February 20, 2023

Health IT Product News Report February 2023

Original source here.

Allied Market Research reports that the global healthcare information technology (IT) market size was valued at $250,577.15 million in 2020, and is projected to reach $880,688.75 million by 2030, registering a CAGR of 13.3% from 2021 to 2030.

Data Bridge Market Research reports the market drivers and growth can be attributed to the increase in technological know-how, growing volume of patient data, and demand for quick and efficient healthcare processes and systems will help in driving the growth of the healthcare IT market. Increasing digitization in the healthcare industry and demand for value based care and rising cost of provision of healthcare services coupled with the increasing number of healthcare facilities will likely accelerate the growth of the healthcare IT market in the forecast period of 2020-2027.

Health IT

Cohere Health Introduces Cohere Unify™ Intelligent Prior Authorization
Cohere Health (@CohereHealth), a company in transformative prior authorization (PA) technology, introduced Cohere Unify™, a health plan software-as-a-service solution suite that automates prior authorization intake and decisioning using advanced analytics and AI/ML algorithms, to drive administrative efficiency while adding transformative capabilities to speed and improve patient outcomes.

Inovalon Adds All-Payer Claims Management Software to the PointClickCare Marketplace, Expanding Partnership
Inovalon (@InovalonInc), a provider of cloud-based software solutions empowering data-driven healthcare, announced the addition of its EASE All-Payer claims management solution to the PointClickCare Marketplace.

OncoHost Launches PROphet® NSCLC Test in the United States
OncoHost (@OncoHost), a precision diagnostics company centered on predictive biomarker development for improved patient care, announced the official launch of its PROphet® non-small cell lung cancer (NSCLC) Test in the United States.

Babson Diagnostics Unveils Brand Identity for Next-Generation Blood Testing
Babson Diagnostics (@babsondx), a science-first, health care technology company, announced BetterWay™ Blood Testing, the name of its new diagnostic blood testing service that is designed around the most important element of testing – the customer.

Solv Launches Final Mile Network, Enabling Handoff Between Virtual Care Navigators and Local In-Person Providers to Complete a Critical Path in the Care Continuum
Solv (@solvhealth) announced the launch of Solv Final Mile Network, the first solution to bridge the gap from online navigation and virtual care to in-person, local medical care across the country.