Report Code: A07293 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Health Information Exchange Market
Request Now !Health information exchange (HIE) includes the digital storage of health-related information amidst the different bodies according to nationally recognized standards. Health information exchange directs to ease the access and recovery of clinical data to provide safer, efficient, effective, patient -centered care. It empowers cooperationamong healthcare contributors. It decreases the administrative work and provides great transparency in the field of healthcare. Health information exchange is a concept, and continuously changing technological advancements are driving the market in a positive way.
Health Information Exchange (HIE) allows the healthcare professionals like doctor,nurses and also patients to obtain and share the patient’s medical information digitally. The purpose of health information exchange is to help in gaining and retrieving clinical patient- based data in order to provide safe and effective information. Health Information Exchange helps in cooperating healthcare associateslike doctors,nurses, pharmacists and other healthcare contributors by reducing long, time consuming administrative work and provides data electronically. In the past few years, Health Information exchange has become a crucial part of the health information technology sectorasit provides easy accessregardingtransfer of required patient data and records.
COVID-19 scenario analysisÂ
With the outbreak of COVID-19 globally and the stipulated lockout, there is an ongoing downturn in the healthcare market. Aside from communities, COVID-19 was equally disastrous for major world economies, especially the healthcare sector. Prominent stakeholders are continuing to adapt their strategy to the rapidly changing situation. COVID-19 is projected to have significant long-term impacts on the healthcare industry. Countries and major players would have to undertake critical healthcare changes until the crisis takes a back seat.
Technological progress, cost containment and increased access will in the near future be an integral part of healthcare reforms. Digital health and telehealth have taken a front seat in the ongoing outbreak. COVID-19 re-emphasized the importance of remote diagnosis, care and consultation. Over the past few years, regulatory and behavioral barriers have slowed Telehealth growth. However, since many healthcare providers are currently working on video conferencing and telephone calls, this segment's growth will increase several folds over the next two years. The social distancing measures also mandated online consultation of patients with moderate symptoms. In addition, it greatly reduces the burden on hospitals already swamped by counts of COVID-19 patients. Medical IoT devices that live at home with patients are now being used for optimizing outpatient treatment and minimizing repeat visits, and these devices can be further used in a crisis situation. The pandemic led to severe resource constraints. This is expected to result in the development of competitive pricing and value-based pricing models, which will accelerate the Health Information Exchange Market growth in future.
Considering these factors, COVID- 19 is expected to have significant impact on Health Information Exchange market.
Surge in Usage of Health Information Exchange:
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Health Information Exchange Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Setup type |
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By Exchange type |
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By Implementation model |
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By Application |
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By End users |
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By Region |
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Key Market Players | Orion Health, Allscripts Healthcare Solutions Inc., NextGen Healthcare Information System, Cerner corporation, Medicity Inc., Open text Corporation |
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