Health Information Exchange Market 2022
The Health Information Exchange Infrastructure is developed for inter-provider data distribution and sharing, and to support the sharing of health information records systems among providers in different geographic regions of the country. The Health Information Exchange facilitates the sharing of data between providers and health systems via the National Health Information Exchange Network.
HIMSS is actively involved in the development of health information exchange, and HIMSS also provides a wide range of tools and statistical resources for health information exchange professionals around the world. Health information exchange enables doctors, nurses, pharmacists, healthcare providers, and patients to access and share important healthcare information accurately and safely through a rapid, safe, and quality exchange of healthcare.
Although medical information exchange is widespread, the greatest amount of medical information is stored on paper. This sharing of medical information is done by fax, email, or by the patient themselves.
Medical information exchange cannot replace patient-provider communication, but it can certainly enhance the integrity of patient records, including patient history, current medications, and other health-related information. increase. Timely sharing of critical patient information helps decision-making during times of crisis.
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Transfer of patient information through the Medical Information Exchange avoids readmissions. Medication errors improve diagnosis and reduce duplicate testing. For example, when laboratory results are captured electronically through a medical information exchange and incorporated into a provider’s electronic health record, a list of patients is directly generated and the provider schedules necessary follow-ups with patients and appointments regarding medications. can be arranged.
The medical information exchange market ultimately has many driving factors. Decentralized care and increasing incidence of cardiac arrest will strengthen the medical information exchange market.
The medical information exchange market is increasing due to its utility in emergency cases where physicians need to know the patient’s medical history and medications to initiate new treatments for new observed illnesses. A restraining factor in the medical information exchange market could be data breaches.
Data breaches in health information exchange can be dangerous because anyone can get the data and it can be misused. The health information exchange market is not available in all hospitals and clinical laboratories, so it is not available in all hospitals.
A major opportunity in the medical information exchange market is its ability to integrate with various operating systems in hospitals, laboratories, and clinics. A medical information exchange system can be integrated with revenue cycle management and core management. Advanced technology can pose a threat to the medical information exchange market.
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Health Information Exchange Market: Segmentation
| Based on product type |
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| Based on end user |
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| Based on setup |
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| Based on the implementation model |
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| Based on the application |
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| Based on the solution |
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| based on region |
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North America has the largest market share in the medical information exchange market, followed by Europe and Asia Pacific. The growing share of the medical information exchange market in North America is attributed to the growing number of accountable medical institutions to expand their medical facilities in the United States and Canada. Moreover, the medical information exchange market in the Asia-Pacific region is projected to grow at the highest growth rate. AllscriptsHealthcare Solutions, Inc. (US), Infor, Inc. (US), Cerner Corporation (US), NextGen Healthcare Information Systems, Covisint Corporation (US), RelayHealth Corporation (US), Optum, Inc. (US), Epic Corporation Inc. (USA), Orion Health (New Zealand) and eClinicalWorks (USA) are among the major players in the global medical information exchange market.
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