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

Moffitt Cancer Center Deploys Private Network to Improve Data Sharing Between Researchers and Physicians

June 27, 2016
Tampa, Fla.-based Moffitt Cancer Center is deploying its own private enterprise network to link medical imaging, electronic health records (EHRs) and molecular medicine to facilitate collaboration between physicians, researchers and clinicians.

Report: Meaningful Use Payments Total $34.7 Billion

June 27, 2016
Since the beginning of the meaningful use program and through May 2016, the Centers for Medicare & Medicaid Services (CMS) has allocated $34.69 billion in meaningful use incentives payments, according to CMS data.

Physician Organizations Voice Concerns About Complexity, Timing of MIPS/APMs Proposed Rule

June 27, 2016
Numerous physician organizations have submitted comments to the Centers for Medicare & Medicaid Services (CMS) calling for the agency to reconsider the timing and complexity of a massive proposed rule that implements Medicare’s new physician payment system.

Medical Imaging Collaborative Aims to Bring Cognitive Computing to Radiology

June 24, 2016
A collaborative of 16 health systems, academic medical centers, ambulatory radiology providers and imaging technology vendors formed by IBM Watson aims to bring cognitive imaging into daily practice.

Research: Prescription Drug Monitoring Programs Prove Worthwhile in Preventing Opioid Deaths

June 24, 2016
The implementation of state prescription drug monitoring programs (PDMPs) was associated with the prevention of approximately one opioid-related overdose death every two hours on average nationwide, according to a new Vanderbilt-led study published in Health Affairs.

VA Officials Discuss Modernizing EHR System During Senate Committee Hearing

June 24, 2016
U.S. Department of Veterans Affairs (VA) officials indicated that the agency will likely look for a commercial electronic health record system during a discussion about its 40-year-old homegrown system at a Senate committee hearing this week.

Maine’s HIE Reports Strong Growth in Usage, Expansion of Analytics Capabilities

June 23, 2016
In its latest annual report, Maine’s state HIE, HealthInfoNet, reports a 52 percent growth in the number of users accessing the system since 2014 and a 69 percent increase in the number of patients whose records have been viewed across the largely rural state.

HHS Names New Members to HIT Policy and Standards Committees

June 23, 2016
The U.S. Department of Health and Human Services (HSS) Secretary Sylvia Burwell named eight new members of the Health Information Technology Standards Committee (HITSC) and one new member to the Health IT Policy Committee (HITPC).

OpenNotes and AMDIS Partner to Advance Medical Record Transparency

June 22, 2016
The Association of Medical Directors of Information Systems (AMDIS) and OpenNotes have announced a partnership to advance transparency in health care and enhance patient and clinician communication.

McKesson Considers Merging IT Unit with Change Healthcare, Media Report Says

June 22, 2016
Health information technology (IT) vendor McKesson has held talks about merging its IT unit with healthcare technology company Change Healthcare, according to a Reuters article.

Study: 77 Percent of Healthcare Organizations Will Use Public Cloud This Year, But Security Concerns Persist

June 21, 2016
More than half of surveyed healthcare executives have reported moving “Tier 1” applications to the cloud or software-defined data centers and 77 percent said they plan to move additional systems to the public cloud this year, according to a report from HyTrust.

HL7, IHE Renew Agreement for Interoperability, FHIR Collaboration

June 21, 2016
Health Level Seven International (HL7) and Integrating the Healthcare Enterprise (IHE) have renewed their cooperation agreement to advance the goal of interoperability of health information.

Survey: Payers, Providers Project Value-Based Reimbursement Will Eclipse Fee-for-Service by 2020

June 21, 2016
According to the results of a new survey, value-based payment has hit the tipping point, with bundled payment projected to grow rapidly in the next five years and as payers’ network strategies are changing, getting narrower and more selective. The survey results also reveal that payers and hospitals are somewhat struggling to scale these complex strategies.

HHS Announces $100M in Funding to Help Small Practices with MACRA

June 21, 2016
The Department of Health and Human Services (HHS) has announced $20 million each year over the next five years to fund on-the-ground Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) training and education for Medicare clinicians in individual or small group practices.

AMA CEO: “Digital Snake Oil” Remarks Have Initiated Much-Needed Discussion

June 20, 2016
The American Medical Association’s (AMA) CEO and executive vice president, James Madara, M.D., discussed further his recent comments about digital health products being “snake oil of the early 21st century.”

Pages