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.
Cohere Health Introduces Cohere Unify™ Intelligent Prior Authorization
Cohere Health (@CohereHealth), a company in transformative prior authorization (PA) technology, introduced Cohere Unify™, a health plan software-as-a-service solution suite that automates prior authorization intake and decisioning using advanced analytics and AI/ML algorithms, to drive administrative efficiency while adding transformative capabilities to speed and improve patient outcomes.
Inovalon Adds All-Payer Claims Management Software to the PointClickCare Marketplace, Expanding Partnership
Inovalon (@InovalonInc), a provider of cloud-based software solutions empowering data-driven healthcare, announced the addition of its EASE All-Payer claims management solution to the PointClickCare Marketplace.
OncoHost Launches PROphet® NSCLC Cancer Test in the United States
OncoHost (@OncoHost), a precision diagnostics company centered on predictive biomarker development for improved patient care, announced the official launch of its PROphet® non-small lung cancer (NSCLC) Test in the United States.
Babson Diagnostics Unveils Brand Identity for Next-Generation Blood Testing
Babson Diagnostics (@babsondx), a science-first, health care technology company, announced BetterWay™ Blood Testing, the name of its new diagnostic blood testing service that is designed around the most important element of testing – the customer.
Solv Launches Final Mile Network, Enabling Handoff Between Virtual Care Navigators and Local In-Person Providers to Complete a Critical Path in the Care Continuum
Solv (@solvhealth) announced the launch of Solv Final Mile Network, the first solution to bridge the gap from online navigation and virtual care to in-person, local medical care across the country.
Summus Announces Modern Industry-Specific Methodology to Quantify Return on Investment (ROI) of Virtual Specialty Care Services
Summus (@SummusGlobal), a virtual specialty care provider, unveiled an industry-first, proprietary methodology to quantify the return on investment (ROI) for organizations using virtual specialty care services.
Teladoc Health Launches Fully Integrated Whole-Person Care Experience with New App
Teladoc Health (@teladochealth), a global provider of whole-person virtual care, announced the launch of a fully integrated health care experience through a new comprehensive digital application enabling personalized whole-person care to individuals.
Iterative Health Partners with Gastro Health to Accelerate Clinical Research in Gastroenterology Through Artificial Intelligence
Iterative Health (@Iterative_Hlth), a pioneer in precision-medicine technologies for gastroenterology, announced that it has partnered with Gastro Health (@GastroHealthLLC), a national medical group specializing in digestive and liver health, to bring its AI Recruitment (AIR) technology to Gastro Health’s practices. This strategic partnership will lay the groundwork for future collaborations by using AIR to aid in the recruitment of patients for clinical trials in inflammatory bowel disease (IBD) and expanding Gastro Health’s clinical research capabilities.
Cogito Enhances Conversation AI, Bolstering Real-Time Agent Assist and Coaching Capabilities
Cogito (@CogitoCorp), a real-time coaching and guidance for the enterprise company, announced its latest product innovations to transform real-time conversation intelligence in the contact center. Deployed to tens of thousands of agents, including a Fortune 25 telecommunication customer’s 30,000-agent workforce, the largest deployment of its kind, the suite of solutions creates a new standard for technology’s role in supporting contact center agents and team leaders.
Optimizing the Healthcare Supply Chain: The Predictive Power of Artificial Intelligence
As health systems across North America face one supply chain crisis after another in pursuit of essential medical supplies and medications, the need for intelligent, AI-driven forecasting has never been greater. To pave a better way forward, leaders at the Integrated University Health and Social Services Center of Canada’s CIUSSS du Centre-Sud-de-l’Île-de-Montréal (CCSMTL) are taking a new, technology-enabled approach: They are now using DemandAMP+™ from MUUTAA™ (@MUUTAA2) to power deep learning and predictive analytics for optimal supply chain decisions.
Elligo Adds AI-Driven Clinical Research Study Technology to Accelerate Trials
Elligo Health Research® (@ElligoHealth), the largest healthcare-enabling research organization, has introduced DataAI Connect, a new data and technology platform that will enable rapid, data-driven clinical research. A scalable, end-to-end data platform, DataAI Connect creates efficiencies across the clinical study workflow — reducing human error and rapidly digesting patient data to accelerate clinical trials.
FDA Medical Devices
Approved in January 2023
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 for January.