Tag Archives: ARRA

Good times ahead for healthcare IT vendors?

INPUT, a U.S. based market research and consulting firm with a focus on the public sector market, predicts that “the U.S. health IT market will experience ‘disruptive change’ as the American Recovery and Reinvestment Act and national health care legislation increase the need for innovative health care technology that also reduces costs”. In a press release announcing INPUT’s Health IT Transformation 2009-2014 (http://www.input.com/corp/press/detail.cfm?news=1430), the company notes that “Health care reform will continue to drive growth in critical health care IT segments such as EHR, health information/decision support systems and claims processing”.

Of particular interest is the significant change that INPUT predicts that ongoing health care reform initiatives will drive, including:

  1. The demand for IT systems that enable the federal government to transition from a “pay-for-service” to a “pay-for-performance” compensation model;
  2. A progression in health care standards, certifications and interoperability, which are key in facilitating the information sharing that is critical for cost savings;
  3. Advanced information security; and
  4. Evolution in the “medical home” regarding such things as mobile monitoring devices and telehealth.

While excitement regarding eHealth continues to grow in the US, the situation in Canada is much more subdued.  Everyone seems to be holding their breath waiting for the Ontario Auditor General’s report on the “eHealth Scandal”.  What do we need to do to regain momentum and get people focused on the possibilities rather the missteps?

Mike

Stock market seems to like eHealth

According to an iHealthBeat article (http://www.ihealthbeat.org/Articles/2009/9/14/Prospect-of-Stimulus-Funds-Helps-Drive-Up-Health-IT-Stock-Prices.aspx), “the promise of new funding has helped fuel recent growth in the market for health information systems”. The article notes that “Health IT stock prices increased by 30% during the first half of 2009, compared with a 2% gain by Standard & Poor’s 500 index and a 16% growth in the Nasdaq stock market, according to a July report by Healthcare Growth Partners”.

Amazing what senior political belief in the power of IT to help transform healthcare can do 🙂

Mike

Giving consumers an eHealth voice

As the U.S. moves aggressively to drive the adoption of healthcare IT, the Agency for Healthcare Research and Quality commissioned a project to explore whether consumers felt that they should have “a role in determining how health IT is designed and used”.  The final report of this project can be found at:

http://healthit.ahrq.gov/portal/server.pt/gateway/PTARGS_0_1248_888520_0_0_18/09-0081-EF.pdf

Through a series of focus groups across the United States, consumers expressed the following views:

  • “… participants were optimistic that health IT would benefit health care quality. They thought that computers may add efficiency to health care and reduce medical errors, such as those associated with illegible handwriting.”
  • “…some participants were concerned that health IT might make providers more impersonal, devoting more attention to the computer screen and less to the patient.”
  • “Privacy and security were the main concerns of a large majority of the participants. A substantial proportion felt that health care consumers owned their data and needed a role in ensuring that those data were secure and used only in ways that they authorized. The participants were concerned that hackers or other individuals might gain inappropriate access to patient data. They were also concerned that their data might be shared with persons who want to use the data for their own purposes, rather than to provide care.”
  • “The participants did tend to support the idea that health care consumers should be asked for their consent before their medical data are stored electronically. Many participants felt that consumers should be able to elect to leave their data in paper format. The participants tended to feel that each individual provider should ask each patient for permission to store the patient’s data electronically and to share the data with other providers. Patients should be able grant permission to one provider but deny it to others, in the opinion of many in the focus groups. In this way, the participants felt that health IT restrictions should be set individually for each consumer, rather than by general rules applied to all consumers.”
  • “The participants were divided on the issue of how electronically stored data could be used for medical research and for market research by pharmaceutical companies.”
  • “…there was a great deal of disagreement about the role of government. Some felt that government should not concern itself with health IT at all, saying that market forces should guide those decisions. Others thought that elected officials and government agencies would protect the interests of health care consumers.”

Supporting a key theme that I have been harping on for the past few months, “… public education about health IT is needed. The education might address how health IT will affect the experiences of all health care consumers. It might also show the public how patients and consumers can have an influence on how health IT is designed, implemented and/or used.”  I think that such education is part of larger eHealth leadership issue, one that we (in Canada) are not addressing in the current climate of eHealth spending concerns.   While we are getting better at engaging the clinical community, we still have a long way to go in engaging a critical important constituency … the people to whom care is provided!

Mike

eHealth market heating up?

It appears that the US eHealth market is heating up.

http://www.informationweek.com/blog/main/archives/2009/08/following_big_2.html;jsessionid=DWDZOB54TJ45XQE1GHRSKH4ATMY32JVN

Although 2008 was worst year in the past seven years for clinical information system sales, market research firm KLAS predicts that  “”Next year will be a boom year, and so will the next””.  This growth will be largely driven by financial incentives from the American Recovery and Reinvestment Act.

Mark, do you see any similar increase in eHealth sales in Canada?  What will be the impact of the $500M investment announced in the last budget for Infoway?  Will the eHealth “scandal” have an opposite impact to ARRA in the US?

Mike