Healthcare electronic data interchange (EDI) facilitates
the exchange of healthcare data which is processed using computer software in a
standardized format. Healthcare industry processes a large number of documents
such as medical records of patients, healthcare claims, and reimbursement
records. Healthcare EDI helps in the exchange of this information among
healthcare institutions, healthcare professionals, and patients. The use of healthcare
EDI increases accuracy, improves productivity, helps in faster identification
of errors, consumes less time, secures exchange of information and leads to
ease of work for the healthcare providers, healthcare payers, and pharmacies.
Healthcare EDI finds application in insurance and reimbursement data management,
clinical trials and regulatory data management, and medical and dental patient
database management. They key players such as Dell Technologies Inc. are
prompting the growth of the global healthcare EDI market. In February 2017, Dell
Technologies Inc. quickened the digital transformation in healthcare EDI market
with the introduction of cloud integration solution for healthcare EDI.
Global healthcare
EDI market is expected to grow significantly during the forecast period. Some
of the major factors driving growth of the market include expanding base of
patient due to the increasing prevalence of chronic diseases, rising need to
curtail healthcare costs, and government support for healthcare EDI. According to the World Health Organization (WHO), chronic disease
is the leading cause of mortality globally, comprising 60% of all deaths. Also,
approximately 17.7 million people died from cardiovascular diseases in 2015,
representing 31% of all global deaths. Of these deaths, an approximate of 7.4
million deaths were due to coronary heart disease and 6.7 million were due to
stroke. WHO also reported that globally 8.8 million people died from cancer
which is 1 in 6 of all global deaths in 2015. With the rise in these chronic
diseases, the volume of patient is also increasing. Moreover, these large
number of deaths also prompts the end users to avail healthcare EDI products
for different reimbursements claims.
Some of the key
players in the global healthcare EDI market are GE Healthcare, Cognizant
Technology Corporation, Cerner Corporation, Axway Software
SA, Dell Technologies Inc., Synnex Corporation, McKesson Corporation, Allscripts
Healthcare Solutions Inc., SSI Group, LLC, Comarch SA, Optum Inc., and Quality
Systems Inc.
With respect to
strategic developments, various new product launches and strategic alliances
have been taking place in the healthcare EID market.
In April 2017, McKesson Corporation completed
the acquisition of CoverMyMeds. CoverMyMeds’ software suite can automate the
medication the medication prior to the authorizing process for more than 49,000
pharmacies, 500 electronic health records system, and 700,000 providers.
No comments:
Post a Comment