By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    learn to recognize and treat yeast infections
    Most Commonly Asked Questions About Yeast Infections
    November 17, 2021
    Advanced lung cancer diagnosis systems used by doctors
    Advanced Lung Cancer Diagnosis Systems Used by Doctors
    March 6, 2022
    The Top Benefits of a Wearable Blood Pressure Monitor Watch
    The Top Benefits of a Wearable Blood Pressure Monitor Watch
    June 13, 2022
    Latest News
    5 Steps to a Promising Career as a Healthcare Administrator
    July 31, 2025
    Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
    July 20, 2025
    How Probate Planning Shapes the Future of Your Estate and Family Care
    July 17, 2025
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Soaring Medical Costs Pinned on Medical Devices
    June 7, 2011
    Debt Ceiling Negotiations on Health Care are Mere Cost Shifting
    July 15, 2011
    Is Kathleen Sebelius Listening to the NCPA?
    August 29, 2011
    Latest News
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
    How Health Choices and Legal Actions Intersect After an Injury
    July 17, 2025
    How communities and healthcare providers can address slip and fall injuries with legal awareness
    July 17, 2025
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Why 2014 Should Be a Good Year for Consumer and Enterprise Health IT
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Finance > Why 2014 Should Be a Good Year for Consumer and Enterprise Health IT
BusinesseHealthFinanceHealth ReformMedical RecordsPolicy & LawTechnology

Why 2014 Should Be a Good Year for Consumer and Enterprise Health IT

Bill Crounse
Bill Crounse
Share
4 Min Read
SHARE
health IT in 2014

It seems that much of the US is mired in snow and ice this week.

health IT in 2014

It seems that much of the US is mired in snow and ice this week. Even here in the Pacific Northwest where winter temperatures tend to be somewhat moderate, we have had an entire week of temperatures well below freezing. There’s even a hint of snow in the forecast for later today. News reports say this week’s arctic blast has been a bonanza for plumbers and heating contractors. Frozen pipe repairs and broken furnaces are keeping certain tradesmen rolling in the dough. I suspect its going to be a very Merry Christmas for plumbers and furnace repairmen.

I find it interesting how inclement weather and natural disasters can be a horrible experience for some people, while proving to be a windfall for others. In the world of Health ICT current social, economic and government trends are proving to be quite beneficial to both the consumer and enterprise segments of the ICT business. For enterprise health industry solution vendors, the US government’s High Tech Act and meaningful use incentives have totally stimulated the market for electronic medical record solutions and hospital information systems. The government’s recently announced pushback for meeting meaningful use criteria may actually further stimulate the market by giving clinicians who’ve been sitting on the sidelines  a bit more time to take advantage of the program.

On the consumer side of things, I believe health reform is creating its own weather system of unintended consequences. Today’s Wall Street Journal points out that many consumers may be feeling sticker shock from the high deductible health insurance plans being offered as a result of the US Affordable Care Act (Obamacare). A family of four with a household income above $92,000 or so could face a yearly deductible of $12,700 before their health insurance kicks in. This is in addition to oftentimes higher health insurance premiums. Experts are suggesting this may cause some consumers to delay medical treatment or seek less expensive options for treatment. I believe this could stimulate opportunities for more innovative consumer health applications in the mobile, tele-health and telemedicine segment of the economy as consumers seek less costly alternatives for medical information and care.

By the way, this perfect storm for Health ICT isn’t just an American phenomenon. As I’ve been traveling the world and meeting with healthcare and government leaders around the globe, I’m finding that every health system is seeking ways to achieve the so-called triple aim of higher quality care, improved access to care, and lower healthcare costs. Almost everywhere, technology is viewed as having a central role in in achieving the triple aim.

So while the current cold weather may be good news for plumbers and such, there will be winds blowing throughout 2014 that should make it a very good year for health and healthcare ICT and those who develop or sell ICT solutions. Happy New Year!

TAGGED:2014Health IT
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

5 Steps to a Promising Career as a Healthcare Administrator
5 Steps to a Promising Career as a Healthcare Administrator
Health
July 31, 2025
holistic dental
Holistic Dentist Services Are Natural and Safe
Dental health Specialties
July 28, 2025
botox certification
Help Improve People’s Skin Health Via Botox Certification
Skin Specialties
July 22, 2025
Telemedicine Apps
Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
Health
July 20, 2025

You Might also Like

Image
Social Media

Social Media, mHealth and Medicine: 2012 in Review and Hopes for the Future

December 9, 2012
Telehealth Project from my UW SON Clinical Informatics class. Circa 2011
BusinesseHealthFinanceHospital AdministrationTechnology

BIG-BIG-BIG: Company, Heart and Checkbook

March 12, 2015

How Do You Know If You Are Ready for ICD-10?

December 8, 2013

Mayo (Clinic): The Secret Sauce To Better Care

June 15, 2011
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?