By Business Wire

J
une 24, 2009 06:07 AM EDT

Reportlinker.com announces that a new market research report is available in its catalogue.

Reportlinker Adds Healthcare Information Technology

http://www.reportlinker.com/p0128139/Reportlinker-Adds-Healthcare-Information-Technology.html

This Report:

Provides in-depth analysis of the developing U.S. market for selective clinical health care IT technologies

Forecasts trends and sales in the U.S. market for selective clinical health care IT technologies through 2014

Identifies the segments in the clinical health care IT technologies industry with the greatest growth potential

Discusses barriers to deployment of clinical health care IT technologies including lack of standards, lack of compatibility with existing records, technology limitations, hardware availability, lack of skilled personnel, storage requirements and lack of funding

Provides information on the selling channels, standards and purchasing criteria that will be useful to heath care IT vendors seeking a share of the market.

Chapter-1: EXECUTIVE SUMMARY

SUMMARY TABLE U.S. MARKET FOR CLINICAL HEALTH CARE IT TECHNOLOGIES, THROUGH 2014 ($ MILLIONS) 5

SUMMARY FIGURE CLINICAL HEALTH CARE TECHNOLOIGES MARKET SHARES, 2008-2014 (%) 6

Chapter-2: CLINICAL HEALTH CARE IT: AN OVERVIEW

DEFINITIONS 7

TABLE 1 MAJOR CLASSES OF HEALTH CARE IT TECHNOLOGIES 7

CLINICAL SOFTWARE 7

HARDWARE DEDICATED TO CLINICAL IT APPLICATIONS 8

HISTORY 8

Chapter-3: TYPES OF CLINICAL IT TECHNOLOGIES

TABLE 2 MAJOR TYPES OF CLINICAL HEALTH CARE IT TECHNOLOGIES 10

ELECTRONIC HEALTH RECORDS 11

PROVIDER ORDER ENTRY SYSTEMS FOR DRUGS, LAB TESTS, AND PROCEDURES 12

ELECTRONIC PRESCRIBING SYSTEM 12

PICTURE ARCHIVING AND COMMUNICATION SYSTEMS FOR FILMLESS IMAGING 13

LABORATORY INFORMATION SYSTEMS 13

CLINICAL DECISION SUPPORT SYSTEMS 13

TELEMEDICINE 14

OTHER RELATED AND SUPPORTING TECHNOLOGIES 14

Personal Health Records 14

Radio Frequency Identification 15

VeriChip 16

Bar Coding 16

Speech Recognition 16

Medical Equipment Interfaces 17

BENEFITS OF CLINICAL HEALTH CARE IT TECHNOLOGIES 17

BENEFITS TO PATIENTS 17

Improved Quality of Care 17

Lower Costs 19

Wider Availability of Health Insurance 20

BENEFITS TO HOSPITALS, PHYSICIANS, AND OTHER CAREGIVERS 21

Clinical Efficiencies and Improved Quality 21

Verification of Insurance Eligibility and Benefits 21

Patient Satisfaction 22

Image and Public Relations 22

Reduced Malpractice Risk 22

Employee Morale 23

BENEFITS TO THE PHARMACEUTICAL INDUSTRY 23

Pharmaceutical Manufacturers 23

Improved Drug Safety Surveillance 24

Clinical Trial Recruitment 24

Support of Regulatory Approval 25

Retail Pharmacies 25

Opportunities to Increase Revenues 25

BENEFITS TO HEALTH INSURANCE PROVIDERS 26

BARRIERS TO DEPLOYMENT 27

COST 28

LACK OF METRICS 28

LACK OF STANDARDS 29

Clinical Vocabularies 30

Clinical Ontologies 30

COMPATIBILITY 31

Backwards Compatibility 31

Sideways Compatibility 31

Forwards Compatibility 32

WIDE RANGE OF SOFTWARE CHOICES 32

LACK OF PERSONNEL WITH APPROPRIATE SKILLS 32

LIMITED FINANCIAL RETURNS ON HEALTH IT INVESTMENTS 33

PRIVACY CONCERNS 34

SAFETY ISSUES 35

LEGAL LIABILITY 36

Privacy 36

Safety 37

PREVIOUS IMPLEMENTATIONS OF HEALTH CARE IT 37

U.S. 38

U.S. Department of Veterans Affairs 38

Cedars Sinai Medical Center Physician Order Entry System 39

Santa Barbara County Care Data Exchange 40

OTHER COUNTRIES 41

U.K. National Health Service National Programme for IT 41

Alberta (Canada) Net care 42

MARKET SUMMARY 43

TABLE 3 U.S. MARKET FOR CLINICAL HEALTH CARE IT TECHNOLOGIES BY APPLICATION TYPE, THROUGH 2014 ($ MILLIONS) 44

FIGURE 1 U.S. MARKET FOR CLINICAL HEALTH CARE IT TECHNOLOGIES PRODUCT MARKET SHARES, 2008–2014 (%) 45

Chapter-4: MARKET ENVIRONMENT FOR CLINICAL HEALTH CARE IT TECHNOLOGIES

LEGAL AND REGULATORY ENVIRONMENT 46

LEGISLATION 46

Federal Legislation 46

Better Healthcare through Information Technology Act of 2005 46

Medicare Value Purchasing Act 47

Health Information Technology Promotion Act 47

Wired for Health Care Quality Act 47

American Recovery and Reinvestment Act of 2009 48

State Legislation 50

Massachusetts 50

Minnesota 51

New Mexico 51

Rhode Island 51

Vermont 52

EXECUTIVE ORDERS 52

Federal Level 52

Executive Order 13335 52

Executive Order 13410 53

State and Local Levels 53

TABLE 4 STATE EXECUTIVE ORDERS RELATING TO HEALTH IT 53

REGULATIONS 54

Federal Regulations 54

Potential FDA Regulation of HER 54

EHR and HIPAA 55

HHS Regulations to Facilitate Adoption of Health Information Technology 56

State and Local Regulations 57

CERTIFICATION BODIES 57

Certification Commission For Healthcare Information Technology 57

ECONOMIC ENVIRONMENT 58

Government Funding 58

Federal Government 58

FIGURE 2 TRENDS N PROJECTED FEDERAL HEALTH IT SPENDING, 2008–2013 ($ BILLIONS) 59

Other Government Entities 60

• Massachusetts 60

• Minnesota 60

• New York State 60

• New York City 61

• Vermont 61

Nonprofit Funding 62

California Health Care Foundation 62

Colorado Health Foundation 62

Regenstrief Institute 63

Markle Foundation 63

Robert Wood Johnson Foundation 64

Private Funding 64

Care Providers 64

• Investment and Financing Trends in the Hospital Industry 64

FIGURE 3 EFFECT OF ECONOMIC DOWNTURN ON HOSPITALS’ IT SPENDING (%) 65

• Physician Practice Financial Trends 65

• Implications for ARRA Incentive Program 66

Insurance Companies 66

• Hawaii Medical Service Association 66

• Highmark Health Insurance 66

Mixed Public-Private Funding 67

Washington Health Information Collaborative 67

Chapter-5: ELECTRONIC HEALTH CARE RECORDS: TECHNOLOGIES AND MARKETS

SUMMARY 68

FIGURE 4 U.S. MARKET FOR ELECTRONIC HEALTH RECORDS TECHNOLOGIES, 2008–2014 ($ MILLIONS) 68

TECHNOLOGIES 69

EHR VERSUS EMR 69

EHR FUNCTIONALITIES 70

TABLE 5 TYPICAL EHR FUNCTIONALITIES 70

CLIENT/SERVER ARCHITECTURE VERSUS APPLICATION SERVICE PROVIDER 71

SUPPLIERS 72

TABLE 6 EHR TECHNOLOGY PROVIDERS 72

MARKET FOR ELECTRONIC HEALTH RECORDS TECHNOLOGIES, 2008–2014 74

IMPACT OF THE U.S. RECESSION 74

IMPACT OF ARRA 75

TABLE 7 ARRA INCENTIVES AND THE MARKET FOR EHR 75

TABLE 8 POTENTIAL (UNCONSTRAINED) U.S. MARKET FOR EHR SYSTEMS, THROUGH 2015 ($ BILLIONS) 76

CONSTRAINTS ON IMPLEMENTATION CAPACITY 76

TABLE 9 REALISTIC U.S. MARKET FOR ELECTRONIC HEALTH RECORDS TECHNOLOGIES, THROUGH 2014 ($ MILLIONS) 77

Chapter-6: PROVIDER ORDER ENTRY TECHNOLOGIES AND MARKETS, 2008–2014

SUMMARY 78

FIGURE 5 U.S. CPOE TECHNOLOGY MARKET, 2008–2014 ($ MILLIONS) 78

TECHNOLOGIES 79