Events Calendar

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2014 OSEHRA Open Source Summit: Global Collaboration in Health IT
2014-09-03 - 2014-09-05    
8:00 am - 5:00 pm
OSEHRA is an alliance of corporations, agencies, and individuals dedicated to advancing the state of the art in open source electronic health record (EHR) systems [...]
Connected Health Summit
2014-09-04    
All Day
The inaugural Connected Health Summit: Engaging Consumers is the only event focused exclusively on the consumer-focused perspective of the fast-growing digital health/connected health market. The [...]
Health Impact MidWest
2014-09-08    
All Day
The HealthIMPACT Forum is where health system C-Suite Executives meet.  Designed by and for health system leaders like you, it provides an unmatched faculty of [...]
Simulation Summit 2014
2014-09-11    
All Day
Hilton Toronto Downtown | September 11 - 12, 2014 Meeting Location Hilton Toronto Downtown 145 Richmond Street West Toronto, Ontario, M5H 2L2, CANADA Tel: 416-869-3456 [...]
Webinar : EHR: Demand Results!
2014-09-11    
2:00 pm - 2:45 pm
09/11/14 | 2:00 - 2:45 PM ET If you are using an EHR, you deserve the best solution for your money. You need to demand [...]
Healthcare Electronic Point of Service: Automating Your Front Office
2014-09-11    
3:00 pm - 4:00 pm
09/11/14 | 3:00 - 4:00 PM ET Start capitalizing on customer convenience trends today! Today’s healthcare reimbursement models put a greater financial risk on healthcare [...]
e-Patient Connections 2014
2014-09-15    
All Day
e-Patient Connections 2014 Follow Us! @ePatCon2014 Join in the Conversation at #ePatCon The Internet, social media platforms and mobile health applications are enabling patients to take an [...]
Free Webinar - Don’t Be Denied: Avoiding Billing and Coding Errors
2014-09-16    
1:00 pm - 2:00 pm
Tuesday, September 16, 2014 1:00 PM Eastern / 10:00 AM Pacific   Stopping the denial on an individual claim is just the first step. Smart [...]
Health 2.0 Fall Conference 2014
2014-09-21    
12:00 am
We’re back in Santa Clara on September 21-24, 2014 and once again bringing together the best and brightest speakers, newest product demos, and top networking opportunities for [...]
Healthcare Analytics Summit 14
2014-09-24    
All Day
Transforming Healthcare Through Analytics Join top executives and professionals from around the U.S. for a memorable educational summit on the incredibly pressing topic of Healthcare [...]
AHIMA 2014 Convention
2014-09-27    
All Day
As the most extensive exposition in the industry, the AHIMA Convention and Exhibit attracts decision makers and influencers in HIM and HIT. Last year in [...]
2014 Annual Clinical Coding Meeting
2014-09-27    
12:00 am
Event Type: Meeting HIM Domain: Coding Classification and Reimbursement Continuing Education Units Available: 10 Location: San Diego, CA Venue: San Diego Convention Center Faculty: TBD [...]
AHIP National Conferences on Medicare & Medicaid
2014-09-28    
All Day
Balancing your organization’s short- and long-term needs as you navigate the changes in the Medicare and Medicaid programs can be challenging. AHIP’s National Conferences on Medicare [...]
A Behavioral Health Collision At The EHR Intersection
2014-09-30    
2:00 pm - 3:30 pm
Date/Time Date(s) - 09/30/2014 2:00 pm Hear Why Many Organizations Are Changing EHRs In Order To Remain Competitive In The New Value-Based Health Care Environment [...]
Meaningful Use and The Rise of the Portals
2014-10-02    
12:00 pm - 12:45 pm
Meaningful Use and The Rise of the Portals: Best Practices in Patient Engagement Thu, Oct 2, 2014 10:30 PM - 11:15 PM IST Join Meaningful [...]
Events on 2014-09-04
Connected Health Summit
4 Sep 14
San Diego
Events on 2014-09-08
Health Impact MidWest
8 Sep 14
Chicago
Events on 2014-09-15
e-Patient Connections 2014
15 Sep 14
New York
Events on 2014-09-21
Health 2.0 Fall Conference 2014
21 Sep 14
Santa Clara
Events on 2014-09-24
Healthcare Analytics Summit 14
24 Sep 14
Salt Lake City
Events on 2014-09-27
AHIMA 2014 Convention
27 Sep 14
San Diego
Events on 2014-09-28
Events on 2014-09-30
Events on 2014-10-02
Latest News

Digital transformation market in healthcare is projected to 13.7%

Future Market Insights (FMI) delivers key insights on the Global Digital Transformation Market in Healthcare in its latest report titled “Digital Transformation Market in Healthcare: Global Industry Analysis and Opportunity Assessment 2015 – 2025”. The global digital transformation market in healthcare is projected to register a healthy double-digit CAGR of 13.7% during the forecast period due to various factors, regarding which FMI offers vital insights in detail in its report.

On the basis of type, the market has been segmented into solutions and services. The solutions segment accounted for over 55% share of the global digital transformation market in healthcare in 2014, and is expected to register double-digit CAGR similar to that projected for the global digital transformation market in healthcare over the forecast period. The solutions segment is sub-segmented into connected electronic health record (EHR), connected billing, connected healthcare information system, CRM, ERP, collaboration tools and remote patient monitoring. Revenue contribution by connected healthcare information system sub-segment was 15.6% in 2014, and is projected to grow to 22.5% by the end of 2025, witnessing gain of 692 Basis Point Share and registering a double-digit CAGR of 16.1%.

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The services segment is sub-segmented into customer service, business process outsourcing (BPO), consulting and integration service. Business process outsourcing sub-segment is anticipated to witness highest CAGR of 16.6% during the forecast period. In contrast, integration services sub-segment is projected to dominate the services segment with 39.7% market share by the end of 2025.

Growth of the global digital transformation market in healthcare is mainly driven by increasing demand for cloud-based services, increasing per capita healthcare spending, growing ageing population and introduction of e-Health initiatives such as incentive programs by government. Additionally, healthcare organizations are focused towards providing customized healthcare apps for wearable fitness devices, which in turn is increasing demand for customer application services. These applications enable patients to access healthcare information through mobile and wearable devices. In early 2015 for example, Stanford Health Care launched Myhealth mobile app for patients. This app allows patients to access their respective records on EHR.

This report covers trends driving each segment and respective sub-segments and offers analysis and insights of the potential of the digital transformation market in healthcare in specific regions. By region, North America dominated the digital transformation market in healthcare with over 50% market share in 2014 and is anticipated to remain dominant by the end of 2025. This is attributed to advancements in digital technology and supportive government regulations and policies regarding digital transformation across the healthcare sector in the region. Healthcare organizations in major countries of North America such as the U.S. and Canada are focused towards adopting remote patient monitoring solutions, CRM solutions, healthcare information systems and other cloud-based solutions to enhance healthcare services. Western Europe and Asia Pacific Excluding Japan (APEJ) collectively accounted for over 34.6% of the overall digital transformation market in healthcare share in 2014. Among all the regions, APEJ is anticipated to register highest CAGR between 2015 and 2025, followed by Middle East & Africa, owing to proliferation of wearable and mobile devices and growing adoption of EHR within these region.

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Key players in the global digital transformation market in healthcare include IBM Corporation, Accenture PLC, AT&T Inc., CGI Group Inc., Syntel Inc. and Deloitte Consulting LLP. Strategic partnerships, collaborations and joint ventures are some of the major strategies followed by key players operating in the digital health market to outperform competitors.

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