Health IT Business News – Monday, May 13, 2013

Health IT Business NewsToday’s Business News

A new report estimates the global health IT market will reach $57 billion by 2017, up from $40 billion in 2012. The report sites the factors driving the growth of the healthcare information technology market across the globe are rise in pressure to cut healthcare cost, growing demand to integrate healthcare systems, high rate of return on investment while using healthcare systems, financial support from the U.S. government, growing medical tourism in the Asian region, government initiatives, rise in aging population, growing demand of CPOE adoption in order to reduce medication errors, and rise in incidences of chronic disorders.

M*Modal was recognized this week for winning the top Health IT Innovation Award for Informatics and Analytics from the North Carolina Healthcare Information and Communications Alliance, Inc. (NCHICA) and Intel Corporation. M*Modal Catalyst for Quality was selected as the winner for outstanding technology applications and unique approaches to improving the quality and efficiency of healthcare delivery in the U.S.

Greenway Medical Technologies  (NYSE: GWAY) announced financial results for the three months and nine months ended March 31, 2013. Greenway generated revenue of $33.8 million for the three months ended March 31, 2013, a 3% increase from $32.9 million for the comparable prior-year period.

McKesson Specialty Health announced today the launch of iKnowMed Generation 2SM, a web-based electronic health record (EHR) developed in collaboration with oncologists. Drawing upon their daily clinical experiences, more than 200 physicians have come together to help create a system that advances the quality and efficiency of cancer care delivery. The new iKnowMed Generation 2 has met the criteria to participate in the annual American Society of Clinical Oncology EHRs Lab to be held during the 2013 ASCO Annual Meeting in Chicago, Ill. from May 31 to June 4. ASCO is the world’s leading professional organization representing providers who care for people with cancer.