Skip to content Skip to navigation

Report: HIE Market to Grow Significantly

November 27, 2012
by Gabriel Perna
| Reprints

According to a recent report from the Mountain View, Calif.-based research company, Frost & Sullivan, the health information exchange market is set to grow significantly over the next 18-24 months thanks to various regulatory factors. The report, U.S. Health Information Exchange Market: A Comprehensive Guide to Market Dynamics, Technology Vendors, and Future Trends, looks at the specific opportunities in this space.

Reform plays a big part of why HIE is set to grow. The report’s authors say the main reason for the growth of the HIE market is the renewed certainty around the Affordable Care Act, thanks to the Supreme Court upholding it and President Barack Obama getting re-elected. They also mention Stage 2 Meaningful Use requirements and the growing demand for care that goes beyond the doctor’s office as other reasons for the possible growth.

"Most healthcare providers realize that, despite the numerous complexities and challenges associated with the exchange of health data, HIE will continue to accelerate," Frost & Sullivan analyst Nancy Fabozzi, said in a statement. "The value gained from health data exchange is self-evident.  Today, most providers agree that the key issue in HIE is not whether to do it, but how best to do it so that benefits are maximized and any potential harm is minimized. This means that the data exchange platform must be trustworthy, comprehensive and secure." Fabozzi believes that the growth of cloud-based HIE solutions will necessitate new protocols and solutions that require state-of-the-art security systems expertise to alleviate concerns about data breaches.

Specific to the market, the authors of the report say demand for HIE-related services will go beyond simple transactional data exchange. They say value-added services which enable patient engagement and predictive analytics needed to better manage patient populations and contain risk will be looked at.

Topics

News

IBM Watson Health Hires Health IT Vet Paul Tang as Chief Health Transformation Officer

May 27, 2016
Paul Tang, M.D., former vice president and chief innovation and technology officer at the Palo Alto Medical Foundation in California, has joined IBM Watson Health as its vice president and chief health transformation officer.

Mayo Clinic Gets $142M to Serve as Precision Medicine Initiative Biobank

May 27, 2016
Rochester, Minn.-based Mayo Clinic will be awarded $142 million in funding over five years by the National Institutes of Health (NIH) to serve as the national Precision Medicine Initiative (PMI) Cohort Program biobank.

House Ways and Means Committee Advances Bill to Provide Regulatory Relief for Docs

May 26, 2016
The U.S. House Committee on Ways and Means has passed a bill that among other provisions, would provide relief to hospital outpatient departments as well as consider patients’ socioeconomic status before penalizing hospitals in the Hospital Readmissions Reduction Program.

Health IT Leaders Address Cybersecurity Responsibilities at HHS during Congressional Hearing

May 25, 2016
During a House Energy and Commerce Subcommittee on Health hearing, healthcare IT leaders and security experts testified in support of proposed legislation to elevate and empower the CISO at the U.S. Department of Health and Human Services (HHS).

Study: Automated, Real-Time Surveillance Significantly Reduced Sepsis Mortality

May 25, 2016
Automated surveillance and real-time analysis led to a significant reduction in sepsis mortality at Alabama’s Huntsville Hospital, according to research recently published in the Journal of the American Medical Informatics Association (JAMIA).

Report: Bill to Fight Zika Could Strip HHS of MACRA Funds

May 25, 2016
With a House bill providing money to fight the Zika virus pending, the Department of Health and Human Services (HHS) may be stripped of funds that it was planning to use for Medicare Access and CHIP Reauthorization Act (MACRA) information technology provisions, according to a Morning Consult report.

Healthcare Organizations Push to Look at New Data Sources to Assess Telemedicine in Medicare

May 24, 2016
Several healthcare organizations have sent a letter to the Congressional Budget Office (CBO) and the Medicare Payment Advisory Commission (MedPAC) regarding the use of alternative data sources for cost estimates and analyses of telemedicine utilization in the Medicare program.

Study: Sharing Visit Notes with Patients Improves Patient Satisfaction, Trust and Safety

May 24, 2016
Improving transparency between physicians and their patients by allowing patients to view their visit notes in their health records can improve patient satisfaction, trust and safety, according to a recently published study.

CareFirst BlueCross BlueShield Awards $3M to Regional Telemedicine Programs

May 24, 2016
Baltimore-based CareFirst BlueCross BlueShield plans to award nearly $3 million to ten healthcare organizations to help develop or expand existing regional telemedicine initiatives.

Intermountain Launches New Telehealth Service

May 24, 2016
Intermountain Healthcare has launched a new telehealth service that connects patients in Idaho and Utah with the health system’s providers 24 hours a day, 7 days a week, through video and audio conferencing on the web.

Kansas Heart Hospital Hit With Ransomware; Hackers Do Not Unlock Files After Receiving Ransom Payment

May 23, 2016
Wichita, Kan.-based Kansas Heart Hospital was hit with a ransomware attack last Wednesday, but after the hospital paid an undisclosed ransom, the hackers demanded more, according to local news reports.

Intermountain Healthcare Names New CEO

May 23, 2016
Salt Lake City-based Intermountain Healthcare has appointed A. Marc Harrison, M.D., as its new president and CEO to take the helm when current CEO Charles Sorenson, M.D., retires in October.

Study: Hospitals Making Significant Investments in Smartphone-Based Communications

May 20, 2016
Sixty-three percent of hospitals and health systems have deployed or plan to deploy a mobile communications platform supporting more than 500 smartphones in the next year, according to a new survey from Spyglass Consulting Group.

UConn Health Appoints Dirk Stanley, M.D., as First CMIO to Oversee EMR Implementation Project

May 20, 2016
The University of Connecticut Health Center (UConn Health), based in Farmington, Conn., has announced the appointment of Dirk Stanley, M.D., as its first Chief Medical Information Officer.

Potential Data Breach at Children’s National Health System Due to Vendor Misconfiguration

May 20, 2016
Children’s National Health System, based in Washington, D.C., has issued a notice about a potential data breach after a third-party vendor inadvertently misconfigured a file site that enabled patient information to be accessed online.

Pages