Skip to content Skip to navigation

Report: Electronic Data Interchange Market to Hit $1.7B by 2018

July 16, 2014
by Rajiv Leventhal
| Reprints

The global electronic data interchange (EDI) market—which has helped the healthcare industry move claims and supply chain management from paper-based to an electronic-based mode of transactions— is expected to be worth $1.68 billion by 2018, according to a Research and Markets report.

The benefits associated with the use of EDI such as cost reductions and reduced time of transactions have helped improve the acceptance of this technology in the healthcare market. Over the past few years, the healthcare EDI market has shown a substantial growth; the market is expected to grow at a CAGR of 13.7 percent from 2013 to 2018.

EDI has been increasingly embraced by the healthcare industry, and is experiencing a growth due to various advantages associated with its use such as reduction of the administration costs, reduced errors and time for transfer of claims, and initiatives by various governments, the report found.

The prominent players in the global healthcare EDI market include Emdeon Inc. (U.S.), Allscripts (U.S.), Mckesson (U.S.), Optum Health (U.S.), GE Healthcare (U.K.), Siemens Healthcare (Germany), SSI Group (U.S.), ZirMed (U.S.), Passport Health communications (U.S.), and Capario (U.S.).



Mayo Clinic, ASU Partner for Medical Education, Healthcare Innovation

The Mayo Clinic and Arizona State University have announced a partnership centered on transforming medical education and healthcare in the U.S. through a variety of innovation efforts.

CMS Hospital Compare Website Updated with VA Data

The Centers for Medicare & Medicaid Services (CMS) has announced the inclusion of Veterans Administration (VA) hospital performance data as part of the federal agency’s Hospital Compare website.

CMS Awards Funding to Special Innovation Projects

The Centers for Medicare & Medicaid Services (CMS) has awarded 20, two-year Special Innovation Projects (SIPs) aimed at local efforts to deliver better care at lower cost.

Center of Excellence in Genomic Science to be Established in Chicago

The National Human Genome Research Institute has awarded $10.6 million over five years for the establishment of a new research center in Chicago to advance genomic science.

EHNAC and HITRUST Combine HIPAA Security Criteria, CSF Framework

The Electronic Healthcare Network Accreditation Commission (EHNAC) and the Health Information Trust Alliance (HITRUST) announced plans to streamline their accreditation and certification programs.

Halamka on MACRA Final Rule: “CMS is Listening and I Thank Them”

Health IT notable expert John Halamka, M.D., CIO of Beth Israel Deaconess Medical Center in Boston, recently weighed in on the Medicare Access and CHIP Reauthorization Act (MACRA) final rule.