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New IDC Health Insights Report Assesses Top Health Information Exchange Technologies Vendors
Enterprise HIEs Noted as Fastest Growing Market Segment
FRAMINGHAM, Mass., April 14, 2010 - IDC Health Insights today announced the availability of a new report, Vendor Assessment: Industry Short List for Health Information Exchange Technologies (Doc #HI222529), that evaluates 14 vendors supplying health information exchange (HIE) solutions for enterprise, regional, and statewide (or countrywide) health information organizations. The vendors included in the assessment represent a sample of this market's suppliers, and include leaders in the industry that were chosen for their market share and penetration, or their potential growth opportunities.
The vendors evaluated are: Axolotl, Browsersoft/Open HRE, Carefx, dbMotion, eClinicalWorks, InterSystems, MEDecision, Medicity, MEDSEEK, Microsoft, Oracle, Orion Health, PatientKeeper, and RelayHealth.
According to the new report, the HIE infrastructure will change dramatically over the next two years, as funding for HIE technology investments becomes more available through approximately $20 billion in incentive payments for healthcare IT under the American Recovery and Reinvestment Act (ARRA) of 2009. To demonstrate meaningful use of electronic health records (EHRs), and thus qualify for incentive payments under the ARRA, healthcare organizations will have to invest in HIE technologies, spurring market evolution and maturation. Organizations that fail to demonstrate meaningful use by 2015 will face penalties in the form of reduced Medicare and Medicaid payments.
IDC Health Insights anticipates Enterprise HIEs serving integrated delivery networks, health, or hospital systems will be the fastest-growing market segment of HIE organizations. Unlike regional health information organizations (RHIOs) and statewide or national HIEs, Enterprise HIEs can establish a sustainable business model and are not as encumbered by organizational and data governance issues.
According to Lynne Dunbrack, program director, IDC Health Insights, "Typical of nascent markets, the HIE vendor market is volatile with new entrants and market consolidation. We can expect dramatic changes in the next 12 to 18 months as HIE technologies become a commodity and dominant players acquire their way into a crowded market currently made up of many small, privately held vendors."
The evaluation is based on two assessments: "Fit to Market Needs" and "Ownership Confidence." "Fit to Market Needs" includes 10 criteria to evaluate the strength of a product in terms of feature/functionality, interoperability, architecture, quality of service and support, and cost. "Ownership Confidence" includes five criteria to evaluate the soundness of a technology supplier's strategy, financials, commitment to an industry, and customer satisfaction.
The IDC Short List methodology is a rigorous assessment that centers around three principles IDC Insights believes are critical in today's selection of an IT supplier: fact-based research, industry focus, and evaluation transparency. The analysis is intended to assist providers in determining the HIE technology and vendor best suited to their organization's existing IT environment and business needs.
For additional information about this vendor assessment, or to arrange a one-on-one briefing with Lynne Dunbrack, please contact Sarah Murray at 781-794-3214 or sarahbethmurray@gmail.com. Reports are available to qualified members of the media. For information on purchasing reports, contact insights@idc.com; reporters should email sarahbethmurray@gmail.com.
About IDC Health Insights
IDC Health Insights provides health and life sciences industry executives, and the suppliers who serve them, with market research and advisory services. The company’s coverage spans the entire health industry value chain and closely follows the payer, provider and life sciences markets with special emphasis on developing and employing strategies that leverage IT investments to maximize organizational performance. Staffed by expert analysts and consultants with extensive industry experience, IDC Health Insights delivers a portfolio of offerings that are relevant to both IT and business needs. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc-hi.com, email info@idc-hi.com, or call 508-935-4445.
For more information, please contact:
Sandra Collinsscollins@idc.com
508-988-6746
Sarah Murray
sarahbethmurray@gmail.com
781-794-3214
