Imprivata Healthcare News Watch 5/13

Welcome to this week’s Imprivata Healthcare News Watch!

Today, we’re following stories on the HIT market momentum, the measurability of the coming mobile revolution and the need for prioritization of physician engagement in the ICD-10 transition.

What are you reading today?

Global Healthcare IT Market Estimated to Reach $56.7B by 2017, FierceHealthIT - The global healthcare IT market is estimated to reach $56.7 billion by 2017--up from $40.4 billion in 2012--due to the demand for clinical information technology, administrative solutions and services, according to a new analysis by MarketsandMarkets. Primary reasons for growth, according to the report, include: The pressure to cut healthcare costs, demand to integrate healthcare systems, high rate of return on investment in healthcare systems and more. North America and Canada continue to command the highest share of the healthcare technology market, the report's authors noted, but the Asia-Pacific market is slated to grow the next most.

Mobile Health - The Revolution Will be Measurable, The Huffington Post - Billions of people worldwide are walking around with sophisticated scientific measurement instruments in their pockets ― although they may not realize it. It's their mobile devices, and they have the potential to dramatically change health care economics by performing high-quality biometric testing without trained personnel or bulky, expensive equipment. By replacing the over-engineered solutions of yesterday with simplified, user-oriented devices that run on or with consumer mobile devices, we can create diagnostics that empower patients to administer high-precision tests for eye care and many other conditions ― just as easily as they can use a thermometer or glucometer today.

Prioritize Physician Engagement in ICD-10 Transition, FierceHealthcare - The looming transition to ICD-10 continues to be burdensome for healthcare providers nationwide, so much so that some in Congress are calling for it to not be mandatory. However, according to Bonnie Cassidy, senior director of health information management innovation at Nuance, there are several steps that can be taken to ease the process. For example, Cassidy recently told Becker's Hospital Review, information managers in charge of leading such efforts must prioritize physician engagement from the get-go.