HEALTHCARE INFORMATION TECHNOLOGY : -INTRODUCTION,BENEFITS,MARKET

INTRODUCTION

Healthcare information technology is one of the area in IT Which is totally focused on Heathcare industry.In resent Days IT is emerged as a very profitable solution for Healthcare industry.It has helped to improve quality, safety and efficiency of healthcare delivery by Designing, developing, Creating and maintaining the information system in a very cost effective manner. 

Various Automated and inter-operable healthcare information systems are low in cost but provide improved efficiency and less errors along with that provide better consumer care and services. Similarly it helps healthcare providers to collect, store, retrieve and transfer information electronically. 

Following are some major and consistent utilization of HIT:

1. Reduction of healthcare cost.
2. Improved and efficient healthcare services.
3. Increased and efficient healthcare productivity.
4. Prevent human errors, increased accuracy and procedural correctness.
5. Efficient administrative and healthcare work processes.
6. Vastly reduced paperwork and idle work time.
7. Improved and effective communication about health informatics among healthcare professionals.
8. Affordable healthcare.

Along with improved individual patient care, it will bring many public benefits, Such as:

1. Improved tracking of chronic disease management.
2. Early detection of infectious diseases.

Market of healthcare Information Technology

Due to all these benefits of HIT there is consistent rise in adoption of healthcare IT in Healthcare industry.

There are two Major segments of Healthcare IT :

1. Providers
2. Payers

The provider provide Various applications of clinical information system such as EHR,CVIS,CDSS, PACS, RIS, and CPOE to payers.HIT is the fastest growing market and highest revenue generated from above applications. Integrated EHR(electronic health record) is central component of the healthcare IT Infrastructure because it is fastest growing segment due to incentives offered to U.S. physicians who successfully meet the criteria of 'Meaningful Use' by 2015 and financial support provided by the HIPPA act.along with this various initiatives have been taken governments across the world to increase the adoption of EHR.

Following are the effective Government initiatives for adoption of EHR:-

1. the Pay-for-Performance program
2. the Minnesota EHR Incentive Program
3. the Health Information Technology Services Nova Scotia Program
4. the Alberta Net care EHR Program
5. e-health Ontario is an effective initiative

The another major segment in HIT is Cloud computing,it is emerged as a silver-lining model in HIT.

Following are the major pulse points about Cloud computing in HIT:-

1. management and migration of huge amount of data.
2. Cost Efficient.
3. anytime access from multiple mobile devices.
4.  high availability for large backup data storage.
5. Easy to use

There are  private cloud, public cloud, and hybrid cloud among these for HIT the best suited and HIPAA recommended cloud is public cloud.

The provider IT is further segmented into two that are:-

1. Clinical IT applications
2. Non-clinical IT applications 

Clinical IT applications includes:-

1. Hospital informatics :-EHR, PACS, CPOE, RIS, CDSS, and CVIS
2. Pharmacy informatics
3. Laboratory informatics

Non-clinical IT applications includes:-

1. Payroll
2. Patient billing
3. Revenue cycle management
4. Cost accounting
5. Others

HIT payer Segmented into :-

1. workflow
2. administrative 
3. other solutions

Key Market Player Of HIT:-

1. Cerner Corporation
2. Epic 
3. Carestream Health
4. Inc. 
5. McKesson Corporation 
6. Athenahealth, Inc. 
7. Siemens Healthcare 
8. Medical Information System, Inc.
9. Allscripts Healthcare Solutions, Inc.
10. GE Healthcare 
11. Agfa Healthcare
12. NextGen Healthcare Information System
13. LLC
14. Novarad Corporation 
15. Philips Healthcare 
16. Hewlett-Packard

According to markesandmarkets market research report the global HIT market is estimated to grow at a CAGR of 7.0% to reach $56.7 billion by 2017 from $40.4 billion in 2012 due to the significant demand for clinical information technology, administrative solutions, and services.

For More Details :-  http://www.marketsandmarkets.com/Market-Reports/healthcare-it-252.html