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Non-traditional EHR tech companies vying for stake in market

by John R. Fischer, Senior Reporter | June 20, 2018
Artificial Intelligence Health IT Telemedicine

Other endeavors on its radar are Microsoft 365 Huddle Solution Templates for the development of collaboration tools that drive quality and care outcomes; Project InnerEye for integration with TeraRecon and Intuitive Surgical; and Project Empower MD, a system that studies and learns the actions performed by physicians in different situations.

With 54 patents, Apple is working to add biometric data monitoring for blood pressure and body fat and algorithms for predicting irregular heart rates to its iPhone technology.

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Industry insights indicate that Amazon may also be vying for a stake in the EHR market and is working with a secret project team called 1492 on a variety of innovations, including the extraction and enhancement of the usefulness of EHR data; the development of a telemedicine arm for virtual doctor and patient consultations; and the addition of Alexa development skill into EHRs.

In addition, 1492 recently extended its existing Amazon products, Amazon Echo and the Dash Wand, for use in healthcare settings.

Carlson says the involvement of big tech players like Google or Apple can assist in overcoming a number of challenges associated with big data, such as access to, standardization, collection, and distribution of information, as well as its use in predictive analysis.

“It's a positive indicator for the EHR market and vendors in the market," he said. "Their involvement is indicative of the amount of spending in this market. More vendors and entrants boost a market. Big data can be used to identify behavior patterns in a patient or population and forecast outcomes. It remains to be seen, however, whether future systems from large tech players will build upon existing Epic or Cerner systems or have a system that works from A to Z.”

More than 55 key industry officials, consultants, healthcare providers, and government personnel were interviewed for this study. Additional interviews included marketing directors, division managers and product representatives.

The findings listed are based on primary and secondary research sources and were based on revenues for EHR systems; CPOE systems; and services such as installation, training, servicing and consultation. PACS and hardware were not included.

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