Health Information Exchange | Increasing Investmen

by Sasha Sharma Industry Analyst | Blogger

Health information exchange (HIE) involves the electronic movement of health-related information among organizations according to nationally recognized standards.

Recommended Features

Strong Government Support and Initiatives
Increased Measures to Improve Healthcare Quality and Care Coordination Likely to Trigger HIE Adoption
Need to Curtail Healthcare Costs
HIE enables collaboration between healthcare stakeholders
consumer-mediated exchange

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Review on Health Information Exchange | Increasing Investmen

The health information exchange market is projected to reach USD 1,545.0 million by 2020 from USD 990.6 million in 2015, at a CAGR of 9.3% during the forecast period.

Federal mandates like Meaningful use, growing patient-centric approach in healthcare delivery, increasing EHR adoption rate, and need to curtail healthcare cost are some of the key factors driving the growth of market.

Well-organized electronic interfacing is essential for healthcare data management to simplify workflow. Over the years, the demand for interfacing internal applications has been increasing due to rising need of streamlining workflow and reducing healthcare costs by eliminating medication errors