Healthcare interoperability solutions refer to technology systems and standards that enable seamless sharing and exchange of medical data between different healthcare providers and systems. These solutions enhance communication, facilitate care coordination, and improve patient outcomes by ensuring the efficient and secure transfer of health information.
The global Healthcare Interoperability Solutions Market is projected to grow at a CAGR of 13.6% from 2022 to 2028, reaching a value of US$ 7,745.27 million. This growth is driven by the rising adoption of interoperability solutions by healthcare authorities, government initiatives to enhance patient care, investments in healthcare facilities, and a greater focus on patient-centric care. However, challenges such as the lack of interoperability solutions and a shortage of skilled healthcare IT professionals may hinder market growth. In 2021, the market was valued at US$ 3,192.08 million.
The global healthcare interoperability solutions market is projected to experience significant growth in the future, driven by the increasing adoption of healthcare IT solutions worldwide. Both government and non-government organizations' funding for healthcare interoperability is expected to further contribute to this growth.
Major Players in the Health Interoperability Solutions Industry:
- Orion Health Group Ltd.
Orion Health Group Limited was established in 1993 and is headquartered in Auckland, New Zealand. It operates in 15 countries and is engaged in various industries, including healthcare, information technology, and software.
- Virtusa Corporation
Virtusa Corporation was established in 1996 and is headquartered in Southborough, Massachusetts, United States. It has offices in several countries, including India, Sri Lanka, the UK, Germany, Australia, Malaysia, the UAE, and Qatar, and is engaged in providing digital engineering and technology services and solutions for companies in the financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology industries worldwide.
- EPIC Systems Corporation
EPIC Systems Corporation was established in 1979 and is headquartered in Verona, Wisconsin, U.S. It has operations in India, China, Australia, Germany, France, the U.K., the United Arab Emirates, Puerto Rico, Mexico, Brazil, and South Africa and is engaged in various industries, including enterprise software, healthcare, software, and business development.
- Allscripts Healthcare LLC
Allscripts Healthcare LLC was established in 1986 and is headquartered in Chicago, Illinois, United States. It has offices across the U.S., Australia, Singapore, Israel, and the U.K. and is engaged in various industries, including biotechnology and healthcare. In 2022, Allscripts and Microsoft Corp. extended their long-standing strategic alliance to enable the expanded development and delivery of cloud-based health IT solutions.
- Koninklijke Philips NV
Koninklijke Philips NV was established in 1891 and is headquartered in Amsterdam, the Netherlands. It operates in over 100 countries and is engaged in various industries, including B2B, consumer electronics, customer service, healthcare, health diagnostics, lighting, and the wellness sector. In 2022, Philips and Prisma Health collaborated to help the health system achieve enterprise interoperability, standardize patient monitoring, and drive innovation in enterprise imaging solutions to enhance patient care and improve clinical performance.
- IBM
IBM Corporation was established in 1911 and is headquartered in Armonk, New York, U.S. It operates in over 175 countries, specializes in computer hardware, middleware, and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology.
- NextGen Healthcare, Inc.
NextGen Healthcare Inc. was established in 1973 and is headquartered in Atlanta, Georgia, United States. It is engaged in various industries, including analytics, electronic health records, healthcare, information services, and medical. In 2022, NextGen Healthcare and Circuit Clinical teamed up to bring clinical trial access to patients of Federally Qualified Health Centers (FQHCs) through over 14,000 providers that utilize NextGen Healthcare solutions.
- Oracle Corporation (Cerner Corporation)
Oracle Corporation (Cerner Corporation) was established in 1977 and is headquartered in Austin, Texas, U.S. It operates in more than 145 countries and is engaged in enterprise software, information technology, SaaS, and software.
Definition: Healthcare interoperability solutions enable the seamless exchange of information and data among different healthcare systems and entities.
