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

Digital Health Company Murj Announces $4.5 Million in Financing
News | Implantable Cardiac Monitor (ICM)| April 19, 2017
Murj Inc., a digital health company that helps manage implantable cardiac device data, announced more than $4.5 million...
Siemens Healthineers Supports Population Health Management With Planned Acquisition of Medicalis
News | Clinical Decision Support| April 19, 2017
Siemens Healthineers plans to expand its Population Health Management (PHM) portfolio with the acquisition of Medicalis...

Physicians will need to use a CMS-certified appropriate use criteria (AUC) clinical decision support software that documents the appropriateness of an imaging order to receive full reimbursement for Medicare patients starting Jan. 1, 2018.

Feature | Cardiac Imaging| April 18, 2017 | Dave Fornell
As part of U.S. healthcare reform efforts, starting Jan.
Sponsored Content | Videos | Analytics Software| April 13, 2017
The shift to value-based payment models requires focused attention on quality and cost.
ECRI Institute, top 10 patient safety concerns, 2017 report, information technology, healthcare
News | Information Technology| March 24, 2017
Safe implementation of new technologies and therapies accompany classic patient safety challenges on ECRI Institute's “...
Philips, cardiology solutions, ACC.17, Azurion angiography system, iFR outcomes results, IntelliSpace Cardiovascular
News | Cardiac Imaging| March 24, 2017
At the 2017 American College of Cardiology's Annual Scientific Session & Expo (ACC.17), Philips showcased a broad...
Sponsored Content | Videos | Analytics Software| March 15, 2017
Pam Rush, RN, MS, clinical program director, cardiovascular service line, and Craig Strauss, M.D., MPH, medical direc
AI, deep learning, artificial intelligence, medical imaging, cardiology, echo AI, clinical decision support, echocardiography

An example of artificial intelligence from the start-up company Viz. The image shows how the AI software automatically reviews an echocardiogram, completes an automated left ventricular ejection fraction quantification and then presents the data side by side with the original cardiology report. The goal of the software is to augment clinicians and cardiologists by helping them speed workflow, act as a second set of eyes and aid clinical decision support.

Feature | Artificial Intelligence| March 10, 2017 | Dave Fornell
Artificial intelligence (AI) has captured the imagination and attention of doctors over the past couple years as seve
Sponsored Content | Videos | HIMSS| March 10, 2017
ITN Editor Dave Fornell takes a tour of some of the most innovative new technology that was displayed on the expo flo
Frost & Sullivan, Healthcare Industry Outlook 2017 analysis, information technology, healthcare IT
News | Information Technology| March 08, 2017
Despite global political uncertainties and a sluggish economic outlook for 2017, the global healthcare industry is set...
Overlay Init