As the digital health market continues to expand—projected to grow from nearly $250 billion in 2023 to over $815 billion by 2030—it’s essential to reassess how we measure its success. The prevailing focus on ROI has driven much of this sector's growth. In fact, a recent survey revealed that 94% of investors prioritize ROI over clinical evidence when evaluating digital health tools. The data backs it up; 82% of healthcare and life sciences companies note significant or moderate revenue increases
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Unlocking Real-World Data to Advance Precision Medicine in 2025
The healthcare industry is a wellspring of data, from electronic health records to data from wearables, health insurance claims, and a multitude of real-world data (RWD) points. While RWD has been utilized to improve drug discovery and clinical services, recent technological advances in data management, artificial intelligence, and bioinformatics are beginning to reveal its transformative potential in healthcare, especially within precision medicine. As the industry seeks to employ new
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The Future of Healthcare: AI-Powered Patient Experiences
As the AI market in healthcare soars to a projected $187.95 billion by 2030, the transformative impact of technology on patient care becomes increasingly evident. AI is at the forefront of revolutionizing healthcare, blending data analytics, user-centric innovations, and advanced technology to reshape traditional health management and personalize the patient experience. This rapid evolution underscores a critical shift in healthcare dynamics by creating a patient experience that mirrors what
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Why Specialty Practices Need an EHR Designed Just for Them
Healthcare has never been more complex than it is today. There has been a rapid expansion of medical treatment options, increasingly stringent regulatory requirements, and an ever-evolving landscape of medical coding, billing, and reimbursement. The burden of navigating this complexity has shifted significantly—and, some may argue, unfairly—onto medical providers. This shift has led to widespread dissatisfaction across specialties.
As the demands on physicians increase, so does the need
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5 Key Strategies to Maximize Savings in Healthcare IT
In recent years, the healthcare industry has increasingly emphasized the importance of controlling costs, minimizing waste, and enhancing care outcomes. This focus is particularly urgent in California, where new legislation mandates state healthcare providers to limit spending growth to 3.5% in 2025 and 3% by 2029. The goal is to implement spending caps on hospitals, physician groups, and health insurers, with the expectation that these savings will ultimately benefit consumers.
California
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Medicaid & Health Equity: Addressing Disparities in Maternal and Mental Health
Recent advancements in healthcare, such as telemedicine, automation, and clinical studies, have propelled the industry forward, unleashing new possibilities for fostering better patient outcomes. While many are lucky enough to reap the rewards of new research and technology, critical communities are being left behind.
The Medicaid population, who typically benefits from progress last, still grapples with harmful biases within the healthcare system that pose extreme barriers to care. A new
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Healthcare Cybersecurity: Fending Off The Rise of Cyberattacks
Organizations in the healthcare sector face particularly acute cyber threats. They confront unique risks due to a range of factors — from the huge amount of sensitive data they store to the perception that they are lucrative targets for ransomware gangs. Cybercriminals recognize that there are many vulnerabilities in the healthcare sector, which has led to a surge in cyberattacks.
Data breaches and other cyberattacks on healthcare organizations aren’t just capable of inflicting a severe
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Payment Integrity in Healthcare: Challenges and Solutions
Whether you work in healthcare or are just a patient who has interacted with the healthcare system, it shouldn't surprise you to read that healthcare costs have been going up and are expected to continue to do so into 2025 burdening all stakeholders. Despite the obvious need to cut wasted healthcare spending, research suggests that the industry as a whole isn’t very good at it, with administrative spending being one of the biggest culprits. One study found that nearly one-third of excess U.S.
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Home Monitoring Programs: Extending Care Beyond the Hospital
Electronic Medical Records (EMRs) have been firmly established in every health setting for more than a decade, yet they continue to be a source of frustration for most users. Physicians are plagued by the never-ending task of entering data into EMRs, without seeing a meaningful impact on practice efficiency or the health outcomes of their patients.
This problem is not unique to Phoenix Children’s; it is a widespread issue that many, if not most, health systems face even today. Acknowledging
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AI Against Cancer: Capabilities and Limitations for Early Detection and Treatment Planning
The American Cancer Society predicted 2 million new cancer cases in the US alone in 2024, which amounts to roughly 5,480 diagnoses every day. What makes matters worse is that the pandemic delayed care for more than 75% of cancer patients. Unsurprisingly, healthcare providers are turning to new technologies like AI in search of solutions. To gauge the magnitude of this trend, consider this: as of August 7, 2024, 950 AI/ML-enabled medical devices have received clearance from the FDA, with 76% of
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