Health_Care_Information_Technology_The_Wall_Street_View.pptVIP

1.04-Falci@8am HIT Health Care Information Technology: The Wall Street View Agenda HCIT Market Overview Niche market Revenue: $28 billion, $14 billion of which is spent by hospitals Largest company (Cerner) represented 4% of HCIT spending 2007 HIMSS conference had 700+ exhibitors Historical 8%-12% growth Has been cyclical, recently becoming secular Improvements in IT and health care create secularities Prior cyclicality driven by IT (Y2K, HIPAA) and health care profitability trends 2007 HIMSS Themes – Cain Brothers’ View Interoperability (Standards-based data sharing and integration) IHE (Integrating the Healthcare Enterprise) Increasing Presence of large IT companies Moving further toward application domain Increasing Presence of Medical Device companies (PACS, etc.) More data to be integrated across healthcare continuum Electronic Health Records / Personal Health Records Setting the stage for increased clinical data integration utility PHR: Clinician input vs. patient self-reported ? HIMSS Vendor Market Comparisons HIMSS Vendor Market Comparisons HIMSS Vendor Market Comparisons Factors Impacting HCIT Adoption IT Fragmentation Within the Hospital Historical Obstacles Enablers to HCIT 2007 Top HCIT Trends “Perfect Storm” Accelerates HCIT Opportunity Tomorrow’s HCIT Focus Clinical information systems: CPOE to EHR / data warehousing Department-specific apps (e.g. PACs, ICU, ER, OR, Cardiology) Standards-based medicine and IT-based workflow management Interoperability/Connectivity – RHIOs and beyond Workflow driven data integration Revenue cycle management (recapturing 25% of health care costs) Many points in the cycle to be addressed with new approaches Payor information systems services Operations throughput / contract management Consumer Directed Healthcare (CDHP) Standardized-based medicine: DM, CM, UM, P4P Consumer-Driven Business models Personal health management Revenue Cycle Management Overview Historically centered around claims submission / EDI v