Feature | November 14, 2013

Six Predictions for How IT Will Impact Healthcare in 2014

information technology electronic medical records cardiac pacs practice fusion
November 14, 2013 — As health IT leaders make their way to New York for the New York eHealth Collaborative (NYeC) Digital Health Conference, Practice Fusion, the nation's largest healthcare platform, is looking at the key healthcare trend from 2013 and predicts what they might mean looking forward. With the ongoing Meaningful Use incentive push for health technology and the recent difficulty of many vendors to deliver on new and upcoming requirements, it's looking to be a big year for upheaval in the health IT sector, according to Practice Fusion.
 
Key predictions for the new year include:
 
Health IT incentives are here to stay
The Meaningful Use program incentivizing doctors and hospitals to use electronic health records (EHR) technology to improve care has already paid out billions for successful implementations. Requirements will grow tougher in 2014 not just for providers, but also for vendors who may not be able to upgrade their products in time.
 
Many practices will switch their EHR solutions
As many EHR vendors struggle to meet Meaningful Use requirements and keep medical professionals satisfied with their solutions, the next year will see competition and consolidation across the market. One in three practices are already dissatisfied with their existing EHR, half of whom plan to switch in the next year. Among current Practice Fusion providers, one in four say they have switched from other EHRs.
 
Health care will become more networked 
Meaningful Use requirements demand that EHRs interface with labs, imaging centers, referrals and patients. For small practices maintaining their independence from hospitals, this will help give them the resources they need to thrive.
 
Billing will be easier in the cloud with ICD-10
With new billing code changes from ICD-9 to ICD-10 causing anxiety for providers, those equipped with flexible cloud-based systems will have more resources to make the change than those on paper or legacy EHR systems.
 
EMRs will power accountable care
A majority of doctors are now using EHR systems in their practices. The next few years will see those EHRs grow into more powerful clinical tools that will assist providers in improving outcomes. Cloud-based EHR vendors will be able to make these changes more rapidly.
 
Independent practices will emerge as the vanguard of innovation
With smaller teams and the ability to provide services like online housecalls, independent providers will soon be able to take advantage of lower-cost EHRs to provide more flexible and efficient services to patients.
 
"We're just seeing the start of how EHR will revolutionize the healthcare space," said Ryan Howard, CEO, Practice Fusion. "We anticipate that the hundreds of vendors in the space will consolidate to just dozens over the next year, resulting in tremendous opportunity to follow."
 
For more information: www.practicefusion.com

Related Content

CareSelect Declared Fully Qualified Clinical Decision Support Mechanism by CMS
News | Clinical Decision Support| July 18, 2017
National Decision Support Company announced the full qualification of its CareSelect Platform as a Qualified Clinical...
CMS Proposes Delaying Clinical Decision Support Documentation to 2019
News | Clinical Decision Support| July 14, 2017 | Jeff Zagoudis, Associate Editor
In a series of proposed rule changes to the Medicare Physician Fee Schedule (MPFS) released July 13, the Centers for...
European Heart Rhythm Association Launches Cardiac Arrest First Responder App
News | Mobile Devices| June 30, 2017
A novel smartphone application has been developed that can direct first responders to cardiac arrest victims more than...
Sponsored Content | Videos | Clinical Decision Support| June 29, 2017
Rami Doukky, M.D., system chair, Division of Cardiology, professor of medicine, Cook County Health and Hospitals Syst
Innovative Cardiovascular Ultrasound Solutions Showcased at ASE 28th Annual Scientific Sessions
News | Cardiovascular Ultrasound| June 01, 2017
June 1, 2017 — More than 50 companies and organizations will display their latest products and services at the Americ
MIM Software Inc. Announces Updates to MIM Encore
Technology | Remote Viewing Systems| May 31, 2017
MIM Software Inc. recently announced significant updates to its MIM Encore solution for viewing nuclear medicine images...
News | Enterprise Imaging| May 25, 2017
At the 2017 annual meeting of the Society for Imaging Informatics in Medicine (SIIM), June 1-3 in Pittsburgh, Konica...
Memorial Hospital of Gulfport used a McKesson, Change Healthcare, cardiovascular information system (CVIS) to improve workflow efficiency

Memorial Hospital has increased efficiency using a single cardiovascular information management database. 

Sponsored Content | Case Study | Cardiac PACS| May 23, 2017
Located along Mississippi’s Gulf Coast, Memorial Hospital at Gulfport is a nonprofit, 445-bed facility originally est
Partners HealthCare and GE Healthcare Launch 10-year Collaboration on Artificial Intelligence
News | Artificial Intelligence| May 17, 2017
May 17, 2017 — Partners HealthCare and GE Healthcare announced a 10-year collaboration to rapidly develop, validate a
News | Information Technology| May 11, 2017
McKesson Imaging & Workflow Solutions, an industry leader in providing healthcare IT and imaging solutions, is...
Overlay Init