Tuesday, January 16, 2007

Healthcare Investments Flow into Personalized Medicine

Word on the Street...

This year, the health care industry will make fewer IT investments in daily business operational processes, but will spend more money on technologies and processes that drive information sharing and decision making, finds a new report by Health Industry Insights, a market research firm. Of the 10 key changes predicted to happen this year, more than half address the issue of IT investments in cross-industry collaboration, the firm says. "Among the significant changes unfolding, we expect to see increased investments in areas that support better cross-industry collaboration, like electronic health records, personalized health, pay for performance, and data warehousing and analytics," says Scott Lundstrom, vice president of research at Health Industry Insights. According to the report, decision making at the point of care will drive real-time analytics this year. Health Industry Insights says it expects this drive to have a major impact across the health ecosystem. The firm adds that it specifically anticipates: (1) process analytical technologies initiatives to drive pharmaceutical manufacturer investment in real-time analytics to mitigate risk and improve patient safety, (2) personalized health research dividends to emerge in commercial clinical care software products

The Personal Pediatrics team is happy to see money flowing into Personalized Healthcare

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