Health Information Exchange (HIE) Market Trends

Health Information Exchange Market Drivers

Patient Centric Card Delivery to Bolster Market Growth

• The healthcare industry across the globe a seeing a gradual shift away from institution centric frameworks towards the patient centered care delivery due to the increasing penetration of communication technologies in healthcare industries.In contrast to institution centric frameworks, the patient centric care is associated with number of advantages including reduced hospital admission, decreased expenditure and reduced pressure on an already burdened system. Due to these advantages, patients tend to report positive experience, have more trust in their providers and are less likely to switch physicians, allowing for more continuity in care.This major benefits provided by health information exchange tends to increase the market in future.

Health Information Exchange Market Restraints

Outdated Legacy to Hinder Market Growth

• Electronic medical record systems, usually referred to as legacy systems with limited interoperability capabilities, are still in use in today's time.The data storage, input and inventory of data items are unique and often proprietary in them.Many of these systems are designed to prevent data exchange with other vendor solutions to protect market share and encourage purchases by Hospitals or clinic chains.However, effective and safer healthcare relies heavily on the ability to exchange data from one software to another and from one person to another. Therefore, updated electronic medical record system A is one of the vital factor solutions to achieve complete interoperability in healthcare..