Global Healthcare Interoperability Market to 2024: Entry of Apple, Microsoft, Salesforce, Oracle to Improve Patient Data Accessibility on Behalf of Major Payers, Providers, and Governments

PR Newswire

DUBLIN, Oct. 29, 2020 /PRNewswire/ -- The "Global Healthcare Interoperability Market, 2019-2024" report has been added to ResearchAndMarkets.com's offering.

Interoperability has become a critical consideration for all health IT applications. Globally, major healthcare stakeholders acknowledge the need to invest in digital infrastructure capabilities that facilitate cross-continuum patient information exchange and support evidence-based care, at scale.

Regulatory agencies are also embracing forward-thinking policies that advocate the need for major health IT vendors to become fully interoperable with each other. The objective is to drive a progressive digital healthcare approach, one that is standardized, collaborative, and multi-disciplinary, yet modular and API based.

Not everyone, however, is technically mature to make that approach a reality. Market-leading companies (HIT vendors and hospitals) in the US are expected to not comply with CMS' 21st Century Cures Act, which provisions for safe and secure transfer of patient data across the care continuum, because of threats that range from breach of patient privacy to the overwhelming cost of commitment and significant penalties.

Countries, where HIT interoperability standards are equally important and regulated, are projected to drive the market along with the US, driven by the entry of enterprise ICT companies (Apple, Microsoft, Salesforce, Oracle) that promise to improve patient data accessibility across the globe on behalf of major payers, providers, and government agencies.

In the future, data interoperability between revenue cycle management (RCM), Electronic Medical Record (EMR), wearables, imaging, and supply chain IT solutions will mark a new era of holistic population health management. As a result, the population health management market, coupled with the social determinant of the health market, will continue to drive global market revenue in favor of healthcare interoperability solutions. Additionally, quality performance management during and post-care will be the most important investment area for payers, providers, and government agencies.

Data analytics and data interoperability solutions will be mainly utilized for purposes that serve the broader objective of value-based care, which is to report quality outcomes across the care continuum near real-time. More importantly, the healthcare interoperability market will be primarily driven in the future by progressive healthcare stakeholders that are currently harnessing the power of AI technologies to support interdisciplinary treatment decisions across multiple disparate healthcare departments across the care continuum.

Key Topics Covered:

Executive Summary

Key Findings - Global Market Forces
Key Findings - Global Market Financials
Key Findings - Select Vendor Examples
Scope and Segmentation
Key Questions this Study will Answer
Market Engineering Measurements
CEO’s Perspective
Executive Summary - 3 Big Predictions

Market Overview

Growth Opportunities Resulting from Broader Industry Convergence
Introduction
Market Segmentation
Market Distribution Channels
Market Distribution Channels Discussion

Drivers and Restraints

Impact of Healthcare Industry Mega Trends on the Digital Health Interoperability Market
Mega Trend Impact on the Interoperability Market
Market Drivers
Market Restraints

Revenue Forecasts and Trends - Total Healthcare Interoperability Market