgraded Analytics Maturity Assessment Model (AMAM), a framework that helps health systems evaluate and improve their analytics strategy, data governance, and supports the effective use of artificial intelligence technology.
SPRY Launches First-of-Its-Kind BI and Fax AI Tools for Rehab Therapy Clinics
SPRY Therapeutics, creator of rehab therapy’s first fully integrated AI-powered EMR, announced that it will introduce SPRY BI and Fax AI at the upcoming APTA Private Practice 2024 Annual Conference & Exhibition. These advanced features, including the industry’s first business intelligence tool tailored for small and medium-sized clinics, are designed to streamline clinic operations and enhance efficiency.
Clearway Health Unveils Charter, a New Patient Management Software Solution for Specialty Pharmacy Programs
Clearway Health, a specialty pharmacy services company partnering with hospitals and health systems, unveils Charter, its new proprietary patient management software solution developed to support the specific needs of specialty pharmacy programs within a hospital or health system.
Oracle Delivers New Electronic Health Record Innovations
Oracle Health continues to deliver electronic health record (EHR) innovations that help clinicians streamline routine tasks and deliver more efficient, informed patient care. With the new capabilities, caregivers can more quickly and easily update and access critical patient information from practically anywhere to help increase efficiency and reduce burden.
Clarify Health Unveils Bold Rebrand with New ROI-driven Solutions Fueling Actionable, Data-Driven Insights
Clarify Health has unveiled a bold rebrand for their expanded data and analytics offerings, which enable providers, payers, health tech and services organizations, and life science companies to break new ground on healthcare insights. This rebrand introduces offerings designed to flexibly stack together for integrated enterprise value so that customers can grow topline, contain costs, and guide care with greater clarity and actionability.
German Bionic Debuts Groundbreaking Power Suit for Nursing and Care Professionals in North America
German Bionic, the pioneering robotics company with offices in Boston, Berlin and Tokyo, announced its official introduction of the “Apogee+” powered exoskeleton to the North American healthcare market. Merging cutting-edge robotics with research-backed, data-driven insights, the wearable technology aims to redefine the landscape of support for caregivers—cultivating a realm of enhanced well-being and sustainable working conditions for nursing and care professionals.
Otsuka Precision Health, Inc. (OPH) and Amalgam Rx Announce the Digital Support Solution for Caregivers Supporting Patients with Alzheimer’s Disease
Otsuka Precision Health, Inc., and Amalgam Rx, Inc., announce the launch of Elevmi
– an intelligent digital application that helps caregivers support loved ones with Alzheimer’s Disease.
Infinx Launches Next-Generation Intelligent Automation Platform for Revenue Cycle Management
Infinx, a trusted provider of AI-powered solutions for patient access and revenue cycle management, announces its Intelligent Revenue Cycle Automation Platform, which combines advanced AI — including generative AI and machine learning — with human expertise to address key healthcare pain points like staff shortages, claim denials, and payment delays.
NextGen Healthcare Introduces AI-Driven Ambient Listening Innovation for Ophthalmologists and Optometrists
NextGen Healthcare announced that its AI-driven ambient listening solution NextGen® Ambient Assist is now available to ophthalmologists and optometrists. NextGen Ambient Assist saves medical professionals up to two hours of documentation time per day by transcribing patient-provider conversations in real time and leveraging AI to summarize patient encounters within 60 seconds of a visit.
HITRUST Achieves Major Milestone with Availability of Solution Making it Practical to Manage Third-Party (Information Security) Risk
HITRUST, the leader in information risk management, security, and compliance assurances, announces enhancements to the HITRUST Assessment XChange, its comprehensive third-party risk management (TPRM) solution, overcoming legacy challenges and making TPRM practical and effective for organizations across all industries.
Telehealth Product News
BioIntelliSense Announces FDA Clearance of the BioButton® Multi-Patient Wearable and BioDashboard System for Continuous Patient Monitoring
BioIntelliSense, a continuous health monitoring and clinical intelligence company, announces FDA clearance of the rechargeable BioButton® Multi-Patient wearable and BioDashboard system to cost-effectively grow and scale hospital virtual care programs. The BioButton Multi-Patient medical device expands the BioIntelliSense award-winning portfolio of continuous patient monitoring solutions by offering a rechargeable and reusable inpatient solution for automating vital sign collection across medical surgical units, specialty care areas, emergency departments and in delivering hospital level care at home.
Iris Telehealth Launches Virtual Clinic and Iris Insights
Iris Telehealth, a provider of transformative behavioral health services for health systems and community healthcare organizations, announced the launch of its Virtual Clinic and Iris Insights platforms.
Panda Health Launches Exclusive Member Community for Digital Health Leaders
Panda Health, a community and market intelligence platform that connects hospitals and health systems with digital health solutions, announces the launch of the Panda Health Member Community, an exclusive virtual hub where IT and digital health leaders can exchange knowledge and insights to propel digital health advancement.
Cigna Healthcare Makes Virtual Care Even Easier and More Convenient with New E-Treatment Option from MDLIVE
Cigna Healthcare, the health benefits division of The Cigna Group, launched an “E-Treatment” option through MDLIVE by Evernorth. Beginning this month, customers have quick, flexible access to urgent care from board-certified doctors, without any direct interaction via phone or video.
Midi Health Launches Dedicated Survivorship Program – Expert Specialty Care for Women with History or Family History of Breast Cancer
Midi Health, the fastest-growing virtual care clinic for women 35+, announced the launch of an industry-first program aimed at providing cutting-edge, expert menopause care for breast cancer survivors and women at high-risk for breast cancer.
GetSetUp Launches Video-Based Medicare Hub to Simplify 2025 Annual Enrollment Period for Older Adults
GetSetUp, a virtual activity platform for older adults, is launching its GetSetUp Medicare Hub, a first-of-its-kind video-based resource designed to simplify the 2025 Medicare Annual Enrollment Period (AEP) for older Americans. Offering live expert-led sessions, on-demand Medicare videos, and peer-led learning, this hub equips seniors with the knowledge and confidence to make informed healthcare decisions.
AI Product News
Atropos Health Announces Data Quality ScoreCard and AI Tools as New Benefits to All Atropos Evidence Network Members
Atropos Health announced the availability of Data Quality ScoreCards to members of the Atropos Evidence Network, the largest federated healthcare data network with 300M+ patient records. By joining the Atropos Evidence Network, data contributors receive confidential, transparent, analytically driven feedback on their own data quality and strengths and access to the most advanced AI tools.
Thoughtful AI Empowers Healthcare Providers With Prior Authorization RCM AI Agent PAULA
Following the success of its first three AI Agents specializing in key healthcare revenue cycle management (RCM) roles, Thoughtful AI announced the launch of its latest RCM AI Agent: PAULA. PAULA is a true RCM game-changer – revolutionizing healthcare providers’ prior authorization processes by automating submissions, tracking and appeals with unmatched accuracy and speed, and an impressive 98% first-pass resolution rate.
Komodo Health Unveils New Generative AI Offerings to Enable Real-Time Insights Across 330 Million Patient Journeys
Healthcare technology company Komodo Health introduces two new products within its MapLab platform, making it easier than ever before to tap into the industry’s most robust database of de-identified patient-level insights. With the launch of MapAI and MapExplorer, Komodo deepens its commitment to improving the insights workflow, applying AI-enabled tools to rapidly produce targeted, trustworthy and contextualized insights and analyses. Both offerings are available in MapLab, the industry’s only unified suite of applications designed to accelerate and democratize insight generation for healthcare and Life Sciences organizations.
Xsolis Announces the Official Launch of Next Generation AI-Powered Platform, Dragonfly, at XCHANGE ‘24
Xsolis, an AI-driven technology company that reduces administrative tasks and avoidable denials, and improves collaboration between healthcare providers and payers, announced the official launch of Dragonfly®, a first-of-its-kind, next generation AI-powered platform, utilized by health systems and health plans to drive operational and clinical efficiencies and improve patient care management. The official launch of Dragonfly coincides with Xsolis’ annual conference, XCHANGE ’24, taking place in Nashville, September 29 – October 2, which brings together healthcare industry executives as well as utilization management, care coordination, revenue cycle, and health plan leaders.
Sonio Launches its AI-enhanced Ultrasound Reporting Solution in France and Obtains CE Mark for Sonio Detect
Sonio, the medtech company specializing in women’s and children’s health, announced that it has received CE marking for its product Sonio Detect. Sonio Detect, the software for automatic detection of views, anatomical structures and quality criteria on ultrasound images already marketed by Sonio in the United States, is now available in France.
AvaSure, Oracle Collaborate With NVIDIA on AI-Powered Virtual Concierge for Hospitals and Health Systems
AvaSure, an acute virtual care company, is collaborating with Oracle Cloud Infrastructure (OCI) to develop a virtual concierge solution built with NVIDIA full-stack AI technology to improve patient care and streamline clinical workflows in hospitals and healthcare systems. The cutting-edge virtual concierge will leverage the power of AvaSure’s Intelligent Virtual Care Platform; Oracle’s AI offerings, including OCI Compute; and NVIDIA accelerated computing infrastructure, including NVIDIA H200 Tensor Core GPUs with NVIDIA NIM microservices, part of the NVIDIA AI Enterprise software platform. These combined capabilities can create a seamless, AI-powered bedside experience, enabling smart rooms across any department.
Sunoh.ai Multilingual AI Scribe Drastically Reduces Physician Burnout
Sunoh.ai, an HER-agnostic, AI-powered ambient listening technology, announced that High Country Community Health (HCCH), an early adopter of Sunoh.ai’s multilingual feature, is transforming patient encounters. The new multilingual feature identifies different dialects and accents of the same language, helping save two hours daily on clinical documentation. Improved documentation enables better patient care. Sunoh.ai helps the community health center achieve improved work-life balance and reduced risk of burnout for providers.
Netsmart Announces Bells Virtual Scribe and Automation Advancements of the CareFabric® Platform
Netsmart announces the launch of Bells Virtual Scribe, an advanced augmented intelligence (AI) tool for clinician and staff support. The AI-powered clinical documentation and ambient listening technology, built on Amazon Web Services (AWS), aims to enhance and simplify the documentation process within electronic health records (EHR), thus reducing the administrative load on healthcare providers.
The post Health IT Product News Report October 2024 appeared first on HealthcareNOWradio.com.