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
HHS Technology Group Earns NASPO ValuePoint Certification for Medicaid Third-Party Liability Systems
HHS Technology Group, LLC™ (@hhstechgroup) announced that its Recover Your Liability® (RyL) solution has been certified by the National Association of State Procurement Officials’ ValuePoint contracting arm to automate third-party liability functions and integrate with other Medicaid Management Information System (MMIS) modules.
Inovalon Launches Industry’s First Converged Risk Adjustment and Quality Measurement Analytics SaaS Solution
Inovalon (@InovalonInc), a provider of cloud-based platforms empowering data-driven healthcare, announces the availability of Inovalon Converged Risk Analytics, the industry’s first SaaS solution to provide health plans self-service access to both risk adjustment analytics and quality measurement analytics through a single SaaS platform. This enables health plans to more quickly, effectively, and efficiently predict and resolve a more holistic set of care needs for members at an individual, cohort, or plan level through one converged solution.
DeliverHealth Unveils Its Connected Platform for Providers, Clinicians and Patients
DeliverHealth (@deliverhs) announced the official launch of the DeliverHealth Platform. Built to unify the point solutions in healthcare, the cloud-based software suite clears the way for essential, resilient connections among providers, clinicians and patients.
New Population Risk Management Solution Improves Medication Adherence to Reduce Readmissions and Support Value-Based Care
To support population health initiatives and improve patient outcomes, health technology pioneer DrFirst (@DrFirst) announced the availability of MedHx PRM as part of its Medication Management Suite.
4medica Renews Focus on Improving Healthcare Data Quality in 2022
4medica (@4medica), a provider of healthcare data quality and patient matching technology, announced that they have renewed their focus on healthcare data quality in 2022 through a new website, branding and continued efforts to improve data quality in healthcare.
Sphere’s Integration with Epic MyChart Now Supports Google Pay™ and Apple Pay®
Sphere (@SphereCommerce), a provider of end-to-end integrated healthcare payments and security software, announced that its TrustCommerce platform supports Google Pay™ and Apple Pay® within its Epic MyChart integration.
Turquoise Health Launches Transparency Scorecard in Beta, Makes Assessment Public
Turquoise Health (@TurquoiseHC) has launched their Price Transparency Scorecard, a beta search tool that allows customers to assess the health of a hospital’s Machine-Readable File (MRF) in conjunction with the disclosure required by the government’s Hospital Price Transparency Rule. The official launch is expected in the spring of 2022, but today, any user can begin searching.
Snowflake Launches Healthcare & Life Sciences Data Cloud for Better Patient Care and Business Results
Snowflake (@SnowflakeDB), the Data Cloud company, announced the launch of the Healthcare & Life Sciences Data Cloud. With the Snowflake Healthcare & Life Sciences Data Cloud, healthcare companies have a single, integrated, and cross-cloud data platform that eliminates technical and institutional data silos.
Telehealth
Rhinogram Announces Addition of RhinoCall to its Virtual Care Platform
Rhinogram (@rhinogram), a cloud-based, HIPAA-compliant virtual care platform, announced the integration of RhinoCall to its platform. The new feature enables providers using the Rhinogram platform to compliantly make outbound calls from any device, displaying one consistent phone number (e.g., the practice’s office number).
Teladoc Health Announces Virtual Care Transformation Model for Employers
Teladoc Health (@TeladocHealth) announced a first-of-its-kind Virtual Care Transformation Model. This strategic framework helps employers and health plans to assess and advance their healthcare programs by proactively integrating virtual care as a way of improving access, lowering costs and providing better health outcomes to individuals.
HealthPoint Plus announces release of new Version 3.0 telehealth platform and more.
HealthPoint Plus Inc. (@HealthPointPlus), a subscription-based Telehealth medical company who recently signed a LOI to merge with Stargaze Entertainment Group, Inc., announces the release of HealthPoint Plus Version 3.0, a disruptive Subscription-Based Telehealth Platform. This release is a comprehensive update to their platform that expands patients’ use of video conferencing tools or telephony to connect with bilingual (English and Spanish) medical doctors and behavioral health care providers. health insurance plans.
AI
FDA Clears World’s First AI Software to Read Dental X-Rays
Pearl (@hello_pearl), a dental AI solutions company, announced that the United States Food and Drug Administration (FDA) has cleared its AI-powered, real-time pathology detection solution Second Opinion® to help dentists accurately identify a broad range of common dental conditions in patient x-rays.
Twist Bioscience and Eleven Therapeutics Create Replicon for Development of Antiviral Tools
Twist Bioscience Corporation (@TwistBioscience), a company enabling customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, and Eleven Therapeutics (@eleventx), a company leading the AI revolution in nucleic acid therapies, announced that they have created a replicon tool that could be used for studying viral genome replication and antiviral drug screening as well as vaccine and therapeutic development.
FDA Medical Devices
Approved in February 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 February.