EHR Market Is Evolving As Health IT Companies Make Big Changes
Through large investments, new partnerships and continues innovations, the EHR Market has definitely seen a huge growth spurt. Allscripts has acquired several smaller EHR companies, athenahealth is still holding its ground against potential acquisitions, Cerner is continuing to expand into the public sector through securing huge deal with VA, and prominent tech giants such as Apple, Google & Amazon are all looking to move onto the Health IT landscape. With the year only half way through, the EHR Market is positioned to continue this rapid advancement.
Data Breaches To Healthcare Are At Highest Cost Rate Of Any Industry
Exposing private data isn’t the only concern a data breach to the healthcare industry entails. According to the IBM & Ponemon Institute 2018 Cost of a Data Breach Report, healthcare data breaches average $408 per record, which is nearly 3 times higher than any other industry. This high cost factor is attributed to recovery & investigations, notifications of breach, legal aid and, most costly, lost business and reputation.
CMS Presents New Program To Promote Telehealth For Medicare Patients
CMS is looking to modernize Medicare through their latest program, which incentivizes providers to utilize mobile health technology through reimbursement. Under the proposal, CMS will cover virtual check-in services and remote evaluation, allowing patient concerns to be resolved in a convenient and timely manner & providers to spend more time with patients.