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Frost & Sullivan: U.S. Health Information Exchange Market Enters Prime Time in Rapidly Transforming Healthcare Industry
Date:11/27/2012

a variety of providers across communities and states — and even around the world. The growing deployment of mobile devices in healthcare and mobile health applications (or "apps") will also play a key role in accelerating the adoption of HIE and overcoming key challenges in integrating data exchange into the clinician workflow.

"Most healthcare providers realize that, despite the numerous complexities and challenges associated with the exchange of health data, HIE will continue to accelerate," said Frost & Sullivan Connected Health Principal Analyst Nancy Fabozzi. "The value gained from health data exchange is self-evident.  Today, most providers agree that the key issue in HIE is not whether to do it, but how best to do it so that benefits are maximized and any potential harm is minimized. This means that the data exchange platform must be trustworthy, comprehensive and secure." Fabozzi believes that the growth of cloud-based HIE solutions will necessitate new protocols and solutions that require state-of-the-art security systems expertise to alleviate concerns about data breaches.

As growing numbers of providers, payers and patients participate in HIE, Frost & Sullivan predicts that demand for services beyond simple transactional data exchange will accelerate significantly. Participants in HIE will continue to gravitate towards organizations and technology vendors capable of providing a wide range of solutions and services, particularly value-added services that enable patient engagement and predictive analytics needed to better manage patient populations and contain risk, especially for emerging accountable care organizations (ACOs).  Leveraging advanced HIE functions is essential for coordinating patient care, improving quality and organizational efficiency, and, ultimately, competitive positioning.

U.S. Health Information Exchange Market: A Comprehensive Guide to Market Dynamics,
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