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Cloud Technology Can Boost Healthcare IT Market Growth

Posted on March 3, 2014 I Written By

Anne Zieger is a healthcare journalist who has written about the industry for 30 years. Her work has appeared in all of the leading healthcare industry publications, and she's served as editor in chief of several healthcare B2B sites.

A new study suggests that an increase in healthcare provider use of cloud technology plus a decrease in the cost of IT implementation could lead to big changes in the US healthcare IT market.

According to market research consulting firm RCNOS, between now and 2018, the health IT market will grow at a compound annual growth rate of close to 10 percent. Innovation in the market and government support for health IT tools will help the market along as well, the researchers report.

Technologies likely to have this effect include EMRs, clinical decision support systems, medical imaging information systems and lab information systems. The researchers say personal health records, telemedicine and ICD-10 systems are also growth areas.

To realize this potential, however, it will take widespread cooperation across many sectors of the healthcare industry, including providers, payers, plan sponsors, the pharmas and more, writes health blogger Jane Sarasohn-Kahn.

That being said, health IT market growth is not an absolutely sure thing. According to investor and entrepreneur Anne DeGheest, who recently spoke with the Wall Street Journal, the intense activity around health IT resembles the technology bubble of the 1990s.

Whether you share Sarasohn-Kahn’s enthusiasm or DeGheest’s caution, it’s difficult to argue that this is a golden time for health IT innovation and entrepreneurship. What makes today’s health IT activity different than bubbles of previous generations is that it solves real problems, rather than creating apps in search of a problem. I’d argue that health IT’s explosive growth will run well beyond 2018.

World Health IT Market Size, Microsoft in Healthcare, Advanced EHR Usage, EHR Usability, and ICD-10

Posted on March 4, 2012 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Back once again for our weekend roundup of EMR and Health IT tweets. A number of interesting tweets out there this weekend, so let’s get to it.


$162.2 Billion (yes, that’s billion with a B) for the world Healthcare IT market. That’s a lot of money going to healthcare IT. Considering how far along we are (or maybe I should’t say aren’t) in the US, imagine how much bigger that’s going to be. Although, much of this market is in equipment. Just take a look at the RSNA conference to see what I mean.


Google Health gave us this lesson as well. Although, I love seeing bigger companies take risks.


I’m always surprised when I hear story after story of someone “adopting an EHR” and then realizing that they use a very small subset of the EHR features. So, I definitely agree with this tweet.

These next 2 tweets go together:


This is a pretty complex question. One I’ll have to consider a bit more. I’d love to hear your thoughts.


This was a tweet from the #HealthITJam chat I participated in for a bit. If you haven’t read my post on ICD-10, you should.

Top Health Industry Issues of 2011 – “Top 10” Health IT List Series

Posted on December 28, 2011 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Next up in our evaluation of the various end of 2011 Health IT lists series is one that takes a bit of a look back at 2011. In this list, PwC lists what they consider the Top Health Industry Issues of 2011. The list starts with an interesting comment about the health IT spending in 2011:

More than $88.6 billion was spent by providers in 2010 on developing and implementing electronic health records (EHRs), health information exchanges (HIEs) and other initiatives. This surge is a sign of technology’s critical place in health system improvement.

$88.6 billion is a lot of health IT spending and larger than most numbers I’ve seen. Although, most numbers I’ve seen are only the EMR and EHR market and doesn’t include HIE spending and other healthcare IT initiatives. It’s quite clear that the health IT spending is up, and up Big!

Their list of top Health issues isn’t that surprising, except possibly one of them:

Meaningful Use – This has to be topic number one for health IT in 2011. It’s had a trans formative effect on healthcare IT and EMR and EHR as we know them. Pretty much every EHR vendor I’ve talked to basically had to take an entire software development life cycle to meet the meaningful use and certified EHR requirements. This is the dramatic effect of meaningful use on EHR development.

PwC actually focuses on how meaningful use will encourage patient participation in their healthcare or “shared medical decision-making.” To be honest, I’m not sure meaningful use has done much to help this goal, yet(?). Possibly meaningful use stage 2 and meaningful use stage 3 will help to further these goals. MU stage 1 has done little to encourage this. Regardless of the impact of meaningful use, shared medical decision-making is going forward fast and furious.

HIPAA 5010 and ICD-10 – The interesting issue for 5010 and ICD-10 is that they’ve basically been overwhelmed by meaningful use and EHR incentive money. Either of these changes alone would have been a reasonable challenge for a normal year. However, clinical organizations are battling through 5010, ICD-10 and meaningful use all at the same time. Are there any other IT projects going on that don’t involved these three things? I’d say probably very few.

Electronic medical device reporting (eMDR) – I found this point quite interesting. There’s been a lot of movement in 2011 in regards to what constitutes a medical device and who should take care of tracking and collecting the adverse events that occur on these devices. I don’t think we’ve come to a final conclusion on what will be considered a medical device and how we’re going to deal with reporting adverse events, but finally getting electronic reporting of adverse events is a good step in the right direction.

Be sure to read the rest of my Health IT Top 10 as they’re posted.