HIMSS Analytics® - Healthcare IT State of the Market 2016
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PRESENTED BY Matt Schuchardt Director of Market Intelligence Solutions HIMSS16 State of the Market
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Transcript of HIMSS Analytics® - Healthcare IT State of the Market 2016
PRESENTED BY
Matt Schuchardt Director of Market Intelligence Solutions
HIMSS16 State of the Market
Enabling better health through information technology.
HIMSS Analytics ® Advisory Solutions
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» HIT Adoption
» Market Opportunity
» Market Share
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» Packaging
» Positioning
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HEALTHCARE’S MOST COMPREHENSIVE MARKET INTELLIGENCE RESOURCES & ADVISORY SOLUTIONS
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» Healthcare Organization Benchmarking
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» Certified Educator Programs for Vendors
Healthcare IT Solutions
Healthcare Delivery Organizations
UNIQUELY POSITIONED TO DELIVER ACTIONABLE INFORMATION
Primary Drivers in the Global Healthcare Market
Cost Reduction Pressures
Source: Deloitte “2015 Global health care outlook”
“Growth Phase” of Total Health Expenditures
“Growth Phase”
Source: The Carlyle Group “2016 Global Healthcare Outlook”
Regional Market Drivers
Americas •Increasing volume of data •Shifting to consumer-centric
EMEA • Continued austerity • Need for analytics capabilities
AsiaPac • Increasing old-age dependency ratio • Infrastructure investment
If global GDP grows by 4.5% per year over the next decade, global
health spending would be expected to increase by about 6% per year
Source: The World Bank “World Economic Indicators Database 2015”
Global Health IT Market
CAGR = 6.44%
Source: Infiniti Research Limited: TECHNAVIO.COM Global Healthcare IT Spending Market, 2015-2019, 2015
Global HCIT Market Segments
$9.87 $10.39 $10.98 $11.65 $12.41
$17.39 $18.84 $20.55 $22.58 $24.95
$28.54 $30.10 $31.94 $33.98 $36.26
$32.48 $34.14
$36.15 $38.49
$41.13
2015 2016 2017 2018 2019
Hardware Software Telecommunications IT Services
Source: Infiniti Research Limited: TECHNAVIO.COM Global Healthcare IT Spending Market, 2015-2019, 2015
Impact of Government Incentive Programs in the US
2% 3% 6%
37%
67%
2007 2008 2009 2010 2011 2012 2013 2014 2015
ARRA Passed
ACA Signed
MU Payments
MU 2 Payments
HOSPITALS ACHIEVING HIMSS ANALYTICS® EMR ADOPTION MODEL™ STAGE 5
EMRAM Launched
2005
Data from HIMSS Analytics® LOGIC™
US Hospital IT Budgets
Data from HIMSS Analytics® LOGIC™
The Value of Scale
Health System Mergers and Impacted Hospitals & Practices
Data from HIMSS Analytics® LOGIC™
Revenue Cycle Wave Beginning?
Data from HIMSS Analytics® LOGIC™
Hospitals Planning Investment in Revenue Cycle Technologies
Value and Bundled Reimbursement Technology Infrastructure
71% 74% 65% 69%
39 67 37 39
2014 2015Hospital Using Contract Management Hospitals Using Medical Necessity Checking Content
Hospitals Buying CM Hospitals Buying MNCC Data from HIMSS Analytics LOGIC
Hospital Utilization and Investment Plans for Contract Management and Medical Necessity Content Checking
Healthcare organizations have a long way to go in regards to Analytics
Source: HIMSS Analytics® Clinical & Business Intelligence Study
Growing Market for Vendors with Understanding of BI
Poised for
Growth
Source: HIMSS Analytics® Clinical & Business Intelligence Study
Building the Technology Infrastructure for Population Health
15 17
27
46
29
51 53
71
2012 2013 2014 2015
US HEALTH SYSTEMS INVESTING IN COST ACCOUNTING AND EMPI
Replacing UpgradingData from HIMSS Analytics® LOGIC™
Managing the Patient Experience
225 225 213
10 8
9
200
205
210
215
220
225
230
235
240
2013 2014 2015
More than 1 Vendor More than 5 VendorsData from HIMSS Analytics® LOGIC™
Health Systems with Multiple Patient Scheduling Systems
2015 Breaches at Health Care Providers
Source: US Department of Health & Human Services Office for Civil Rights, Breach Portal
Increasing Risk from Hackers
Source: US Department of Health & Human Services Office for Civil Rights, Breach Portal
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