Industry News: August 2017 Recap

In a healthcare industry that’s always innovating, it’s a challenge to keep up with all the fast-breaking news. To make things easier, we’ve compiled some recent articles that reflect the news and trends of hospitals, health systems, and hospital operations and management last month.

The healthcare analytics market investment total is projected to exceed $18.7 billion by 2020, according to MedGadget. Rising pressure to curb healthcare costs, big data in healthcare, technological advancements, growing awareness about benefits of analytics, and increase in venture capital investments are just a few of the factors driving this spurt of market growth. Source: MedGadget.

Hospital and healthcare technology aren’t the only things that are changing. In the wake of innovation, the role of hospital executives and their decision making processes are also being forced to change, with new options and new goals in mind. Source: Modern Healthcare.

Healthcare big data analytics is becoming a platform for creating a new vision of what it means to be a smart society. According to a recent report by the Center for Data Innovation (CDI), a smart society is a healthy society – and a healthy society makes good use of its big data. “Investing in analytics infrastructure, including electronic health records (EHRs) and the Internet of Things (IoT), can help regional stakeholders contribute to smart societies prepared to meet the many socioeconomic and environmental challenges of the future.” Source: Health IT Analytics

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