Nashville Could Become Next Major Health IT Hub, Report Finds | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Nashville Could Become Next Major Health IT Hub, Report Finds

August 25, 2016
by Rajiv Leventhal
| Reprints

Nashville, Tenn. very well could become the next big health IT “hub” in the U.S., according to a new analysis from the Brookings Institution’s Metropolitan Policy Program.

According to the report, “A national center of hospital management, the Nashville area possesses important expertise relevant to HIT, including in clinical care, disease management, behavioral health and wellness, diagnostic testing, data management, and the management of physician transactions.” Rooted in the founding of the Hospital Corporation of America, Nashville’s unique healthcare cluster encompasses 15 publicly traded companies that own and operate nearly 40 percent of all investor-owned hospitals in the U.S. and more than 4,000 establishments engaged in some form of the business management and delivery of care, Brookings’ authors wrote.

And, according to a recent report in The Tennessean, healthcare investments accounted for about 60 percent of the $1.6 billion in Nashville-area venture capital investments over the last decade, per findings from the Nashville Capital Network and Nashville Health Care Council. “Young healthcare companies around Nashville received more than $940 million from 2005 to 2015, an explosion of venture capital investment that aligns with both the city’s rise to national prominence and the implementation of the Affordable Care Act,” that article stated.

However, the area will have to overcome some challenges, the Brookings’ fellows attested. “At the same time, the region’s university-based medical research lacks a heavy focus on IT, its solid medical and health business workforce remains thin on software competencies, and the area’s emerging tech ecosystem has not fully integrated efforts to sustain small-firm growth in HIT,” they wrote.

According to the report, the region’s traditional strengths in healthcare management imbue it with significant expertise in every aspect of how the system works—knowledge that should provide important competitive advantages even over regions with more extensive IT capabilities. “However, its traditional strengths also pose potential barriers. Its major proprietary healthcare systems compete against one another, making collaboration difficult, and, in the face of disruptive change, Nashville’s present success and the dominance of legacy industries could hamper movement into new directions. Further, studies of the region’s workforce have found significant skill gaps and weaknesses in IT fields, where both wages and pay increases have exceeded other sectors.”

As such, the analysis found that metropolitan Nashville possesses a unique opportunity to leverage its strengths in health management in developing a unique HIT cluster. To that end, the report recommends three actions by which Nashville (and other metros) strengthen their HIT ecosystem. These steps include: expand the region’s innovation infrastructure; build the HIT skills base; and deepen the HIT ecosystem.

Regarding the health IT vendor community, several top earners are headquartered in or around Nashville. According to this year’s Healthcare Informatics 100 ranking of the top 100 health IT revenue companies, two major vendors—Change Healthcare, a start-up acquired by Emdeon (#11) and HealthStream (#49) reside in Nashville, while multiple others on the list are located nearby in Franklin.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

Study will Leverage Connecticut HIE to Help Prevent Suicides

A new study will aim to leverage CTHealthLink, a physician-led health information exchange (HIE) in Connecticut, to help identify the factors leading to suicide and to ultimately help prevent those deaths.

Duke Health First to Achieve HIMSS Stage 7 Rating in Analytics

North Carolina-based Duke Health has become the first U.S. healthcare institution to be awarded the highest honor for analytic capabilities by HIMSS Analytics.

NIH Releases First Dataset from Adolescent Brain Development Study

The National Institutes of Health (NIH) announced the release of the first dataset from the Adolescent Brain Cognitive Development (ABCD) study, which will enable scientists to conduct research on the many factors that influence brain, cognitive, social, and emotional development.

Boston Children's Accelerates Data-Driven Approach to Clinical Research

In an effort to bring a more data-driven approach to clinical research, Boston Children’s Hospital has joined the TriNetX global health research network.

Paper Records, Films Most Common Type of Healthcare Data Breach, Study Finds

Despite the high level of hospital adoption of electronic health records and federal incentives to do so, paper and films were the most frequent location of breached data in hospitals, according to a recent study.

AHA Appoints Senior Advisor for Cybersecurity and Risk

The American Hospital Association (AHA) has announced that John Riggi has joined the association as senior advisor for cybersecurity and risk.