Market for EMRs pegged at $1.6 billion by 2013 http://ping.fm/WrpmS
NEW YORK – The market for electronic medical record data transfer equipment and applications, valued at $575 million in 2008, is forecast to reach $1.6 billion in 2013, according to a study by research firm Kalorama Information.
Driven by the growing use of EMRs in hospitals and physician offices, this segment of the patient monitoring market will grow 23.3 percent annually through 2013, notes the report, "High-Tech Patient Monitoring Systems Markets (Remote and Wireless Systems, Data Processing, EMR Data Transfer)."
Increased use of EMRs and high-tech patient monitoring systems is a key piece of President Barack Obama's plan to fix the ailing healthcare system, the report notes, because they have the potential to improve patient outcomes and satisfaction, provide cost savings and more efficient use of healthcare resources and reduce hospitalizations.
Thursday, June 4, 2009
Market for EMRs pegged at $1.6 billion by 2013
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Thursday, June 04, 2009
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Labels: electronic health records, electronic medical records, EMRs
HCI addresses fraud, other health care cost issues - AHIP
While at the San Diego AHIP conference we interviewed HCI Insight, a company that promises to reduce the cost of health care by addressing fraud. HCI's loss calculators indicate that a health insurance firm with 3,000,000 (3 million) lives insured stands to lose $381 million over a specified period of time, and their solution is designed to address this issue, according to HCI executives.
We'll post our video interview in an update to this blog later today.
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Thursday, June 04, 2009
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Labels: AHIP, America's Health Insurance Plans, health care, health insurance fraud, San Diego
Protests outside AHIP Conference, San Diego
Today while entering the AHIP conference we encountered demonstrators who want the health care industry to change. We intereviewed Kathy Rallings, an employe at California Techers Association. The people *inside* the conference were a bit more subdued in their approach, but we believe that both the demonstrators and those exhibiting inside the conference are interested in improving health care. See our blog and twitter enteries (www.twitter.com/marrigo) for a balance of perspectives from both groups.
Click the play button below to view this video.
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Mike Arrigo
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Thursday, June 04, 2009
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Labels: AHIP, America's Health Insurance Plans, health care
AHIP Day One - Passion in the Streets
Fresh blog from the floor of AHIP San Diego. AHIP (America's Health Insurance Plans) is having their annual meeting in San Diego this week. Here is a recap of June 3, 2009 the first day.
Last year at AHIP, health care reform was discussed, but most political commentators didn't think much would happen: there was interest, but not passion. This year the passion has spilled onto the streets.
January 2009, the OMB made a statement that has remained at the center of where we are today- we cannot fix the economy unless we fix health care.
Of the significant debt we are now assuming with the new budget- $35 trillion of that debt is Medicare. We can't fix the economy if we don't fix health care.
One vendor’s health care reform includes four components developed sequentially. First is establishing a solid health information technology structure that we don't have today. Second is focusing more intently on comparative effectiveness and evidence-based service delivery, third is coordinating care, and fourth is consumerism. All of these components are being discussed. Will we have time execute sequentially as opposed to combining these into a parallel path? The group estimated that this would take six to ten years to put the model in place, but do we have the time?
At a completely different end of the spectrum, there are also protests being organized, to show the angst developing in the industry. Nurses from the California Nurses Association and allies from groups like Physicians for a National Health Program and Progressive Democrats of America will be there to greet health plan executives. Their tone is extremely hostile in some cases, calling the insurance industry some surprisingly caustic names.
Our view: HIPAA standards promise to improve health care, but we cannot wait. Embracing the standard, technology, people and process must proceed briskly. This is a challenge as member premiums have declined with unemployment ranks rising. Click here four our recent update: mentoring health payers and providers on how to embrace HIPAA standards and improve process.
The exhibit hall is smaller this year given budget constraints. However, we will spend more time there on day two.
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Thursday, June 04, 2009
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Labels: AHIP, health care, health care reform, San Diego
Friday, May 29, 2009
Coordinated Health Care & Evidence Based Medicine, Aided by Social Media
"3.) Encouraging coordinated care, both in the public and private sectors, and adherence to evidence-based best practices and therapies that reduce hospitalization, manage chronic disease more efficiently and effectively, and implement proven clinical prevention strategies.
"Coordinated care" seems to suggest integration of clinical care by hospitals and doctors. If bundling requires doctors and hospitals to knock heads over submitting a single bill, integration requires doctors and hospitals to knock heads over how the patient will be cared for. "You have to grow both organically side by side," Reinhardt says. A good start, he added, would be getting the pediatrician, obstetrician, and gynecologist to develop a common plan for an individual childbirth; medical procedures don't come much more straightforward than the delivery of babies. "Evidence-based best practices and therapies" refers to compiling national statistics about which clinical approaches work best and then putting some pressure on physicians and hospitals to follow them. It's very difficult to know in advance what the budgetary impact of this information would be. In a recent article in the Annals of Internal Medicine, Theodore Marmor, Jonathan Oberlander, and Joseph White wrote, "Although comparative effectiveness research may provide useful information about the clinical effectiveness and costs of medical treatment options, that information is not guaranteed to lead to significant cost savings." The Congressional Budget Office calculates that between the new money spent on research and the savings derived from better information about what works and what doesn't, the net five-year cost to the federal government would be $490 million over five years. Total health care spending—public and private—the CBO says, would be reduced by $8 billion over 10 years. The CBO doesn't have a five-year number, so we'll slice that one in half."
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Mike Arrigo
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Friday, May 29, 2009
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Labels: Coordinated care, evidence based medicine, secure social media, social media
Thursday, May 28, 2009
Healthcare Business Models: Mayo Model Losing to McAllen?
An article in the New Yorker asks: Why does the border town of McAllen, Texas, spend more er person—an average Medicare enrollee there costs $15,000 per year—on health care than any U.S. city besides Miami? The author blames "across-the-board overuse of medicine," which stems from the fact that our health care system "pay[s] doctors for quantity, not quality." This overuse isn't just expensive—it's less effective. "In an odd way, this news is reassuring," the author notes: Providing better health care will also save money.
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Thursday, May 28, 2009
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Labels: health care, health insurance, Mayo Clinic, Medicare
Wednesday, May 20, 2009
Do Schools Kill Creativity? How do we apply creative thought in business and process improvement?
How will education play out in the future given the use of technology and information sharing? Children starting school in 2006 will be retiring in 2065. We aren't sure what the world will be like in five years, so how do we educate students to innovate as the world changes?
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Wednesday, May 20, 2009
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Labels: education, Innovation
Wednesday, April 15, 2009
Business Process Management Helps Companies Work Smart and Fast
BALTIMORE – The economic decline is continuing to pummel hospitals in the form of reduction of reimbursements, rise of uninsured patients and decrease in number of elective procedures for insured patients.
In this environment of balancing shrinking budgets, staff reductions and patient safety, hospitals are more open to generating efficiencies using IT. Process improvement is a good investment in times when companies need to improve efficiency.
According to an article in Heath Care IT News, "Streamlining administrative processes while continuing to invest in patient care is not mutually exclusive. Business process management, or BPM, can provide a clear view of processes across all systems, including billing, accounting and other legacy systems. "The end goal is to improve business processes running on software, doing things in the smartest and fastest ways, which automates processes, reduces resources and increases accuracy.
An additional benefit of implementing BPM is being able to document and track data in real time, which improves the process for compliance certification and audits."
By using IT to help their businesses fix process issues, C-level hospital executives can "step up and be the champions," especially in this economic environment.
No World Borders' team of BPM experts have cross-industry and cross-technology experience to help your company improve operating efficiencies, reduce cost, and improve process.
http://tinyurl.com/ceehq7
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Wednesday, April 15, 2009
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Labels: BPM, business process modeling, cost reduction, cost savings, efficiency, health care, hospital, Innovation, medical, process automation, process improvement
Wednesday, April 1, 2009
Process Excellence - Cost Savings and ROI in Health Care
According to a new Association for Information and Image Management (“AIIM”) of Silver Spring, MD study, the enterprise is not taking maximum advantage of business process management concepts.
Surprisingly, only 3% of companies felt that they had achieved "process excellence." AIIM Vice President and report co-author, Carl Frappaolo states: “This is disappointing ... Despite decades of market attention on process excellence—from the manufacturing industry, into the world of “knowledge workers”, and across all industries—it’s been a long, slow journey, and many have yet to embark on the journey. The damage lies in the fact that processes are the core of any functioning organization.”
Some of the benefits of process excellence initiatives include:
- Customer retention and satisfaction, as well as better competitive advantage are directly linked to use of business-process management practices.
- ROI via change. According to Tower Group, business that make changes based on Business Process Modeling (BPM), will see visible ROI from improved and faster operations, better employee productivity, and the ability to reach strategic objectives.
- Efficiency gains by mapping and gapping. Simply mapping and closing the process gaps between current practices and those desired can provide 30% of the operational efficiency that a company gains through the BPM initiative.
Important ingredients for operational efficiency include:
- Business and IT Alignment – Business, technology, strategies, and resources must be aligned to achieve results.
- Best-Practices Measurement – Metrics, methods, and frameworks to help you know that change management is helping to achieve business goals.
- Process Change and Innovation – Enabling the transition up the ladder of competency to CMM, ITIL or other measures fundamentally means working with people and helping them see a better way to work..
- Extending Intellectual Capital – Intellectual capital is the real wealth of organizations and this is the bottom line with Business Process Modeling (BPM) - managing people more effectively for Organizational Excellence.
- Management's commitment and leadership are key drivers for successful BPM. Technology can't replace this.
Resources:
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Wednesday, April 01, 2009
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Labels: BPM, business process modeling, Innovation
