Clinical Decision Support System (CDSS) is a significant aid in influencing healthcare providers’ performance to improve and streamline the quality of healthcare. Over the past few years, CDSS has marked a considerable change in the market at the global level. According to the BIS Research report titled, ‘Global Clinical Decision Support System Market- Analysis and Forecast (2017-2025)’, the global market is expected to reach a value of $10.82 billion by the end of the year 2025, this growth can be attributed to the increasing number of deaths due to medical errors, change in reimbursement models in the healthcare system, and the healthcare delivery framework.
In February 2018, Philips Healthcare introduced a next generation patient monitoring solution with an intuitive, portable IntelliVue X3 transport monitor in U.S. The patient monitoring system provides detailed patient data from monitors and medical data to improve patient care, accelerate clinical performance and aid in lowering cost for health systems. Further, the system is designed in such a way that it fits well into existing IT systems.1
In January 2018, prominent market player Allscripts acquired Practice Fusion, a health IT vendor offering a cloud- based EHR and data analytics tool for life science companies. The acquisition has allowed Allscripts to extend its big data analytics, attracting clients and continue to deliver data-driven solution to the life science sector. The acquisition will help both Allscripts Practice Fusion clients in improving their total population health management and care coordination skills while aligning with the future plans of Allscripts.2
In January 2018, Elsevier, an information analytics business specializing in Science and Health, and a part of RELX group, announced in a press release that they are acquiring, Via Oncology, a Pittsburgh, Pennsylvania- based company that provides decision support and best practices in cancer care project to extend evidence- based cancer treatment. “Clinical pathways integrated into the electronic media record are key to pushing dynamic, authoritative content at the point of care.” said Dr. John Danaher, President of Clinical Solutions, Elsevier.
Despite many advancements in CDSS, it is still in its nascent stage as it is only able to provide general alert reminders, summary dashboards and automated information retrieval system. Further, the market is expected to gain much more attraction in the forthcoming period by working in different areas of healthcare industry such as women’s health, anaesthesiology, imaging and clinical process optimization.
2.HEALTH IT ANALYTICS