This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Frost & Sullivan Forecasts Robust Future For European Health Information Exchange Market

LONDON, April 3, 2013 /PRNewswire/ -- The European market for health information exchange is diverse, with different IT vendors supporting the process of information exchange at different levels. European healthcare policies favour interoperability. This is encouraging the growth of public health information exchange programmes.

New analysis from Frost & Sullivan ( http://www.connectedhealth.frost.com), Western European Health Information Exchange Market, foresees intensifying competition for IT vendors as EU member states focus on building smaller, regional projects that will eventually feed into larger, nationwide e-health initiatives.

"By featuring point-to-point clinical information exchange, overall healthcare costs can be reduced," notes Frost & Sullivan Healthcare Senior Research Analyst Divyaa Ravishankar. "Establishing interoperability will improve clinical care by reducing duplication in therapy, insurance and coverage details, while enhancing overall management."

Vendors in the health information exchange space are now embracing the software-as-a-service (SaaS) model. This has helped reduce the initial capital outlay involved, facilitated the adoption of health information exchange programmes, and proactively and rapidly engaged both stakeholders and providers.

Achieving interoperability in large-scale, e-health initiatives requires common data and infrastructural standards. In this context, the lack of unified communication standards for shared electronic health data remains a key challenge.

In addition to interoperability, concerns related to security, privacy and authentication in accessing clinical information is delaying the implementation of several e-health projects in Europe.

"Hospital and laboratory consolidation are, moreover, major hurdles in the adoption of integrated e-health initiatives," states Ravishankar. "Mergers and acquisitions bring together differently configured electronic medical records (EMRs). As a result, system integration within departments or with external participants may vary and this poses a major problem."

Strong leadership and a keen understanding of interoperability standards are seen as critical to the development of the health information exchange market.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs