Health IT Product News Report March 2023

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

Wolters Kluwer powers innovation in clinical education with new Lippincott solutions
Wolters Kluwer Health (@Wolters_Kluwer) announced the launch of Lippincott® Medical Procedures, a new clinical point of care solution to better prepare novice clinicians, and Lippincott® Connect Courseware, aimed at improving the educational process for both students and teachers.

Kalderos Introduces New Product Suite to Better Serve Manufacturers Navigating Drug Discount Programs
Data infrastructure and analytics company Kalderos (@KalderosInc), creator of the world’s first Drug Discount Management platform, introduced a new portal designed exclusively for drug manufacturers to ensure a simplified, more efficient way to process drug discount claims.

VisiQuate Launches Machine-Learning Model That Accelerates Cash Collection for Healthcare Providers
VisiQuate (@VisiQuate), a provider of advanced analytics, intelligent workflow, results-driven services and AI-powered automation offerings to America’s most respected healthcare providers, announced the launch of Full Score – a new machine-learning model that enables revenue cycle leaders to prioritize work to accelerate cash collection.

Reveleer Launches Prospective Risk Adjustment Enhancements, Leveraging AI to Close Care Gaps Proactively
Reveleer (@reveleer), a healthcare technology company using artificial intelligence (AI) to empower data-driven healthcare for payers and providers in all lines of business, announced significant enhancements to its AI-enabled prospective risk adjustment solution.

New Clinical AI Solutions Enable Early Disease Detection and Proactive Care for Patients with Lower GI Disorders, Diabetes and Prediabetes
Lucem Health (@lucemhealth) announced the availability of its new early disease detection solutions, Lucem Health Reveal. Lucem Health Reveal leverages existing EHR data to identify patients who may be at a higher risk of serious or chronic disease.

Proprio’s Paradigm™ System in Select Operating Rooms to Capture Data for Rapid Platform Development
Proprio (@Proprio_Vision), a Seattle-based medical technology company, announces its flagship system, the Paradigm, has entered its first of several ORs around the country in a non-clinical capacity to capture unique surgical data which will be used to accelerate future development.

Inovalon Announces Converged Outreach
Inovalon (@InovalonInc), a provider of cloud-based software solutions empowering data-driven healthcare, launched Converged Outreach. This new cloud-based SaaS product is a patient outreach orchestration solution that empowers healthcare organizations to coordinate the analytically-derived patient intervention programs of multiple concurrent initiatives to achieve optimal engagement, impact, and efficiency.

FutureRx Launches Paradigm-Shifting Healthcare Platform for Health Plans and PBMs
FutureRx announced the launch of its first-of-a-kind healthcare platform for health plans and pharmacy benefits managers (PBMs) that combines modular technology solutions and, if needed, seamless access to pre-vetted fully integrated service providers on a single platform.

RxBenefits Launches Patient Assistance Solutions to Curb Specialty Drug Costs for Self-Funded Plans
RxBenefits (@rxbenefits), the employee benefits industry’s first technology-enabled pharmacy benefits optimizer (PBO), is proud to announce the launch of its new Patient Assistance solutions. Designed to complement RxBenefits’ comprehensive suite of pharmacy solutions, these alternative funding offerings can help reduce specialty drug costs for some patients and plans.

Virtual Healthcare Product News

CVS Health launches new virtual primary care offering, expands access to mental health support
CVS Health® (@CVSHealth) Virtual Primary Care is a new virtual care offering that provides primary care, 24/7 on-demand care1 and scheduled mental health services. If in-person follow-up care is needed, a patient can seek care at any in-network provider, including MinuteClinic®.

HandsFree Health Adds WellBe Chat AI Conversational Feature to its Product Offering
HandsFree Health (@HandsFreeHealth), provider of WellBe®, a secure, HIPAA-compliant, voice-enabled virtual health assistant platform, announced “WellBe Chat” – a significantly enhanced conversational feature that uses AI to communicate in a clear, friendly and interactive manner.

AI Product News

New AI-Powered Products From Experian® Health Will Help Healthcare Providers Recoup the Billions in Lost Dollars Due to Insurance Claim Denials
To address one of the most pressing problems in healthcare, Experian® Health (@Experian_Health), a provider in revenue cycle products, announces the launch of AI Advantage™ to mitigate the increasingly high volume of healthcare insurance claims denials. As the most seamless and comprehensive system for claims management in the healthcare industry today, the products leverage artificial intelligence (AI). Coupled with Experian’s expertise in big data solutions and insights, these all-new solutions will help healthcare providers prioritize their claims reimbursement process and decrease claim denials overall, saving time and money across the entire healthcare value chain and ultimately improving care and service for patient consumers.

Samsung Introduces Premium Women’s Health Ultrasound
Boston Imaging (@BostonImaging), the United States headquarters of Samsung’s digital radiography and ultrasound business, introduces the HERA W10 Elite1; the premier model of the HERA platform for Obstetrics and Gynecology that provides clinicians with a suite of powerful artificial intelligence (AI) tools and clinical applications to advance the diagnostic experience.

Alpine Health Systems launches new AI-powered solution to streamline complex hospital discharge with support from OSF HealthCare and High Alpha Innovation
Alpine Health Systems (@AlpineHealth_) is pleased to announce the launch of an AI-based software platform that can improve hospital discharge for patients with complex health conditions, and in some cases, multiple social needs. The platform allows case managers to quickly identify at-risk patients to safely transition to an appropriate site of care. Peoria, Illinois-based OSF HealthCare and its innovation catalyst OSF Innovation, along with Indianapolis-based venture builder High Alpha Innovation, served as partners for the development of Alpine’s tool that can benefit hospitals nationwide.

Masimo Announces the Limited Market Release of Visual Clinical Activity Monitoring
Masimo (@Masimo) announced the limited market release of Visual Clinical Activity Monitoring (VCAM™), a video analysis system that uses artificial intelligence to help facilitate compliance with hospital hand hygiene protocols. VCAM, which integrates seamlessly with the Masimo Hospital Automation™ platform of solutions, including Masimo Patient SafetyNet™, Replica®, and Root®, is designed to help hospitals and other care facilities optimize protocol adherence, with real-time notifications at the point-of-care about current hand hygiene status and powerful analytics around protocol compliance – with the ultimate goal of helping institutions decrease the incidence of hospital-acquired infections (HAIs).