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- Date Published
IBM acquisition of Merge Healthcare will spur new era of radiologyAugust 13, 2015Last week IBM announced the acquisition of Merge Healthcare, one of the largest suppliers of medical imaging IT and vendor neutral archiving (VNA) globally. IBM’s new and significant investment play into healthcare (following acquisition of Phytel Inc. and Explorys Inc. in the last year), is based on expanding the capability of IBM’s artificial intelligence (AI) platform ”Watson” to drive new diagnostic software for medical applications.
UK trial of wireless vital signs monitoring – new gimmick, or cost-cutting lifesaver?August 13, 2015With greater buzz around cost containment and clinical efficiency, technology that promises to improve both is gaining traction in the healthcare industry. Significant investment is being made to revolutionise the way in which vital patient data is collected during the patient’s treatment process. With high risks associated with a delay in detecting patient deterioration, focus to ensure that a patient is continuously monitored throughout treatment is increasing.
Digitalization of data & images driving demand for larger screensJune 02, 2015There is no doubt that healthcare IT solutions are a key talking point amongst healthcare providers and physicians alike. In the awakening of the economic decline and the increasing financial burden of healthcare expenditure, purchasers are seeking innovative technology to drive down costs. As the industry shifts towards preventative care, the use of healthcare information technology to aid diagnosis and to improve workflow is increasing.
Standardisation in the clinical medical devices marketMay 20, 2015Cost containment continues to underpin purchasing decisions in the medical device industry, and is increasingly shaping medical device procurement. Manufacturers are developing sales strategies to maximise this opportunity by offering bundling of products to increase cost-effectiveness. This, in turn, further drives market penetration, by allowing the sale of equipment that a healthcare provider may not previously have purchased from them.
High-acuity IT systems gaining priority to provide integrated careMay 12, 2015Healthcare providers are increasingly focusing on smarter ways to provide advanced healthcare while remaining cost efficient. With healthcare budgets highly scrutinized amidst the repercussions of the global economic recession, resources for new product acquisitions are limited, and products today need to show they provide both clinical and cost benefits to purchase. For their part, purchasers are seeking products that enable them to not only remain profitable, but also to make significant cost savings further down the line. As a consequence, there is increasing interest to implement IT software that will streamline the patient pathway and improve financial outcomes.
Clinical care devices need to get smartFebruary 10, 2015The damage brought by avoidable adverse events in the hospital setting is placing increasing strain on the financial resources of health providers—so much so, that new legislation is being implemented to ensure that such events are correctly documented for future reference. In the U.S., reimbursement of treatment cost is withheld from the provider if the treatment is provided due to the occurrence of an adverse event. Providers, therefore, are increasingly aware of the necessity to collect patient data to make sure that hospitals are adhering to reimbursement and reporting requirements.
Focus growing to detect deterioration in patient status; continuous monitoring increasesFebruary 10, 2015With increasing focus to improve patient outcomes and reduce costs, the importance of continuously monitoring patients throughout their treatment pathway in the hospital is growing.
Surgery moving to 4K displays, but how quick will uptake be?February 10, 2015As product innovations such as 4K resolution drive increased clarity of images, there is uncertainty as to how quickly the medical displays market will change.
X-ray In The Digital AgeFebruary 05, 2014As the relentless dawn of the “digital age” builds momentum, new opportunities for medical component suppliers are emerging. One area that is already embracing the new age is the $10 billion medical X-ray market, where digital X-ray systems have been on available for over a decade.