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
Inato Drives Improvements to Access and Inclusion in Global Clinical Trials with Latest Platform Enhancements
Inato (@inatohealth) — a global platform that seamlessly connects community-based sites with pharmaceutical companies looking to prioritize access and diversity in clinical trials — announced its latest platform enhancements.
Lumeris Launches Hands on Approach for Physicians to Rapidly Accelerate the Adoption of Value Based Care
Lumeris (@lumeris), a provider of technology, insurance capabilities and expertise to support value-based care models, announced the launch of Tribus, which builds upon Lumeris proven technology enabled services with physician-to-physician training and mentorship for practices looking for a better way to deliver at-risk care for senior populations.
CVRx Launches New Barostim NEO2 Implantable Pulse Generator
CVRx, Inc. (@CVRx_Inc), developer of the world’s first FDA-approved neuromodulation device to treat the symptoms of heart failure, has launched its new Barostim NEO2™ IPG.
Wolters Kluwer strengthens clinical surveillance portfolio with Sentri7 Sepsis Monitor
Every hour sepsis goes untreated, mortality risk increases by about 8%.1 Early, accurate detection of patients with sepsis is essential to ensuring sepsis bundle compliance, improving clinical outcomes, and reducing costs from an extended length of stay (LOS). Wolters Kluwer, Health (@Wolters_Kluwer) has expanded the Sentri7® suite of clinical surveillance tools to include Sentri7 Sepsis Monitor – empowering hospitals and health systems to identify sepsis earlier and supporting staff in delivering the best care everywhere.
Vermont Initiative Gives Clinicians New Tools for Infectious Disease Diagnosis and Response
The Vermont Department of Health has launched a first-of-a-kind program to support healthcare professionals with timely information on disease diagnosis, testing, treatment and patient education resources — improving public health response statewide. These resources are being made available to Vermont healthcare professionals in partnership with VisualDx (@visualdx), a healthcare informatics company based in Rochester, NY.
Connect America Unveils Industry-First Enhancements to Connect America Home™ Platform
Connect America, a company in connective care technology to empower seniors and vulnerable populations to age gracefully in place, announced several enhancements to its Connect America Home™ platform.
Insightin Health Offers a Sneak-Peak into the Market Insight Module of their inGAGE™ Platform
For a limited time, Insightin Health (@insightinhealth) is making Market Insight, a module of their inGAGE™ platform, universally available. Through the module, Insightin Health shares analytic insights from their inGAGE™ platform and publicly available information in interactive, easy to interpret visualizations.
OncoHost to Present Proteomics-Based Biomarker Model for Clinical Benefit to Immunotherapy in NSCLC Patients at SITC 2022
OncoHost (@OncoHost), a global company in next-generation precision oncology for improved personalized cancer therapy, has developed a novel predictive model for clinical benefit of immune checkpoint inhibitors (ICI) in non-small cell lung cancer (NSCLC) patients.
Turquoise Health Launches New Product For Individualized Datasets, Eliminates Barriers To Accessing Transparency Data
Turquoise Health (@TurquoiseHC), an end-to-end healthcare pricing platform, announced Simple Extracts, its first price transparency data product for specialty healthcare businesses.
Intelerad supports the launch of Amazon HealthLake Imaging
Intelerad Medical Systems (@intelerad), a global provider of enterprise medical imaging solutions, announced support for Amazon HealthLake Imaging, a new HIPAA-eligible capability from Amazon Web Services (AWS), now available in preview.
Certilytics, Inc. Launches New Product to Help Plan Sponsors Maximize Their Point Solution Programs
Certilytics, Inc. (@Certilytics) announced the release of Impact Evaluator, a product suite that helps plan sponsors maximize the impact of their point solution programs.
HITRUST Addresses Key National Information Security Priorities
HITRUST (@hitrust) is announcing resources that address national cyber and information security priorities identified by government agencies, legislators, and industry.
Telehealth Product News
Recuro Announces Publication Of Digital Medical Home – A Chronicle Authored By The Pioneers Who Advanced Telehealth To Modern Virtual Care
Recuro Health, an integrated digital health solutions company that transitions the U.S. healthcare system from a reactive, disease-focused model to a population health, outcomes approach, announces the publication of Digital Medical Home: How the Telemedicine Revolution Ignited the Creation of Precision Health, co-authored by Michael Gorton, founder of Teladoc and chief executive officer of Recuro Health, and Jay Sanders, MD, acknowledged as the “Father of Telemedicine” and founding board member and president emeritus of the American Telemedicine Association.
Wolters Kluwer launches digital health tech solutions for payers and virtual care players
To accelerate deployment of digital health technologies by virtual care vendors and payers, Wolters Kluwer, Health (@Wolters_Kluwer) launched Digital Health Architect™ Consumer Education Suite and EmmiGuide™.
TriHealth Partners with Andor Health for a Singular Approach to Virtual Care – Leading with Virtual Patient Monitoring
Andor Health, the company that provides healthcare organizations a better way to connect and collaborate, partners with TriHealth (@TriHealth) to enable ThinkAndor® Virtual Patient Monitoring (VPM) as part of an enterprise-wide virtual care collaboration platform.
GE Healthcare and AMC Health to Partner in Remote Patient Monitoring
GE Healthcare (@GEHealthcare) and AMC Health announced a collaboration that allows clinicians to offer Remote Patient Monitoring (RPM) as a virtual care solution that extends patient care outside the hospital to the home environment. The combination of GE Healthcare’s acute patient monitoring capabilities in the hospital setting, along with AMC Health’s expertise in RPM solutions leveraging an FDA Class II 510(k)-cleared platform with analytics will extend the continuum of non-acute care for patients after being discharged from the hospital.
Coeus h3c to help customers live well and heal at home with initial investment from Best Buy
Coeus h3c announced that Best Buy made an initial investment in the company and will use the Home Health Hybrid Cloud (h3c) to accelerate customer access to the full benefits of its home health devices and solutions. h3c is the first end-to-end solution that seamlessly manages the procurement, provisioning, delivery, installation and maintenance required for a successful home health experience.
AI Product News
U.S. Healthcare Tech Firm Launches AI Platform to Address and Reduce Physician Burnout
Redpoint Summit announces the product release of a game changer, specifically built to automate and expedite workflows within Electronic Medical Records. Medication Order Favorites uses artificial intelligence (AI) to keep track of physicians’ usage patterns, streamlining the time spent in EMR to reduce burnout. This innovative product helps physicians spend less time behind the keyboard entering data into the EMR, and spend more time with additional patients. “Physicians spend up to two hours…for every hour they spend face-to-face with the patient,” according to the American Medical Association.
Genoox partners with Thermo Fisher Scientific to automate cytogenetic research data interpretation and reporting with AI
Thermo Fisher Scientific (@thermofisher) has upgraded its leading Applied Biosystems Chromosome Analysis Suite (ChAS) software through a collaboration with Genoox (@GenooxTeam), a community-driven genomic data company. ChAS users will be able to access Genoox’s cloud-based AI platform, Franklin, with the launch of CytoScan Automated Interpretation and Reporting (AIR) solution, making cytogenetic research data analysis easier.
Montecito Medical™ Adds AI-Powered E/M Coding to Growing Platform of Solutions for Providers
Montecito Medical™ (@MontecitoMedRE) has established Calm Waters AI, a sister company offering an AI-powered Evaluation and Management (E/M) coding solution that increases revenue for healthcare providers by improving coding accuracy, saving time, reducing denials and decreasing the likelihood of coding audits.
GE Healthcare Tops List with Highest Number of AI-Enabled Device Authorizations, More Than Any Other Medical Technology Company
On a recently updated FDA list of artificial intelligence (AI) enabled medical devices, GE Healthcare (@GEHealthcare) had the highest number of authorizations, with 42 listed 510(k) clearances to date, in the United States. This reflects execution on the company’s AI strategy, which is centered on addressing three of healthcare’s largest challenges: health system efficiency and access, health outcomes, and system interoperability and workflow integration.
Suki Assistant Announces Fall ‘22 Release Featuring ‘Mobile as a Mic’ Functionality
Suki (@SukiHQ), a company in voice artificial intelligence (AI) technology for healthcare, announced a host of new features and voice-enabled capabilities to its flagship Suki Assistant. The Suki Assistant Fall ’22 Release offers functionality that delivers a more flexible, streamlined, and robust experience for tackling tedious tasks.
FDA Medical Devices
Approved in October 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 October.