Allied Market Reseach reports that the US Health Care Information Technology market was evaluated at $61,018 million in 2017, and is estimated to reach $149,178 million by 2025, at a CAGR of 11.7% during the forecast period. The industry is driven by growing demand for improved patient safety and patient care as well as increase in government initiatives to promote and adopt health IT.
Data Bridge Market Research reports the market drivers and growth can be attriuted 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.
And finally over 120 companies are found on the newest Inc. 5000 2020 list of fastest growing private companies. Several of those in the top 200. The list is ranked according to percentage revenue growth when comparing 2016 and 2019.
Read all our product news reports. Here is a snapshot of health IT product news being announced.
Health IT Product News:
Patients Recovering at Home Stay Connected to Care Teams Using New Alexa Skill, Emmi Care Plan
To keep health consumers engaged with their providers while recovering at home, Wolters Kluwer Health (@Wolters_Kluwer) is launching Emmi® Care Plan, a new Alexa healthcare skill that restores the patient-provider dialogue after discharge simply by using the voice service.
Top-Rated E-Prescribing App Achieves 100% Year-Over-Year Growth, Doubles User Count, Becoming an Essential Tool for Medical Professionals During the Pandemic
Healthcare technology pioneer DrFirst (@DrFirst) announced the continued momentum and exceptional growth of iPrescribe, its top-rated mobile e-prescribing app that lets healthcare providers safely and securely prescribe any drug from any location, with just a few taps on a smartphone.
Telemedicine Product News:
No Contact Urgent Care Revolutionizes Telemedicine As Pandemic Continues Into 2021
While people are avoiding hospitals, medical clinics and physician offices due to fear of exposure to COVID-19, ThereCare has introduced a game-changer for safe and affordable home-based medical care. Given the urgent need to transform medical practices so patients don’t avoid medical care for conditions that can escalate if ignored, the No Contact Urgent Care kit by ThereCare is the ideal social distancing solution for virtual head-to-toe exams.
VSee Messenger Update 4.9.1 – Work Your Clinic Dashboard Right From Messenger!
VSee (@VSee) has recently made it more convenient for providers to see patients from the VSee Messenger app with this new update! No need to switch from your Messenger app to the web browser in order to call patients using no-download web video. No more wondering where a patient is when they are still coming into your waiting room.
AI Product News:
Novarad Launches New COVID-19 Artificial Intelligence Software, Available for Free Download Worldwide
Novarad (@NovaradCorp), a transformative imaging technologies company, is launching its new COVID-19 AI Diagnostic Assistant worldwide to make fast, accurate diagnosis of COVID-19 possible – free of charge. In partnership with Intel Corp., and leveraging Azure, Microsoft’s cloud computing service, Novarad is offering free use of a diagnostic system that combines DICOM routing, encryption, an AI processing engine, and secure reporting for the detection of COVID-19 from CT scans. This unique algorithm can produce diagnostic results in seconds, rather than days, enabling clinicians to rapidly isolate and treat patients who are likely suffering from COVID.
Covera Health Enhances its Radiology Center of Excellence Program with Mammography AI for Breast Cancer Detection
Covera Health (@coverahealth), a provider of clinical analytics solutions to reduce medical misdiagnoses and improve healthcare quality, announced the integration of ScreenPoint Medical’s artificial intelligence (AI) tools into its quality analytics platform. Covera plans to leverage these tools to improve early detection of breast cancer for both patients and providers, which has been proven to drive more effective –– and often less invasive –– treatment, improving outcomes for women nationwide.
Patient Forecaster’s Precision Staffing Tool Now Includes Predicted Hourly Bed Capacity, Patient Volumes and Hospital Admissions for Regional COVID-19 and Expected Flu Figures
Patient Forecaster (@PatientForecas1), an AI-powered precision staffing platform, announced the latest release of its emergent and urgent staffing tool. This breakthrough technology offers emergency department and urgent care center leaders’ greater predictability of patient volumes, bed capacity, hospital admissions and staff scheduling. Better predictability allows for tighter alignment of staffing with patient demand, thus lowering overall cost of care. It also improves the joy of work for providers as they are better matched to serve the needs of patients and their families.
GE Healthcare Introduces New Edge Technology Designed to Give Clinicians Rapid Access to Critical Data
GE Healthcare (@GEHealthcare) introduced Edison HealthLink, new edge computing technology designed specifically for the needs of healthcare providers, that allows clinicians to collect, analyze and act upon critical data closer to its source. With 10 applications already available through Edison HealthLink – including TrueFidelity image reconstruction, Mural Virtual Care and CT Smart Subscription – the solution gives healthcare providers another entry point into the Edison ecosystem.
Neuroglee Therapeutics to Attack Alzheimer’s Disease Through Personalized AI-Powered Digital Therapeutics
Neuroglee Therapeutics (@neuroglee), which builds personalized evidence-based prescription digital therapeutics for neurodegenerative diseases, has announced its company launch with $2.3 million in pre-seed funding. Neuroglee’s technology leverages artificial intelligence (AI), machine learning and novel digital biomarkers with the goal of slowing the progression of neurogenerative diseases—starting with Alzheimer’s disease.
Biofourmis Announces National Rollout of the Biovitals® Hospital@Home Platform to Help Deliver Hospital-Level Care in the Home Aligned with New CMS Program
Biofourmis (@biofourmis), a Boston-based global leader in digital therapeutics and virtual care that powers personalized predictive care, announces the national rollout of Biovitals® Hospital@HomeTM—an artificial intelligence-based, turnkey technology platform that enables hospitals and health systems to quickly deploy a “hospital at home” program.
COVID-19 Product News:
TVM.Bio® Introduces New Tool to Fight COVID Pandemic and Potentially Stop Lockdowns: Smart COVID Card Helps Individual Users Verify Negative Disease Status, Keeping Communities, Businesses and Employers Safe Through Data Sharing
TVM.Bio® (@tvmbio) officially announced the release of its patent-pending Smart COVID Card to help businesses and local governments battle the spread of the ongoing global pandemic. The Smart COVID Card is a piece of modern technology that uses USB and Near Field Communication (NFC) to securely encode, store and access confidential medical information like COVID-19 test results through a secured HIPAA portal.
Vocera Smartbadge Named to TIME’s List of the 100 Best Inventions of 2020
Vocera Communications, Inc. (@voceracomm), a recognized leader in clinical communication and workflow solutions, announced that the wearable Vocera Smartbadge has been named to TIME’s list of the 100 Best Inventions of 2020. Today, TIME revealed its annual list of the 100 Best Inventions that are making the world better, smarter, and even a bit more fun. The award-winning Vocera Smartbadge enables hands-free communication and can be worn under personal protective equipment (PPE), minimizing the risk of contamination and helping preserve valuable PPE.
This content was originally published here.