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
Informatica Launches Intelligent Data Management Cloud for Healthcare & Life Sciences
Informatica (@Informatica), an enterprise cloud data management company, announced the Intelligent Data Management Cloud (IDMC) for Healthcare and Life Sciences with new cloud-first, cloud-native capabilities designed to build digital-first experiences for connected patient care.
Greenway Health launches Greenway Secure Cloud to help reduce cybersecurity threats, ensure regulatory compliance and simplify billing practices
Greenway Health (@greenway), a health information technology services provider, launched Greenway Secure Cloud, a cost-effective, fully bundled, cloud-based electronic health record (EHR) and practice management solution. Greenway Secure Cloud increases the security of patient health information and practice records, eliminates the need to manage software upgrades, and provides scalable, all-inclusive pricing to clients.
Pure Storage announces next generation of healthcare data storage solutions
Pure Storage (@purestorage), the IT pioneer that delivers advanced data storage technology, announced three new updates to its products – AIRI®//S, FlashBlade®//S and Evergreen//Flex – to better the overall healthcare data experience through improved simplicity, scalability, and AI-ready infrastructure.
Zavation Medical Products, LLC, receives FDA 510K Clearance for eZspand™ Lateral Cage as an addition to its eZspand™ Interbody System.
Zavation Medical Products (@zavation), a designer and manufacturer of high-quality spinal implants, instruments, MIS procedural kits, and biologics headquartered in Flowood, MS, announced the FDA 510K Clearance of eZspand™ Lateral, an expandable lumbar interbody fusion device.
LeadingReach Introduces Analytics Tool to Help Healthcare Organizations Turn Data Into Actionable Insights for Improved Care Delivery
LeadingReach (@LeadingReach), Healthcare’s Connected Network, announces LeadingReach Analytics, a data visualization tool that unlocks a new set of key care coordination throughput metrics for value based organizations, specialty practices, ancillary services and health systems.
IMAT Solutions Launches New Data-as-a-Service (DaaS) Offering for Health Payers
IMAT Solutions (@IMATSolutions), a company in delivering innovative, real-time, healthcare data management and population health reporting solutions, announced that it has launched a new Data-as-a-Service (DaaS) offering for health payers.
Telehealth Product News
CVS Health to launch new virtual primary care solution on single digital platform
CVS Health® (@cvshealth) announced the launch of CVS Health Virtual Primary Care™, a new virtual care solution available through a single digital platform. The offering connects CVS Health’s services, clinical expertise, and data for a more coordinated and consumer-centric health care experience. Demonstrating CVS Health’s bold strategy to improve primary care, the new solution enables consumers to choose care when and where they want – in a retail or community-based setting, through at-home health services, or virtually.
Virtual Care Platform MyTelemedicine Launches Caregiver Support Tools to its Flagship Brand Lyric Health
Virtual Care Platform MyTelemedicine continues to set trends in the marketplace and build solutions for the future with the rollout of its new Caregiver Support tools to its flagship brand Lyric Health.
Biofourmis Selected by American College of Cardiology as Exclusive Virtual Care Platform to Drive TRANSFORM(3) Study Focused on Closing Practice Gaps for Heart Conditions
Biofourmis (@biofourmis), a Boston-based global virtual care and digital medicine company, announced that its Biofourmis Care solution has been selected by the American College of Cardiology (ACC) for its TRANSFORM3 study that will evaluate different intervention strategies for improving adherence to guideline-directed medication therapy (GDMT) for managing chronic cardiovascular conditions. The study will place an emphasis on underserved populations and those with a history of healthcare disparities.
Eagle Tele-Rheumatology Joins List of more than 15 Physician Specialties
Eagle Telemedicine (@EagleTelemed), a company in inpatient telemedicine, announced the addition of a rheumatology specialty to its growing list of physician telemedicine services. The Eagle TeleRheumatology service is a new specialty added to the company’s growing list of 15 specialized telemedicine services offered to hospitals and clinics nationwide to help them overcome the recruiting challenges during the current shortage of specialized physicians.
Included Health Expands Platform Connectivity with the Healthcare Ecosystem to Deliver Better Member Care
Included Health (@IncludedHealth), the only integrated virtual care and navigation platform, announced it has launched a new platform feature that enables deep data and app integration capabilities with select healthcare partners, enriching the shared understanding and coordination of member care.
Livindi Improves Telemedicine, Remote Patient Monitoring and Video Calling
Livindi (@livindicare) continues to expand it’s award-winning products. The enhanced remote patient monitoring (RPM) includes patient service monitoring, telemedicine virtual appointments and medication adherence. The new program will help to ensure patients comply with their prescribed care plan, including taking biometric measurements and ensuring medications are taken.
AI Product News
RadNet Artificial Intelligence Subsidiaries, DeepHealth and Quantib, Obtain FDA Clearance for Mammography and Prostate AI Tools
RadNet, Inc., (@RadNet_Inc) announced that it has received FDA clearances for its DeepHeatlh Saige-DX™ mammography and Quantib® Prostate 2.0 MRI artificial intelligence algorithms. Saige-Dx, a more advanced successor to our FDA approved Saige-Q worklist triage software, is a cancer detection tool that enables radiologists to more effectively detect the presence or absence of breast cancer with the use of artificial intelligence. DeepHealth’s powerful new AI technology automatically identifies suspicious lesions in mammograms and assigns a suspicion level to each finding and to the entire case. It helps detect and diagnose breast cancer earlier while reducing unnecessary recalls.Artificial Intelligence Company VirtuSense Technologies Announces Fall-Prevention Solution for Senior Living
VirtuSense Technologies (@VirtuSense), an artificial intelligence (AI) solution that detects and prevents falls before they occur, announced that the company’s VSTAlert solution is now available for senior living communities. Leveraging machine vision and an algorithm that learns residents’ habits, VSTAlert can detect high fall-risk residents exiting a bed or chair 30-65 seconds in advance, giving care teams time to intervene before a fall. This fall prevention solution, used primarily in skilled nursing facilities, has reduced patient falls with injury by up to 96%.
AI in Psychiatry – Transforming the Treatment of Mental Disorders
GrayMatters Health (@GraymattersH) is the first to use machine learning technology to create an Electrical-Finger-Print (EFP) of brain-mechanism-specific biomarkers that are utilized in its proprietary treatment of mental disorders, training patients to employ self neuro-modulation techniques using an interactive audio-visual software. This helps patients regain agency over their emotion regulation.