Preview

2018 Global Healthcare EDI Industry 2018- Market Status, Dynamics & Trends by 2018

Good Essays
Open Document
Open Document
1093 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
2018 Global Healthcare EDI Industry 2018- Market Status, Dynamics & Trends by 2018
Electronic Data Interchange (EDI) has helped evolve the healthcare market for claims management and supply chain management to depend from paper based to electronic based mode of transactions. The benefits associated with the use of EDI such as cost reductions and reduced time of transactions has helped improve the acceptance of this technology in the healthcare market.
In this report the global healthcare EDI market is broadly segmented by components, type of transactions, end-users, and mode of delivery. The market based on components are further divided into EDI software and EDI services, whereas, the type of transactions are divided into claims status, eligibility verification, payment remittance, referral certification authorization, enrolment/disenrollment transactions, and premium payments. On the basis of end-users the market is sub-segmented into healthcare payers, healthcare providers, and medical equipment/accessories suppliers. Based on mode of deliveries, the market is divided into web-based EDI, point-to-point EDI, mobile EDI, EDI VAN, and EDI via AS2.
Inquire before Buying @ http://www.lifescienceindustryresearch.com/inquire-before-buying?rname=11357 .
Over the past few years, the healthcare EDI market has shown a substantial growth. The market is expected to grow at a CAGR of 13.7% from 2013 to 2018 to reach $1,681.1 million by 2018. EDI has been increasingly embraced by the healthcare industry, and is experiencing a growth due to various advantages associated with its use like reduction of the administration costs, reduced errors and time for transfer of claims, and initiatives by various governments. The passing of the Obamacare Act in 2010, in the United States has mandated the use of enrolment/disenrollment transactions between the payers and providers in the U.S., with the North American market contributing the maximum share of the global healthcare EDI market. The European market also occupies a significant share of the global healthcare
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Mis 330
    • 945 Words
    • 4 Pages

    Mis 330

    We gathered our information from a study conducted through surveys, and direct observation at INOVA hospital. INOVA hospital currently uses electronic medical record (EMR) system, however it is a first generation system, and lacks an integrated system through the hospital. Our findings showed this occurred because of early adoption of this technology and lack of planning when implementing the old system. In the old system, the departments are not connected to a central database. This creates the need to print medical records for transfer between departments, which causes errors, slow response time, increased cost, longer wait time, and redundancy of data.…

    • 945 Words
    • 4 Pages
    Good Essays
    Read More
  • Better Essays

    Nt1330 Unit 3 Assignment 1
    • 1092 Words
    • 5 Pages

    Nt1330 Unit 3 Assignment 1

    Computer technology continues to make rapid advances in healthcare facilities. Many healthcare facilities have used computer programs for administrative functions such as payroll and billing. Electronic health record (EHR) systems have the potential to transform the health care system from a mostly paper-based industry to one that utilizes clinical and other pieces of information to assist providers in delivering higher quality of care to their patients.…

    • 1092 Words
    • 5 Pages
    Better Essays
    Read More
  • Better Essays

    Hcs 514 Organizational Design Research Paper
    • 1079 Words
    • 5 Pages

    Hcs 514 Organizational Design Research Paper

    “EHR and EMR systems are critical enablers of the quality, process, and innovation demands of the current healthcare spectrum. The ability for healthcare workers to deliver excellent patient outcomes and maximum quality of life” (HealthIT.gov, 2013, para. 1) are essential in today’s health care industry. PrimeConnect allows health care providers to access complete, accurate information by which allowing patients to receive a higher standard of medical care. The adoption and use of electronic health records (EHRs) can improve patient outcomes due to the potential reduction in medical errors and the increased rate of appropriate diagnoses. Properly implemented, a comprehensive EHR system can provide “success in navigating the rapidly shifting regulatory, payment, demographic, consumerist, care practice/delivery, staffing, quality, and business model scenarios facing healthcare markets today” (HealthIT.gov, 2013, para.8).…

    • 1079 Words
    • 5 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Ethical Dimensions of Meaningful Use Requirements for Electronic Health Records 1
    • 391 Words
    • 3 Pages

    Ethical Dimensions of Meaningful Use Requirements for Electronic Health Records 1

    Hospitals, doctor’s offices, and care givers must meet the criteria of Electronic Health Record Program to become eligible for the Medicaid and Medicare Services (CMS). The first year, hospitals and Eligible Professionals (EP) do not have to demonstrate their important use, but are obligated to approve or upgrade to an (EHR) for them to receive payments for the services rendered. All work must be documented correctly in stage 1, (data capture & sharing)- stage 2 (Advance clinical processes), or stage 3 (Improved Outcomes)…

    • 391 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Mis 101
    • 2453 Words
    • 10 Pages

    Mis 101

    Electronic data interchange (EDI) is the structured transmission of data between organizations such as documents or business data from one computer system to another computer system electronically. The transmission is done from one business organization to another similar organization without human intervention. EDI can be used to describe the technology by which business documents (such as orders, invoices, shipping contracts, etc) are transmitted electronically. Under this concept, a file is copied to a diskette and loaded into another computer or transmitted over Internet or Intranet. A more precise definition implies direct computer-to-computer communication of business transactions in a standard format where each computer understands the meaning of each field without human assistance. EDI began in the early 1970s when the transportation industry (i.e. ocean, trucking and rail) formed the Transportation Data Coordinating Committee (TDCC). The TDCC is a non-profit organization in Washington DC and organizes data standards, formats codes, and protocols for the transportation of business documents. The first TDCC standard, composed of 45 transaction sets, was published in 1975. ASC X12 was introduced in 1979 and had the standards on those developed by the TDCC. Computer technology was not very developed that time and the majority of computers were mainframe computers running proprietary operating systems. There were numerous modem standards and most protocols for transmitting files were supplier specific. Even sending tapes was not easily accomplished because some used the 8 bit character encoding (EBCDIC system) to store alphanumeric data and some used ASCII. The basic reasons for the introduction of EDI include low cost, reduction in paper dependency, improved customer service, reduction in mistakes and improved competitiveness. Since the emergence of the Internet, EDI has received a great deal of research attention,…

    • 2453 Words
    • 10 Pages
    Powerful Essays
    Read More
  • Good Essays

    Hippa Regulations
    • 339 Words
    • 2 Pages

    Hippa Regulations

    HIPPA (Health Insurance Portability and Accountability Act), was passed in 1996. HIPPA has five purposes: to improve portability and continuity of health insurance coverage in the group and individual markets; to combat waste, fraud, and abuse in health insurance and health care delivery; to promote the use of medical savings accounts; to improve access to long-term care services and coverage; and to simplify the administration of health insurance and for other purposes. HIPPA accomplish these purposes by including a series of “administrative simplification” (AS) provisions that required the DHHS (Department of Health and Human Services) to adopt national standards for electronic health care transactions. The provisions called for an establishment of standards related to EDI (electronic data interchange) of specific administrative and financial transactions, while still protecting the security and privacy of transmitted information. AS, also, includes standards for transactions and code sets, unique identifies, security and electronic signature, and privacy and confidentiality (Healthcare Informatics: An Interdisciplinary Approach (2002)).…

    • 339 Words
    • 2 Pages
    Good Essays
    Read More
  • Better Essays

    Annotated Bibliography: Electronic Medical Records
    • 1118 Words
    • 5 Pages

    Annotated Bibliography: Electronic Medical Records

    Gabriel, M. H., Furukawa, M. F., Jones, E. B., King J., Samy, L. K. (2013 September). The Implementation and Use of Electronic Health Records to Achieve Meaningful Use and Critical Access Hospitals. ONC Data Brief, No. 12. Washington, DC: Office of the National Coordinator for Health Information Technology. Retrieved from http://www.healthit.gov/sites/default/files/cahdata_brief12.pdf…

    • 1118 Words
    • 5 Pages
    Better Essays
    Read More
  • Best Essays

    Switching to Electronic Health Records
    • 1748 Words
    • 7 Pages

    Switching to Electronic Health Records

    References: Amatayakul, M. (2005). Are You Using an EHR Really?Electronic Health Records Can Support Patient Care Cost Effectively But Only If They’re Used as Intended. Retrieved from: http://findarticles.com/p/articles/mi_m3257/is_11_59/ai_n15786315/?tag=content;col1…

    • 1748 Words
    • 7 Pages
    Best Essays
    Read More
  • Satisfactory Essays

    University of Phoenix Electronic Medical Records
    • 268 Words
    • 2 Pages

    University of Phoenix Electronic Medical Records

    Many health care facilities have a hard time keeping up with claims and payments in medical records. Some facilities hire people just to handle these tasks. If not properly monitored, it can cause problems in patients’ accounts. Health care facilities use electronic medical records to improve profitability while reducing the time it takes to submit and receive payment for claims. Many of the facilities purchase software with billing and claims. Some of the advantages of using the EMR system is that they can improve patient care. There is less potential for medical errors as well as improved quality and safety in patient care. Another advantage is that it allows more time to spend with patients Physicians and nurses have more time to spend with patients rather than wasting entirely too much of valuable time searching for, waiting for, and correcting information EMRs create more time for the work we are trained to do. Currently, as healthcare professionals, we spend as much time performing administrative tasks as we do caring for our patients. Some of the disadvantages are the expensive start-up costs and the costs of training that is involved. Another disadvantage is that there are many EMR systems and many facilities may use a different system other than the patient’s primary care facility, and those records may not be available to at the time of the patient’s visit. An example of a challenged faced when implementing a universal EMR system is choosing a proper systematic approach to the identity problem and training health care personnel to work with a paperless…

    • 268 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    HCS 449 Week 2 Health Care Industry
    • 1362 Words
    • 4 Pages

    HCS 449 Week 2 Health Care Industry

    Within the next 10 years I believe that the electronic medical record (EMR) systems companies will have to collaborate to create the ability for all the different records systems to talk to each other so that the EMR truly is available wherever you are receiving care across the nation. This is a vital function that is quickly getting out of control by competing companies who are making the software for EMR. When a patient is within a system like Kaiser and the EMR is available to any physician in the same system the information is right at hand. However, when a Kaiser patient is traveling to a state that does not have a Kaiser facility and the patient needs care that patient’s records are not available in the treating facility because they are not in the same system or linked together so records can be shared. When the different health care systems have the ability to universally see the patient’s entire record they have a solid foundation on how to approach the patient’s care and have a better opportunity at a positive outcome. The providers won’t have to rely on the patient to repeat their medical history or on a family member to try and remember the patient’s history. This is a very lofty goal to reach in the next ten years but it is a goal that ultimately allows the patient to…

    • 1362 Words
    • 4 Pages
    Better Essays
    Read More
  • Better Essays

    Hsa 500 Week 2 Health Care Research Paper
    • 1835 Words
    • 8 Pages

    Hsa 500 Week 2 Health Care Research Paper

    health care system is dysfunctional and can no longer continue as it currently operates. With or without Affordable Care Act (ACA), there is a need for a deep change. The United States spends more money on health care because a nation is less healthy on the average than the rest of the developed world. The system is dysfunctional and ACA is fast-tracking the process of changes that will be faced by the economic and business challenges by health care organizations. The required adjustments to healthcare organizations operating budgets and methodologies for delivering medicine may become a big issue. Health care organizations will have to go from volume-based reimbursement in medicine based on the number of procedures done or patients seen to a value-based system that will give the same money for every patient regardless of the procedure performed. Health care organizations may have lower income since they will treat more patients. They may face cost-pressure factors such as the overall cost of medical care and the increased incidence of chronic disease, cost transparency and reference pricing, increased government role in paying for care, increased coverage and limited highly skilled medical workforce There is a prediction that forty million more people will be covered nationally, at reimbursement rates below the cost of providing that care (Adams et al.,…

    • 1835 Words
    • 8 Pages
    Better Essays
    Read More
  • Good Essays

    Pros And Cons Of Ehr
    • 850 Words
    • 4 Pages

    Pros And Cons Of Ehr

    For a successful transition of implementing an electronic medical record system, the computing service must be reliable, accessible, and have high-speed internet. Clinicians must integrate EMR systems into their workflow, and know how to function when the system is unavailable. Disruptions in workflow or information transfer can jeopardize patient safety. “Many situations exist where the use of eCommerce principles would be appropriate to establish new eHealth solutions, and these warrant extensive research investigation” (Morrissey, 2006). There are several articles cited in the Guest Editors’ Introduction: EHealth and Services Computing in Healthcare article that address issues such as the business process modeling within healthcare, its requirements and the…

    • 850 Words
    • 4 Pages
    Good Essays
    Read More
  • Better Essays

    Patient Intake Process
    • 893 Words
    • 4 Pages

    Patient Intake Process

    Again, the question at hand is how the whole process can be made more efficient, not only for the office staff and physician, but also for the patient. The use of electronic health information change can make the process more efficient. “Health care organizations need to do more to help patients realize the full benefits of electronic data from emerging health information exchange systems, according to a new study commissioned by Consumers Union that appears in the March 2012 Health Affairs”, according to American Nurse. With the development of the electronic health information exchange networks, patient’s information…

    • 893 Words
    • 4 Pages
    Better Essays
    Read More
  • Good Essays

    Medicare Ineffective Payment
    • 1747 Words
    • 7 Pages

    Medicare Ineffective Payment

    United States expenditure on the healthcare system is much more than any other developed country in the world. Despite spending trillions of dollars there are more than 29 million Americans who lack the health insurance. US healthcare system works as a market place where multiple stakeholders including government agencies, public and private insurers and other investors work in liaison to provide healthcare to US citizens. This creates an essence of a business model where healthcare is considered in terms of profits and loss as oppose to service for the destitute. The US healthcare spending has been on the rise since the past many decades attributed to the changing landscape in medical technology…

    • 1747 Words
    • 7 Pages
    Good Essays
    Read More
  • Good Essays

    Affordable Care Reform
    • 1656 Words
    • 7 Pages

    Affordable Care Reform

    There have been numerous failed attempts to reform the United States healthcare system over the years. However, the most recent attempt that has been implemented is the Affordable Care Act, under the Obama Administration. As a result, since 2010 changes have been implemented to reform the United States healthcare industry, which affects the insurers, providers, and the subscribers in different ways. Consequently, the Affordable Care Act does not have full support from everyone and it faces numerous challenges (Bodenheimer & Grumbach, 2012). Overall, it is estimated that 2.6 trillion dollars is spent on healthcare in the United States each year (Van Gorder & Topol, 2012). Therefore, it is essential to acknowledge the inflation in healthcare…

    • 1656 Words
    • 7 Pages
    Good Essays
    Read More

Related Topics