$110M ED Market to See Further Growth With ARRA | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

$110M ED Market to See Further Growth With ARRA

December 6, 2010
by root
| Reprints

According Millennium Research Group (MRG), the Toronto-based medical technology market intelligence company, the emergency department information system market was worth $110 million in 2010 and will grow by more than 30 percent in 2011 due to the American Recovery and Reinvestment Act (ARRA). Funding from this program will benefit the emergency department information systems the most in hospitals as facilities attempt to meet meaningful use requirements.

To help stimulate the economy, the US government initiated the ARRA in 2009. As part of the act, President Obama incorporated the HITECH Act, which included funding estimated at over $40 billion for electronic health record adoption to help facilities and physicians improve the quality of health care delivery. By providing incentive funding, facilities and physicians that normally would not be able to afford or be inclined to install an electronic health record would now have the means and motive of adopting one—those that do not will be penalized beginning in 2015 with reduced Medicare reimbursements.

MRG's US Markets for High-Acuity Information Systems 2011 report provides insight into trends that will fuel and limit market growth for high-acuity information systems in the US, with coverage of emergency department, critical care, and perioperative information systems. The report includes a breakdown of unit volumes, average selling prices, market values, installed base, and market shares in each market segment.



Allscripts Touts 1 Billion API Shares in 2017

Officials from Chicago-based health IT vendor Allscripts have attested that the company has reached a new milestone— one billion application programming interface (API) data exchange transactions in 2017.

Dignity Health, CHI Merging to Form New Catholic Health System

Catholic Health Initiatives (CHI), based in Englewood, Colorado, and San Francisco-based Dignity Health officially announced they are merging and have signed a definitive agreement to combine ministries and create a new, nonprofit Catholic health system.

HHS Announces Winning Solutions in Opioid Code-a-Thon

The U.S. Department of Health and Human Services (HHS) hosted this week a first-of-its-kind two-day Code-a-Thon to use data and technology to develop new solutions to address the opioid epidemic.

In GAO Report, More Concern over VA VistA Modernization Project

A recent Government Accountability Office (GAO) report is calling into question the more than $1 billion that has been spent to modernize the Department of Veterans Affairs' (VA) health IT system.

Lawmakers Introduce Legislation Aimed at Improving Medicare ACO Program

U.S. Representatives Peter Welch (D-VT) and Rep. Diane Black (R-TN) have introduced H.R. 4580, the ACO Improvement Act of 2017 that makes changes to the Medicare accountable care organization (ACO) program.

Humana Develops Medication Management Tool

A new tool developed by Humana enables the company’s members to keep a list of their medications in one place.