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

Salucro Announces Expansion of Integrated Patient Payment Workflow Solution for Cerner Millennium® Customers
Salucro Healthcare Solutions, a healthcare payment technology company, announced the general availability of its patient payment workflow integration for Cerner Millennium® customers.

Biofourmis Expands Access to Care and Streamlines Workflows with Integrated On-Demand In-Home Services Ecosystem
Biofourmis, a global technology-enabled care delivery company, announced the launch of its in-home services solution. The new functionality is the catalyst for an ecosystem of in-home service partners that will improve care delivery in the home by enabling patients to receive needed care sooner while improving efficiencies for clinicians.

DSS Announces New Capability to Improve Medical Device Security
Document Storage Systems, Inc. (DSS), a provider of health information technology (HIT) solutions for federal, private, and public health care organizations, announced it has added security solutions developed by PFP Cybersecurity (PFP) to its suite of solutions.

Solera Adds Virtual Specialty Care to its HALO Platform to Further Drive Value-Based Care Enablement
Solera Health, the premier technology platform for connecting people seamlessly and easily to health solutions that work, announced an expansion of its HALO Platform, a next-generation omni-condition management solution, to enable payers and employers to address high-cost specialty conditions.

SnapCare Introduces Transparent Pricing Promise for Healthcare Workforce Solutions
Healthcare systems will have unprecedented transparency into what they pay for contract staff under a new model introduced by SnapCare™, a tech-enabled workforce marketplace. SnapCare, formerly SnapNurse, is among the first technology companies in the healthcare workforce management field to transparently detail its costs and charges on invoices. Traditionally, staffing agencies have invoiced clients without disclosing clinician pay rates, benefit and travel costs, and markups.

Blue Spark Technologies Launches Innovative Multi-Vital Remote Patient Monitoring Platform – VitalTraq™
Blue Spark Technologies, Inc., a global leader in clinical-grade wearable and digital health tech, is launching a first-of-its-kind multi-sensor remote patient monitoring platform, VitalTraq™. VitalTraq includes one of the most groundbreaking contactless vital sign measurement sensors to date, Remote Photoplethysmography (rPPG).

Virtual Healthcare Product News

Pylo Health Launches Next Generation of Cellular-Connected Remote Patient Monitoring Devices
Pylo Health, a provider of remote patient monitoring devices and partner company to Prevounce, announces the launch of two next-generation patient devices: the Pylo 900-LTE blood pressure monitor and the Pylo 200-LTE weight scale.

Aramark Launches New Telehealth Program to Digitally Connect Hospital Inpatients with Clinical Nutrition Services
Aramark, one of the largest employers of Registered Dietitians in the U.S., announced a new program designed to remotely connect its highly skilled clinical dietitians with hospital patients through cloud-based technologies.

ThinkAndor® is Top Reviewed Digital Health Solution by AVIA Marketplace
Andor Health, the company leveraging generative AI to reimagine how patients are managed and monitored, was ranked by AVIA Marketplace as a top-reviewed digital health company. AVIA Marketplace is the leading resource for unbiased information about digital health solutions, helping health systems leverage other’s experiences to make educated decisions together.

AI Product News

FDA Clearance Granted for First AI-Powered Medical Device to Detect All Three Common Skin Cancers (Melanoma, Basal Cell Carcinoma and Squamous Cell Carcinoma)
DermaSensor Inc. (@DermaSensor) announces FDA clearance for its real-time, non-invasive skin cancer evaluation system. For the first time, the 300,000 primary care physicians in the U.S. can now be equipped to provide quantitative, point-of-care testing for all types of skin cancer. Better identifying skin cancer in a primary care setting is designed to accelerate patient access to necessary care.

Sensydia Completes Fifth Study for Heart-Sound AI
Non-invasive cardiac assessment company Sensydia (@sensydia) announced that it has completed its 50-subject development study at the University of Minnesota (UMN). This study was conducted at UMN to collect data for its innovative AI-powered, non-invasive Cardiac Performance System (CPS™) that uses heart sound analysis to enable earlier detection and more effective therapy guidance for patients suffering from heart failure and pulmonary hypertension.

Cerebras Collaborates with Mayo Clinic to Advance AI in Healthcare
Cerebras Systems, a pioneer in accelerating generative AI, announced a collaboration with Mayo Clinic (@MayoClinic) as its first generative AI collaborator for the development of large language models (LLMs) for medical applications. Unveiled at the JP Morgan Healthcare Conference in San Francisco, the multi-year collaboration is already producing pioneering new LLMs to improve patient outcomes and diagnoses, leveraging Mayo Clinic’s robust longitudinal data repository and Cerebras’ industry-leading generative AI compute to accelerate breakthrough insights.

Caregility Helps Transform Inpatient Care with New AI-Enhanced Telehealth Systems
In a significant leap forward for inpatient care, Caregility (@caregility) is proud to introduce a new class of adaptive telehealth edge devices designed to seamlessly support hybrid care models that bring remote clinicians and artificial intelligence (AI) capabilities into bedside workflows at the point of care. The groundbreaking APS200 Duo is the company’s first dual-camera, all-in-one system with onboard edge computing and a powerful dedicated graphics engine. The APS200 Duo includes a wide-angle camera for remote patient observation and a high-definition 40x power zoom camera for virtual nursing programs and remote patient examinations.

Infermedica Expands Global Reach with Support for 24 Languages on AI-powered Medical Guidance Platform
Infermedica (@Infermedica), a global digital health company specializing in AI-powered solutions for symptom analysis and patient triage, announced a significant expansion of its language offerings. With the addition of Japanese, Thai, and traditional Chinese language support to its Medical Guidance Platform, Infermedica extends its capabilities to a total of 24 languages, underscoring its commitment to enhancing healthcare accessibility worldwide, minimizing incorrect medical assessments, and streamlining the costs of providing quality care.

athenahealth Expands Use of Artificial Intelligence to Cure Complexity for Practices, Providers, and Patients
athenahealth (@athenahealth), a provider of network-enabled software and services for medical groups and health systems nationwide, announced a range of new traditional and generative AI-driven capabilities across the company’s solutions. Available through athenaOne® – athenahealth’s integrated, cloud-based suite of electronic health record (EHR), revenue cycle management, and patient engagement solutions – these features enable organizations to deliver exceptional patient care, reduce administrative burdens, and optimize revenue.

GE HealthCare and CodaMetrix Partner to Bring AI-Powered Automated Coding to More Healthcare Providers
CodaMetrix (@CodaMetrix) announced a strategic distribution agreement with GE HealthCare (@GEHealthCare) to bring CMX Automate™, a cloud-based autonomous coding solution, to GE HealthCare customers. This agreement will enable GE HealthCare customers to rapidly benefit from CodaMetrix’s CMX Automate solution that uses artificial intelligence (AI)-powered autonomous medical coding to bolster both quality and efficiency in coding. CMX Automate is recognized by KLAS Research as No. 1 in the “Reduce Cost of Care” category.

Source: https://www.healthcarenowradio.com/health-it-product-news-report-january-2024/