Health Information Exchange (HIE) is a rapidly growing technology that is revolutionizing the healthcare industry. HIE enables the sharing of patient medical records between healthcare providers and other organizations, allowing for more effective healthcare delivery and improved patient outcomes.
The global HIE market is expected to grow at a CAGR of 12.2% from 2020 to 2025, reaching a market size of $2.0 billion by 2025. This growth is driven by the increasing focus on patient care, demand for data-driven healthcare services, and the growing trend of healthcare digitization. HIE solutions are also being adopted by various healthcare organizations to improve the exchange of patient information, reduce costs, and improve the quality of healthcare services.
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The major players in the global HIE market include Allscripts, Cerner Corporation, Epic Systems Corporation, GE Healthcare, McKesson Corporation, Siemens Healthcare, and Infor. These companies are focused on providing innovative HIE solutions to healthcare providers to help them improve patient care, reduce costs, and streamline operations.
HIE solutions offer numerous benefits to healthcare providers, such as improved patient care, reduced costs, improved accuracy of medical records, and better patient outcomes. HIE solutions also help healthcare providers improve the quality of care, reduce medical errors, and increase patient safety. HIE solutions are also being used to facilitate the exchange of electronic health records (EHRs) and other health information, allowing for efficient and secure sharing of patient data across different healthcare settings.
Overall, the global HIE market is expected to continue to grow at a significant rate over the coming years, supported by the increasing demand for patient-centric care, the rising trend of healthcare digitization, and the growing focus on patient data sharing. Healthcare providers are increasingly adopting HIE solutions to facilitate the exchange of health information and improve the quality of care.
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Key Market Players
Some of the prominent players operating in the health information exchange market include Cerner Corporation (US), Allscripts Healthcare Solutions, Inc. (US), Health Catalyst (US), Intersystems Corporation (US), Epic Systems Corporation (US), MEDITECH (US).
EPIC SYSTEMS CORPORATION (US)
Epic Systems (US) held the leading position in the health information exchange market. The company is also one of the dominant players in the hospital EMR systems market, accounting for an estimated share of 28-30% of the acute care hospitals in US.
This research report categorizes the health information exchange market to forecast revenue and analyze trends in each of the following submarkets:
By Setup Type
- Private HIE
- Public HIE
By Implementation Model
- Hybrid Models
- Centralized Models
- Decentralized/Federated ModelsGastrointestinal Surgeries
By Type
- Directed Exchange
- Query-based Exchange
- Consumer-mediated Exchange
By Application
- Web Portal Development
- Workflow Management
- Secure Messaging
- Internal Interfacing
- Other Applications
By Solution
- Portal-centric Solutions
- Messaging-centric Solutions
- Platform-centric Solutions
By End User
- Healthcare Providers
- Healthcare Payers
- Pharmacies
By Region
- North America
- Europe
- Asia Pacific
- RoW
Recent Developments
- MEDITECH (US) entered into an agreement with Steward Health Care, wherein the latter implemented MEDITECH’s EHR system in 18 sites located across Arizona, Texas, Utah, Arkansas, and Louisiana. This decision was a part of Steward’s “One Platform” strategy to bring all 35 hospitals under a single HER
- Change Healthcare launched its nationwide Clinical Data Retrieval Solution, a new cloud-based interoperability solution that makes it possible for payers to quickly and easily retrieve patient records from the electronic health record (EHR) systems
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