The virtual healthcare market is expected to reach revenues over $3.5 billion by 2022 with a CAGR of 49.8 percent during the forecast period, according to a recent report by Verify Markets. The report represent revenues generated by companies operating in the U.S. virtual healthcare market by mode of consultation (online visits to physicians through various modes of communication such as audio, video and kiosks). Core Virtual Healthcare Market SegmentsGrowth in the virtual healthcare market is
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NTT Data to Acquire Dell’s Perot Systems Unit for $3B
NTT Data Corp., a global provider of technology-enabled services and solutions has agreed to buy Dell’s Perot Systems Unit for $3.05 billion in an effort to expand its market presence in healthcare IT, insurance and financial services consulting. Formerly known as Perot Systems, Dell's IT services division is a major provider of technology consulting to hospitals and government departments. Founded in 1988 by former U.S. presidential candidate Ross Perot, it was acquired by Dell in 2009 for $3.9
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Report: Precision Medicine Market to Reach $88B by 2022
The global precision market is expected to reach to $88 billion by 2022 at an estimated CAGR of 12.60% from 2015 to 2022 with North America and Europe emerging as leaders, according to Global Precision Medicine Market -- Estimation & Forecast (2015-2022) report. This is led by President Obama's recent announcement to request $1B for fund the Cancer 'Moonshot' initiative for researchers to accelerate the development of new cancer detection and treatments. Presently, the main focus of the
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Dr. Soon-Shiong of NantWorks Talks Cancer Moonshots in Healthcare
In a recent StartUp Health Now podcast, Dr. Patrick Soon-Shiong, surgeon, medical researcher, businessman, philanthropist and professor, sits down with StartUp Health CMO, Dr. Howard Krein, to discuss his ambitious undertakings in reforming cancer treatments through immunotherapy, whole genome sequencing and the new cancer initiative, “Cancer Moonshot 2020.”
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NIH, ONC Launch Sync for Science Pilot: 5 Things to Know
This week, the National Institutes of Health (NIH) in collaboration with the Office of the National Coordinator for Health IT announced the launch of the Precision Medicine Initiative's (PMI) Sync 4 Science (S4S), a pilot program that will allow individuals to access their health data and send it to researchers. The pilot program will build off existing community standards and specification efforts (e.g., FHIR, SMART Health IT, Argonaut, CMS EHR Incentive Program) to support a key use case:
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Novant Health Becomes First Provider to be Revalidated for HIMSS Stage 7 Ambulatory Award
Novant Health is the first health system worldwide to be revalidated for the prestigious HIMSS Analytics Stage 7 Ambulatory Award for its adoption and use of an EHR. All Novant Health medical group clinics – approximately 440 locations – were revalidated as part of the award.
In July 2013, the organization finalized the implementation of the EHR in all physician clinics across the Novant Health system. The implementation was completed three years early and under budget. Novant Health
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Report: Patient Satisfaction Tanks After 20-Minute Doctor Wait Time
When it comes to waiting for a doctor’s appointment, most patients are waiting 19 minutes, 19 seconds – which is just good enough to keep patients happy with their service, according to Vitals 7th annual wait time report. The report finds positive reviews start to skew negative after patients are left waiting more than 20 minutes revealing the important correlation between wait time and patient satisfaction. For instance, 49 percent of patients who had a 15-minute wait rated their doctor
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Honor HomeCare Lands Partnership to License American Cancer Society’s Proprietary Care Guidance
Honor, a home care focused digital health startup has landed a partnership with the American Cancer Society to license it's proprietary care guidance. As part of the partnership, Honor Care Pros will be equipped with the American Cancer Society's information detailing how to deliver that care to their clients at home through the Honor Care Pro App. Launched in spring 2015, Honor is the home-care solution that helps older adults continue to live and age in their own homes with greater joy,
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Allscripts to Acquire Netsmart to Penetrate Post-Acute Market
Allscripts has announced a definitive agreement to combine resources with private equity firm GI Partners in a joint venture that will acquire privately held post-acute care EHR provider Netsmart Technologies, Inc. This transaction creates the largest technology company exclusively dedicated to human services and post-acute care. The joint venture will combine the Allscripts Homecare™ business, which serves more than 30,000 home health, private duty and hospice clinicians in the
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Senate & House Committee Leaders Demand Answers on 316 Security Breaches on HealthCare.gov
Republican committee leaders in the Senate and House today asked the administration for information about the 316 security breaches on HealthCare.gov catalogued in a new report released by the nonpartisan government watchdog, the Government Accountability Office (GAO). Between October 2013 to March 2015, HealthCare.gov had 316 security incidents, including 41 which involved personally identifiable information.
The GAO reported that HHS does not have complete records of how many people these
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