The digital health space refers to the integration of technology and health care services to improve the overall quality of health care delivery. It encompasses a wide range of innovative and emerging technologies such as wearables, telehealth, artificial intelligence, mobile health, and electronic health records (EHRs). The digital health space offers numerous benefits such as improved patient outcomes, increased access to health care, reduced costs, and improved communication and collaboration between patients and health care providers. For example, patients can now monitor their vital signs such as blood pressure and glucose levels from home using wearable devices and share the data with their doctors in real-time. Telehealth technology allows patients to consult with their health care providers remotely without having to travel to the hospital, making health care more accessible, particularly in remote or rural areas. Artificial intelligence can be used to analyze vast amounts of patient data to identify patterns, predict outcomes, and provide personalized treatment recommendations. Overall, the digital health space is rapidly evolving, and the integration of technology in health

Tuesday, November 24, 2015

When is HIT spending enough to outdistance increased Revenues ?

Report: Health Care IT Payer Outsourcing Market To Increase by 40%

In the never ending race to become more efficient, reduce labor cost and become more competitive, have we reached the point of negative gain ?

, iHealthBeat, Tuesday, November 24, 2015
The market for health care IT payer outsourcing is projected to increase by 40% over the next two years, according to a new Black Book report, FierceHealthPayer reports (Moody, FierceHealthPayer, 11/23).

Report Details, Findings  

For the report, researchers surveyed 829 health plan IT outsourcing users from the second quarter of 2015 to Q4 2015 (Black Book release, 11/20).
The researchers attributed the projected growth in outsourcing to:
  • Software tools that have accelerated expenses faster than initially expected; and
  • Revenue increases (FierceHealthPayer, 11/23).
The report found health insurers in 2016 plan to increase their spending on outsourcing by at least 20% for certain service models and functions, such as:
  • Application support;
  • Desktop support; and
  • Help desk support.
In addition, about 80% of larger health plans could start outsourcing desktop support and help desk support with the next year, according to the report.
However, the researchers found that less than 10% of health plan IT executives have considered full or end-to-end outsourcing in part because of data security concerns (Black Book release, 11/20). Black Book noted that, as of January, about three-quarters of health plans surveyed were cautious about major outsourcing initiatives (FierceHealthPayer, 11/23).
The report authors wrote, "With concerns over hostile offshore locations and escalating health data security and privacy issues, fewer payers are entertaining having a third party overseas corporation between them and their IT nervous systems in 2016" (Black Book release, 11/20).
Meanwhile, the report also found that demand for big data and analytics to support population health initiatives will increase because of health plans' investment in:
  • Consumer-facing mobile applications;
  • Remote health monitoring; and
  • Virtual care (FierceHealthPayer, 11/23).
Source: iHealthBeat, Tuesday, November 24, 2015
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)