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
    stress management for healthcare workers
    3 Tips For Healthcare Professionals: How To Stay Beautiful, Healthy, and Happy
    November 2, 2021
    importance of relaxing on the weekend for your health
    Importance of Relaxing During the Weekend for Optimal Health
    March 25, 2022
    LASIK Eye Surgery
    What Is LASIK Eye Surgery?
    May 16, 2022
    Latest News
    Health Benefits of Taking a Vacation to Reduce Your Stress
    September 27, 2023
    First Aid Training Enhancing Workplace Health and Safety
    September 25, 2023
    Beyond the Clinic: Medical Surveys Are a Roadmap to Passive Income for Doctors
    September 23, 2023
    5 Self-Care Habits to Help You Live an A+ Life
    September 21, 2023
  • 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
    2012 Medicare Physician Fee Schedule Final Rule Important for Telemedicine
    December 12, 2011
    Book Summary: The Future of Health Care Delivery
    January 9, 2012
    The HMO in Your Future
    August 23, 2017
    Latest News
    Job Seekers with Disabilities Should at Health Insurance Benefits
    September 12, 2023
    Reasons That Drug Prices Are Rising to Unsustainable Levels
    September 12, 2023
    How Revenue Lifecycle Management Helps Healthcare Providers to Optimize Business Operations
    September 6, 2023
    The Hidden Benefits of Practice Exams for Medical Professionals
    September 6, 2023
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: HIMSS14: The IT Market and US Healthcare – Big and Getting Bigger
Share
Sign In
Notification Show More
Aa
Health Works CollectiveHealth Works Collective
Aa
Search
Have an existing account? Sign In
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > HIMSS14: The IT Market and US Healthcare – Big and Getting Bigger
BusinessTechnology

HIMSS14: The IT Market and US Healthcare – Big and Getting Bigger

Steve Goldstein
Last updated: 2014/03/03 at 9:00 AM
Steve Goldstein
Share
3 Min Read
healthcare IT
SHARE

healthcare IT

healthcare IT

I hope you were as interested as I was in the whys and wherefores of the dominance of the United States in the healthcare IT market; I wanted to hear more — and now you will, too. I spoke with Andy Flanagan, a Senior Vice President at Siemens charged with growing the healthcare IT business in America and a refreshingly candid fellow. He was hanging out at the busy Siemens booth at HIMSS14 here in Orlando.

“We’re in a unique situation,” he began. “Our healthcare costs per capita are essentially double that of any other average country. Everyone is trying to reduce costs and still have a positive outcome. We have huge inefficiencies; 30 percent of what is spent on healthcare is waste.”

More Read

best health apps

5 Tech Apps and Gadgets to Maintain Your Health Connectivity

Step-by-Step Guide to EHR Implementation
Developing Meditations Apps to Fight the Mental Health Crisis
Harnessing the Power of Technology to Shape the Future of Proactive Health and Disease Diagnostics
Should Hospitals Use Meditech EHR or Advancedmd EHR?

Flanagan said our reliance on healthcare IT is being driven by the consumer and the patient, as in other industries. “IT is a defense mechanism for the delivery model to get more efficient,” he continued. “Hospitals aren’t implementing IT just to reduce costs. They are doing it because of external pressure to serve the patient better, to retain the patient and to survive as a delivery system. Cost is a byproduct of achieving better outcomes. The goal is excellence.”

So, whither the IT market? “It’s going to continue to grow,” said Flanagan. “Most processes in hospitals, in ambulatory settings remain paper-based. IT expansion will continue for another decade.” Some of the technology will be disruptive, he said, radically altering the status quo. “It’s the merging of technology, one of the fastest growing sectors of our economy, with healthcare representing 17 percent of our GDP. You put those two together and the healthcare IT market is going to be a focal point for 10 years.”

As for where IT innovation will take us, Flanagan said “you’re going to see hospitals communicate seamlessly. You’re going to see your smart phone, your smart watch serve data and receive data in a highly personalized fashion. The patient will become effectively the center of the IT world.

“We’re going to see IT become self-aware,” he said, eerily echoing the evolution of the HAL computer in the classic 1968 film 2001: A Space Odyssey. “In fact, we’re already doing it with Fitbit. Permission-based awareness will continue.”

Flanagan said the crowds around the Siemens booth testified to the fact that his customers know this is coming. He has a 15-year history at HIMSS and I asked him when things tipped for IT. “When doctors started valuing technology beyond the machine — in some cases, when it revolved around billing and getting paid faster — that probably was the beginning,” Flanagan said.

Set your smart watch — time to embrace healthcare IT.

(health IT / shutterstock)

TAGGED: healthcare IT, HIMSS 2014, Siemens

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Steve Goldstein March 3, 2014
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article end to end testing End-to-End ICD-10 Testing: Are You Prepared?
Next Article ADA compliance Making a Physician Website ADA-Compliant Can Increase Your Bottom Line

Stay Connected

1.5k Followers Like
4.5k Followers Follow
2.8k Followers Pin
136k Subscribers Subscribe

Latest News

Andropause hormonal decline
The Benefits of TRT for Andropause and Hormonal Decline
Wellness September 28, 2023
Cancer Prevention
The Importance of Lipoma Examination in Cancer Prevention
Cancer September 28, 2023
dental implant
Cost Analysis of Dental Implants in Australia
Dental health September 28, 2023
View,Of,Niagara,Falls,In,Autumn
Health Benefits of Taking a Vacation to Reduce Your Stress
Health September 27, 2023

You Might also Like

quality of life
Technology

Elevating Quality of Life: An In-depth Examination of Stairlift Technological Advancements

September 17, 2023
medical billing training
Medicare

Navigating Through the Essentials: Medical Billing Training for Beginners

September 12, 2023
healthcare providers
Hospital Administration

How Revenue Lifecycle Management Helps Healthcare Providers to Optimize Business Operations

September 6, 2023
3 Beneficial Ways Technology Impacting Your Wellness and Health
Technology

3 Beneficial Ways Technology Impacting Your Wellness and Health

September 5, 2023
Subscribe

Subscribe to our newsletter to get our newest articles instantly!

Follow US
© 2008-2023 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Lost your password?