Blog

Opportunity Among Clinical System Technologies

October 17, 2019 BY Carisa McLaughlin

Since the federal mandate in 2014, the gradual increase of electronic health record (EHR) adoption in hospitals and clinics across care settings and specialties have fostered a healthy amount of diversity in the inpatient EHR market.

While a few enterprise EHR vendors continue to dominate the industry, small and specialty vendors can still hold their own. In a recent report on 7,944 U.S. hospitals from Definitive Healthcare, nearly 72 percent of U.S. hospitals report at least one implementation of the following clinical system technologies:

What is Specialty Rx?

October 17, 2019 BY Alanna Moriarty

Specialty pharmaceuticals (or specialty Rx) is defined in a variety of ways – not all of which are helpful in understanding this new and complex field.

Many of the specialty Rx products on the market right now exist in the oncology space, but many specialty pharmaceuticals also address chronic illnesses and rare diseases. Generally speaking, specialty pharmaceutical drugs are widely accepted to contain four or more of the following traits:

GPOs and the Changing Healthcare Market

October 17, 2019 BY Rachel Grande

In an industry transitioning from fee-for-service into value-based payment models, hospitals and health systems have a renewed focus on maximizing performance while minimizing care costs. Group Purchasing Organizations (GPOs) are the agents that healthcare providers most often use to realize savings on one of their greatest expenses: supply chain costs.

3 Surprising Ways Healthcare is Using AI

October 10, 2019 BY Tory Waldron

Providers, pharmaceutical and medical device companies, payors, and consumers are all preparing for deeper integration of artificial intelligence (AI) and machine learning into their processes.

Artificial Intelligence is a buzzword across the healthcare industry, and for a good reason. With an explosion of data in our society, 2.5 quintillion bytes of data generated each day, there is an increasing need to move toward parsing through what's actually important and utilizing the data effectively. In healthcare, data analysis can help decrease costs, improve care, streamline processes, improve patient outcomes, and predict population health trends. 

Can MedTech Keep up with ASC Expansion?

October 3, 2019 BY Alanna Moriarty

The shift from inpatient to outpatient care centers has been well-documented over the last few years. Ambulatory surgery centers (ASCs) are often the focal point in this trend, situated at the sweet intersection of cost and convenience, pulling attention from hospital outpatient centers.

Traditionally, acute care hospitals have dominated the surgical arena, the exclusive providers of procedures like total knee replacements and cardiac catheterization – and therefore holding the focus of medical technology (medtech) suppliers.