- Connected Health Research - Connected Health Research Frost & Sullivan Africa Healthcare Industry Outlook, 2017 In this research deliverable, Frost & Sullivan s analyst team provides bold perspectives and predictions for the African healthcare industry in 2017. The markets covered include pharmaceuticals and biotechnology, in-vitro diagnostics, medical devices, medical imaging and healthcare IT. The analysis captures the impact of trends that are expected to transpire over the upcoming year as organisations shift to prepare for the future. This study provides guidance on where to find the greatest opportunities for expansion. The continuous burden of disease on the continent and a dampened economic outlook will see the African healthcare industry focussing on more cost-effective products and services. In addition, the regulatory environment will see a major transformation in each country. Areas exhibiting high growth opportunities will be the main focus of governments and industries alike. Business models specific to the African continent will be pursued in contrast to those in the larger markets of developed nations. The growth trends of emerging markets such as China, India and Brazil will play a key role in shaping the healthcare outlook of the African market. Major investments in key health sectors will be seen in 2017, with an important focus on digital transformation. Some of the expected areas of focus are advanced diagnostic tools, artificial intelligence and mHealth. Mergers and acquisitions are expected as stakeholders collaborate to achieve common outcomes. The outlook foresees increased collaboration and M&A activities between the life sciences and medical device industries, in which product designs will support prevention of the onset of chronic and degenerative diseases. The focus on communicable diseases such as HIV/AIDS and malaria will continue to be in the spotlight in 2017 for a majority of the nations. Health spending is expected to rise in the continent with governments aiming to meet millennium development goals.--BEGIN PROMO--

Research Highlights

  • Market overview and projections for the African healthcare market in 2017
  • Revenue forecast by key African healthcare sector
  • Key predictions for the market in 2017 by segment
  • Key trends and growth opportunities affecting the African healthcare market
  • Strategic recommendations and future outlook of the African healthcare market

Key Issues Addressed

  • What are the top healthcare market predictions for 2017?
  • What will the market revenue and growth rate look like for the African healthcare industry?
  • What are the key projections and trends for major healthcare market segments?
  • What are the key technologies and trends to watch for in Africa during 2017?
  • What are the major growth opportunities to look out for?
Thu, 30 Nov 2017 00:00:00 +0000
Future of Smart Hospitals The entire industry has probably heard the term of Smart Hospitals or the Intelligent Hospitals . However, only a few truly understand the concept, as there is plenty of ambiguity around the term, with each stakeholder defining it in a way that relates to themselves and their services. Some even confuse a digital hospital to a smart hospital. However, an all-encompassing approach, which defines every element of the concept is lacking. Application of the concept is also a challenge very few hospitals have the financial resources to implement all the smart solutions necessary to become a smart hospital. However, there are strategies that can enable implementation of smart solutions in a piecemeal approach to become smart. Indeed, a majority of existing global hospitals already have or are likely to implement smart solutions. A few smart hospital projects do exist already and are spread across the globe. Additionally, a majority of the new hospital projects (brownfield and greenfield ventures) in the hotspot areas of Canada, Nordic regions, and Australia are likely to be full-scale smart hospital projects. Without a doubt, smart hospitals will have a major impact on global healthcare systems. Hospital expenditures account for the largest share of healthcare expenditures, and as global economies struggle to reduce overall expenditures on health, smart hospitals will prove to be an effective tool to achieve that target. Additionally, smart hospital approaches enable better quality of care with personalized approaches and reduced medical errors to achieve better patient outcomes. To cater to the trend of consumerization in healthcare, smart hospitals employ a patient-centric approach to ensure patient experience is optimal, allowing for better revenue generation. This study covers the market imperative for moving toward smart solutions and hospitals, the very definition of a smart hospital along with its framework, the difference between a digital hospital and a smart hospital, profiles of select smart hospitals across the world, and the three areas a smart hospital must cover, such as operational efficiency, clinical excellence, and patient centricity. Additionally, it offers key takeaways for the industries serving smart hospitals medical devices, pharmaceuticals and life sciences, health IT, internal logistics, and even facilities management and also provides select growth opportunities for vendors to capitalize on. It also highlights the challenges faced in achieving the smart hospital vision, while providing some strategic insight into how these could be alleviated. Wed, 29 Nov 2017 00:00:00 +0000 Global Precision Medicine IT Solutions for Oncology Companies to Action, 2017 Healthcare data analytics refers to information technology (IT) solutions and services that mine structured and unstructured digital content generated by healthcare industry stakeholders with the goal of achieving a predefined outcome. The healthcare industry is witnessing a redefinition of value through the changing expectations of care quality, reimbursement models, and patient experience. To deliver new forms of value, industry stakeholders need a far more granular dissection of data; payers, providers, and pharmaceutical and medical technology companies are taking this move very seriously. To support these rapidly changing stakeholders, data analytics vendors are bringing new and innovative solutions to the market that can help solve specific business issues around developing new solutions, revenue streams, operating models, and target customers. This report profiles vendors that are offering promising, disruptive, and pioneering solutions across diverse domains in precision medicine for oncology. It brings the most recent and successful and/or high-potential companies to light. The focus has been to identify vendors that bring in the advantage purely in terms of analytics not other components of data management and meaningful use. These companies create extraordinary value for their internal and external stakeholders by showcasing visionary leadership and implementing industry best practices, and through business model innovation. Precision medicine for oncology is defined as patient-specific cancer care that is aided by a targeted software suite. The realm of precision medicine is determined by providers willingness and ability to capture and normalize disparate patient data including clinical, socioeconomic, behavioral, and genomic to identify evidence-based treatments that are ideal for each patient. Key questions this study will answer: What are the current growth opportunities in precision medicine for oncology? What is the impact of the external industry environment on this market? Which unique companies are introducing new and innovative solutions? How do these companies intend to transform healthcare industry paradigms over the next 5 years? What are their action plans and potential for growth? What are the key success factors in the market? Fri, 24 Nov 2017 00:00:00 +0000 Healthcare Cloud Computing Outlook, Global, 2016 2021 The global market for healthcare cloud computing revenue generated by cloud computing services offered to providers will be worth just under $10 billion by 2021 primarily driven by the need for storage of the exponentially increasing volume of healthcare data. However, volume is only the beginning of the story; healthcare data in rapidly increasing in terms of complexity, sources, and applications all of which render the potential to develop new and innovative solutions that leverage cloud platforms. Current cloud applications among healthcare providers are dominated by non-clinical, back-office functions, especially those supporting information technology (IT) workflows. However, there is a definite peak in adoption of cloud-based clinical applications and in the next five years, key opportunities for cloud platforms will be storage, management, and analytics of imaging data; health information continuity through electronic medical records (EMRs), electronic health records (EHRs), and health information exchanges (HIEs); and telehealth solutions, especially teleradiology and virtual consultations. One major industry game-changer will be real-world data. The volume of unstructured medical and health data that is generated outside of clinical settings is growing exponentially while the need for such data sets is even direr among providers, pharmaceuticals, medical technology vendors, governments, and university researchers. Growing awareness of the benefits of open platforms and increasing industry focus on interoperability and collaborative solution design is creating a heavy demand for vertically integrated cloud platforms that open the data to multiple stakeholders who are willing to share the risks and the rewards of shared data assets. Technology vendors will introduce cloud-based digital ecosystems that enable sharing and better utilization of IT and human resources in the next five years. At the heart of these healthcare industry innovations are some fundamental shifts in the perception of cloud solutions globally. Cloud, which was once thought to be an unknown and uncertain IT environment, is now believed to be more secure than on-premise infrastructure and has proven to have better outcomes when it comes to data back-up and disaster recovery. Increasing confidence in cloud platforms, combined with the need to reduce cost, improve workflow speed and efficiency, and to leverage meaningful business intelligence is paving way for hybrid cloud adoption especially among developed markets. Thus, we see that there have been some extremely dramatic shifts in the way providers think of and use cloud platforms in the last few years, which will create opportunities for innovations in care delivery processes and models in the near future. Key questions this study will answer: How has the market for cloud solutions for healthcare providers changed in the last few years? What will be the growth opportunities in the next five years? Who are the current market participants? Are they well positioned to meet customer needs? How have customer expectations and buying behavior changed in the last few years? How will it evolve in the near future? What are the new business models in healthcare being introduced or facilitated by cloud technologies? What are some innovative, industry-specific solutions being introduced using cloud platforms? How do these impact current healthcare industry paradigms? How will care delivery ecosystems evolve using cloud technologies? Thu, 9 Nov 2017 00:00:00 +0000 Assessment of the US Revenue Cycle Management Market, Forecast to 2022 Revenue cycle management (RCM) refers to myriad administrative and clinical functions around the capture, management, and collection of patient service revenue. The RCM process starts with admission (patient access) and continues through to accounts receivable (payment and collections). A variety of RCM solutions (e.g., IT applications and services) are deployed to help healthcare providers perform different functions. The objective of this research service is to present a comprehensive analysis of the US RCM market with respect to trends, revenue growth potential, and the dynamics at play for RCM information technology (IT) and services deployed by hospitals and physician practices through 2022. Additionally, the report will analyze market forces impacting adoption of RCM IT and service solutions among hospitals and physician practices evaluate existing and emerging regulatory objectives centered on providers financial risk management initiatives highlight best practices in the areas of design and deployment of an integrated financial workflow that supports value-based care assess the outlook of outsourced or shared service-based RCM operating models identify 5 major growth opportunity areas related to RCM estimate the revenue potential of the total US RCM market (software applications and services), and include breakdowns by hospitals and physician practices, from 2016 to 2022 shortlist vendors that propose best-in-class solutions for hospitals and tphysician practices This study is segmented into major functional segments of RCM, Patient access Registration and charge capture Billing and collection In terms of end-user adoption, this study classifies the buyer market in two broad provider categories: Hospitals Physician practices The market projection ($ value) is stratified based on the following overarching RCM product segments: IT (software applications) Services Market Background The shift in population demographics coupled with the rise of risk or value-based reimbursement models is driving the need for better prediction and management of revenue cycles, especially for high and at-risk patient populations. The prevalence of legacy RCM IT systems, which do not optimally support the goal of building a broader but coordinated and enterprise-wide financial ecosystem, is restricting providers from achieving the desired results around healthcare cost and collection. Most US-based providers still grapple with low operating margins, resulting from poor accounts receivable (A/R) performance and high average denial volumes. Many health systems attribute this inefficiency to their suboptimal knowledge and implementation of value-based RCM pathways that require significant investments in RCM IT. The need for efficient claims processing, which in turn results in optimized collection of risk-based revenue, supports adoption of value-based financial management solutions. Most providers that embrace alternative payment models acknowledge the need to deploy progressive scheduling, billing, and analytics technology modules capable of digitizing the entire RCM ecosystem. This view results from the growing adoption of payer contracts with specific provisions for efficient claims management, in addition to the need for integrating new capabilities that will meet the increasing financial responsibility of patients with coinsurance and large deductibles. Overall, the top unmet market needs driving adoption of next-generation RCM solutions among health systems in US are: Comprehensive regulatory compliance and financial risk mitigation The ability to collaborate with payers to customize revenue cycle workflows Elimination of preventable operational expenses, attributed to claims processing Automated identification of hidden patterns and root causes of claim denial Optimized collection of payments, rebates, and incentives for patient services Real-time reporting of financial and operational performance at an enterprise level As a result, new growth opportunities involving external RCM solutions have gained precedence among many hospitals and physician practices. Most of them are willing to invest in advanced RCM capabilities that can streamline financial performance cost effectively by paving the way for seamless payer-provider communications pertaining to financial risk management. These end users are likely to prioritize procurement of RCM solutions from external IT vendors based on implementation evidence and cost/benefit benchmarks. Hence, going forward, they are expected to rely on RCM vendors with proven expertise in optimizing financial performance through comprehensive patient access, error-free claims preparation, automated billing workflows, and robust RCM analytics. Vendors with solutions that can complement providers incumbent value-based payment arrangements and RCM IT ecosystems are expected to thrive in this market. Tue, 31 Oct 2017 00:00:00 +0000 Global Digital Pathology Market, 2017 Companies-To-Action It is estimated that more than 19,000 pathologists would be needed to serve the US healthcare needs. However, the actual number is expected to be approximately 40% lesser. Similar trends are foreseen globally driven by aging population and widening application in areas such as cancer diagnostics, drug development, clinical trials, biomarker discovery, and companion diagnostics. Digital pathology can improve efficiency of pathologists by 10 15%, thereby helping the healthcare providers in filling such gaps. This factor is a key driver for the rapid growth in adoption of digital pathology solutions globally. In April 2017, FDA approved the IntelliSite Pathology Solution from Royal Philips. This was the first digital pathology product for which any US manufacturer received approval for primary diagnostics purpose. An expected increase in regulatory approval for digital pathology systems for primary diagnostics will support the growth in demand for these systems. To cater to the growing demand for digital pathology solutions, the industry has observed numerous partnerships, collaborations, and M&As. These strategies have been undertaken to expand product portfolio and deepen solution expertise while catering to changing customer demands. Research Scope: The key objectives of the companies-to-action for digital pathology study are to highlight current market dynamics, key market participants, customer segments, and evolving business opportunities. The study aims to identify both established enterprises and start-ups, which are capable of shaping the future through best practices implementation, visionary leadership, and innovation in business models. Further, the study provides an analysis of companies segregated by hardware, software, services and storage. It covers business profile, key solution offerings, target customer segments, service differentiators, and future growth strategies. The study also highlights growth opportunities, case study of notable market developments, key trends, mergers and acquisitions, for investment and collaboration opportunities. Companies mentioned in the study are Agfa Healthcare, Corista, Definiens, Fimmic Oy, GE (Omnyx), Hamamatsu, Huron Digital Pathology, Indica Labs, Inspirata, Leica Biosystems, OptraSCAN, Pathcore, Philips, Proscia, Sectra, Sunquest, Visiopharm, Ventana Medical Systems, Roche, and 3D Histech. Key questions this study will answer: How are digital pathology companies creating extraordinary value for stakeholders? Which are some unique companies that are introducing new and innovative solutions in the market? How do these companies intend to transform healthcare industry paradigms in the future? What is the impact of the external industry environment on this market? What is their action plan and potential for growth? What are the current growth opportunities in digital pathology? What are some key success factors in the digital pathology market? Which are the companies with whom partnerships can be forged? Tue, 31 Oct 2017 00:00:00 +0000 Growth Opportunities in the Global Cloud-Based Medical Imaging Informatics Market As the cloud-based information technology (IT) model advances slowly in healthcare, following years of lasting apprehension and skepticism, it is pursuing its two-decades-long journey in the medical imaging field. Indeed, since the early 2000s, cloud-based solutions have provided a viable alternative to tape- and truck-based solutions for the long-term archival of medical image studies. Since then, cloud-based solutions have continued to develop into more advanced use cases, despite the challenging nature of medical image data in terms of file sizes and user expectations. The conventional on-premises model, whereby every enterprise has to buy, operate and maintain its own IT solutions is proving to be unsustainable in the era of big data, short-sighted given the pace of IT innovations, irrelevant under the interoperability imperative, and not the wisest economic choice. However, transitioning to a cloud-based imaging IT model is not an easy shift, whether for healthcare providers or for vendors who have to align with the new purchasing, business, management and governance models that this shift entails. This explains the widely varying levels of excitement and proactiveness with the cloud among vendors and providers. Cloud-based medical imaging informatics, as a subset of the total medical imaging informatics market, is segmented by its key 4 applications, namely: - Cloud-based image archiving, which has been advancing beyond deep archival to higher levels of accessibility - Cloud-based image distribution (inter- and cross-enterprise image exchange, image-enabled electronic health records (EHRs), patient portals and healthcare information exchanges (HIEs)) - Cloud-based image diagnosis (RIS, PACS, Teleradiology, Reporting), which can completely replace core on-premises RIS/PACS solutions - Cloud-based imaging analytics, with various types of applications across the clinical, operational and financial domains, which can be delivered on-demand as software-as-a-service as part of a cloud-based ecosystem or marketplace The study scope is global, and covers revenue and adoption projections including highlights of major developments across key geographies, along with a detailed assessment of 15 top growth opportunities for the market, namely: Risk Mitigation through Business Associate Agreements Capitalizing on a Given Region or Country Multi-Ology Imaging Alignment for Integrated Care Models Efficiency in Emergency Patient Management Dematerialized Image Sharing / CD Replacement Virtualized, Seamless Cloud Medical Image Exchange Diversification of Image Distribution Use Cases Cloud-Enabled Intra-Enterprise Image Liquidity Patient Engagement and Imaging Record Ownership Operating an Online Marketplace Cloud Platform Advanced SaaS Apps Delivered in Third-Party Platforms Deep/Machine Learning for Cognitive Cloud Computing Medical Imaging Clouds for Clinical Research Image-Enabling Healthcare Information Exchanges Participation in Industry Interoperability Initiatives Fri, 27 Oct 2017 00:00:00 +0100 Growth Opportunity Assessment of Healthcare IT Market in Spain, Forecast to 2021 UK, Germany, France and Spain collectively spend more than $6 billion on healthcare information technology (healthcare IT) while regional adoption stands at almost 80%. Healthcare IT markets in these countries are ready to embark upon the next level of digitalization where providers move from data-capturing solutions to those that can derive value from data through improving information sharing, analytics and clinical decision support. Spain is leading EMR market growth amongst EU countries, with approximately 90% of healthcare providers having an EMR, 85% of which are engaged in full capture of data. However, less than 15% of hospitals in the country share data outside their network. Majority of the data shared are patient records being shared within the hospital network or with the Ministry of Health. An administrative structure comprising autonomous communities and sites has led to variations in health system regulations, workflows and healthcare IT adoption. Primary care, on the other hand, has experienced a more uniform healthcare IT adoption with almost 95% of providers using digital systems. The 180 million investment under the Digital Agenda will help enhance the state of interoperability across the country, especially amongst ePrescription systems. Between December 2016 and March 2017, Frost & Sullivan conducted a survey of IT managers from 198 hospitals across Western European countries. Findings of the survey were further investigated through in-depth discussions with market vendors and Frost & Sullivan industry thought leaders. Outcomes of the research have been collated into a 4-part series detailing the HCIT landscape across EU4 (The United Kingdom, Germany, France and Spain). Our research found that in spite of a high level of EMR adoption only a little more than 15% of large hospitals share data beyond their organization. This has been a huge detriment to efficient and productive health data utilization across all countries included in this study. However, with changing care paradigms, such as focus on patient-centricity, innovation in care delivery models and the demand for workflow efficiency, improving health data continuity will be a key goal for both governments and providers over the next five years. As a result, interoperability, and standards development and adoption will be major priorities across health systems. Spain has traditionally been an import market for health technology and medical equipment. Leading market participants include Indra, Cerner and DXC Technology while IBM and Orion Health have a comparatively smaller presence than the three market leaders. Our survey results indicate that future market growth will come from system upgrades rather than investment in new systems or vendors. To promote local digital health vendors the government is initiating start-up incubators and innovation hubs. Several regions in Spain are becoming digital health innovation hubs and this can be validated by the high share of locally developed healthcare IT solutions in the market. For example, Catalonia s 734 healthcare-related companies attracted over EUR100 million in investment since 2013 and collaborations between start-ups and hospitals are also common. These start-ups will need to demonstrate a high degree of solution differentiation as they are currently playing more like small fish in a big pond. Chronic disease management and remote monitoring have been identified as strategic directions for health system reform by the government and a number of programs have been launched to support these care delivery models, such as, the strategy for chronic care, policy programme by the regional Ministry of Health and introduction of Complex Care Plan with public-private partnership. There have been several pilot programmes in innovative care models integrating health and social services, such as BSA-Badalona and Catalonia and Etxean Ondo from Basque Country. However, lack of business model scalability is a major impediment to large-scale adoption. eHealth solutions that facilitate self-management and integration of care will be in demand. This is only a sample of insights that you can gain through our research. Key questions answered in this study include: What are the current trends, challenges and drivers for healthcare IT investment? What will be the most promising growth opportunities and key investment areas over the next five years? How is health IT adoption evolving? What will be the impact and adoption of new technologies? How will these change current industry paradigms and/ or bring in new business models? How are the initiatives at national and regional level for eHealth adoption impacting the market? What is the current vendor landscape, tiers of competition in select segments (e.g., Total Health IT, EHR, PCIS)? How are they expected to evolve over the next five years? What do healthcare providers expect when investing in healthcare IT and how has this evolved over the years? What are the key vendor-/solution-selection criteria of providers while investing in health IT? Tue, 24 Oct 2017 00:00:00 +0100