The EMR war is going on and will intensify in the coming years. Vendors are becoming more and more aggressive and innovative to gain and keep their market share in the rapidly growing EHR market. This competition will ultimately benefit EMR users with better products in the long run. But in the short term it will eventually make the buying decisions harder.
Among recent products updates is one from
Praxis.
Praxis just announced a new EMR system that learns from the physician using it.
According to the company EMR templates reduce Physicians freedom of expression, as they are nothing more than a boilerplate developed by a third party or expert for inputting clinical data. The inflexibility of templates causes a series of problems during everyday use.
Praxis upcoming version 5 is using Neural Networks to overcome this inflexibility by letting the software adopt to Physician instead of expecting the other way around.
Being fanatic about Artificial Neural Networks (ANN) I would like to see them succeed!
General, Market, Technology, Vendors
ANN, Praxis
Quality Systems, the company behind NextGen product, just announced a 13% jump in profit and 22% increase in revenue.
The announcement said sales have recovered as health care providers have become more comfortable with the details of the American Recovery and Reinvestment Act of 2009, the federal government’s stimulus plan passed by Congress earlier this year.
As Steven Plochocki (CEO) put it: "there seems to be a heightened comfort level in purchasing decisions relating to electronic health records systems.
General, Market, Vendors
NextGen
I was surprised to see the average cost of a data breach exceeded $210 per compromised record, creating an opportunity for computer crime rings to traffic in stolen medical records, according to a study sponsored by LogLogic.
The study shows patients may be surrendering their privacy as the $2.5 trillion medical industry pushes to accelerate the pace of digitizing health information records, prompted by federal stimulus funding.
According to the report the new HIPAA rules will help improving
General, Market
HIPAA, Security
Seeking Alpha has a nice article describing the market potential in Healthcare IT
http://seekingalpha.com/article/159349-five-healthcare-information-technology-drivers
According to the article only 20% of doctors use computerized healthcare information system.
Seeking Alpha has a nice article describing the market potential in Healthcare IT:
According to the article only 20% of doctors use computerized healthcare information system!
Market
Market
Winners of the TEPR (Towards the Electronic Patient Record) Awards were announced this week at the annual Conference in Palm Springs, Calif.
In the personal health record system category, My HealthVet from the U.S. Department of Veterans Affairs took first honors. Second honors went to Metavente’s Health Manager and third honors to Doctations Inc.
In the hot products category first honors went to PrivacyLayer, RecruitSource and TrialsFinder from Private Access Inc. Second honors was a three-way tie: TapChart from ImageTrend Inc.; iChart EMR from Caretools Inc. and Doctations. The hot products are honored for bringing positive benefits or change to health care.
General, Market, Vendors
The New England Journal of Medicine recently published the results of a national survey of physicians and their attitudes about EHR.
Few interesting statistics of the survey are:
Only 1.5% of all US. Hospitals have full Electronic Records in place.
Four percent of physicians reported having an extensive, fully functional electronic-records system, and 13% reported having a basic system.
Physicians that have adopted are seeing the value in patient safety, operational effectiveness and cost.
General, Market
benefits
It is always good to see the market size in context of potential prospects.
According to Allscripts CEO, Glenn Tullman, there are 163,000 small-sized physician offices in the US, those with between one and three doctors.
Here is a summary of Mr. Tullman’s interview with CNBC:
http://www.cnbc.com/id/31569652
Market
Market, Vendors
