A healthcare information system (HIS) refers to a system designed to manage healthcare data. This includes systems that collect, store, manage and transmit a patient’s electronic medical record (EMR), a hospital’s operational management or a system supporting healthcare policy decisions.
Healthcare information systems also include those systems that handle data related to the activities of providers and health organizations. As an integrated effort, these may be leveraged to improve patient outcomes, inform research, and influence policy-making and decision-making. Because health information systems commonly access, process, or maintain large volumes of sensitive data, security is a primary concern.
Growing Applications of Healthcare Information System
Healthcare information systems can be used by everyone in healthcare from patients to clinicians to public health officials. They collect data and compile it in a way that can be used to make healthcare decisions. Examples of health information systems include: Electronic Medical Record (EMR) and Electronic Health Record (EHR). These two terms are almost used interchangeably. The electronic medical record replaces the paper version of a patient’s medical history. The electronic health record includes more health data, test results, and treatments. It also is designed to share data with other electronic health records so other healthcare providers can access a patient’s healthcare data.
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The healthcare information systems market has progressed from being in a nascent phase in the 80s to a thriving market in recent years due to quicker adoption rates of healthcare information systems and demand for them from large as well as smaller health care organizations. Digitization of health care records has created a far more informed, innovative, and personalized care paradigm. Digitized records enable physicians to recognize warning signs for individuals who are on the edge of major health issues, thus preventing expensive treatments and hospitalizations. Health care information technology has been shown to improve the quality to care management by enhancing disease surveillance, increasing adherence to guidelines, and decreasing medication error. The global health care information systems market has expanded rapidly over the years, and there has been a noticeable rise in adoption of health care information systems in recent times. Continued increase in the cost of health care over the last few years has forced health care institutions to adopt health care IT systems in order to cut costs.
What is Driving Growth of Market?
Health information systems tend to target efficiency and data management. The main drivers of health information systems are:
Data analytics: The healthcare industry constantly produces data. Health information systems help gather, compile and analyze health data to help manage population health and reduce healthcare costs. Then the healthcare data analysis can improve patient care.
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Collaborative care: Patients often need to treatments from different healthcare providers. Health information systems — such as health information exchanges (HIEs) — allow healthcare facilities to access common health records.
Cost control: Using digital networks to exchange healthcare data creates efficiencies and cost savings. When regional markets use health information exchanges to share data, healthcare providers see reduced costs. On a smaller scale, hospitals aim for the same efficiencies with electronic health records.
Population health management: Health information systems can aggregate patient data, analyze it and identify trends in populations. The technology also works in reverse. Clinical decision support systems can use big data to help diagnose individual patients and treat them. Security is the primary health information system concern. All networks are vulnerable, but healthcare providers are desirable targets for cybercriminals. Advancements in health care information systems have led to significant expansion of the market in recent years.
Use of health care information systems in medication management, electronic prescription, intelligent wearable technologies to curb lifestyle diseases, and smart robots to automate repetitive tasks is expected to significantly reduce health care costs and boost the market. In addition, rise in government initiatives and increase in health care expenditure across the world are anticipated to further propel the market during the forecast period.