LONDON, March 21 /PRNewswire/ -- Healthcare IT vendors in Europe are expanding their product portfolios through mergers and strategic alliances with information technology (IT) service providers as well as clinical information system vendors. By creating customised solutions, market participants will not only be able to provide a wide range of products, but also increase their market share.
“The integration of data from the medical devices, although laden with multitudinous challenges, holds the key to market success,” says Frost & Sullivan (http://patientmonitoring.frost.com) Senior Research Analyst Ms. Aarati Ajay. “The assimilation of data is becoming mandatory due to an ever-increasing interest in integrating patient data into one common data pool that clinicians can access to make informed judgments on the future course of treatments.”
The cumbersome process of procuring essential information, collecting medical reports and paying the bill at different units in a hospital setup can be avoided by successfully integrating patient monitoring systems with IT ones. Eventually, such a system is expected to help in not only regulating records of patients’ vital information, but also in monitoring budgetary spends and streamlining the hospital’s workflow.
“Hospital administrators, medical staff and even patients are likely to profit from the integration of data into a common source,” says Ms. Ajay. “In addition to better work flow and clinical data support for superior decision making, there are proven cost advantages also attached to the process of integrating IT systems with patient monitoring ones.”
However, connectivity issues are restraining device manufacturers and clinical systems vendors from being proactive in integrating medical devices with IT. Vendors in both the fields, patient monitoring as well as the information systems, are reluctant to devise a solution for connectivity problems since such efforts would require considerable investment along with the possibility of moving away from their respective core competencies.
A change in data protocols and a more innovative approach towards the formulation of standards for data formats are likely to accelerate the integration of the two platforms. Establishing a level of agreement among market participants towards faster formulation and adoption of uniform data standards is expected to ensure a stable and secure market.
While current adoption rates of IT integration in hospital systems is less than 5 per cent, there is likely to be a radical change in terms of such integration in the healthcare industry by 2008. Despite the ambiguity relating to the technical possibilities of assimilating medical systems with more networking capabilities, integration is likely to be the key to a better medical delivery process. A symbiotic association between the various stakeholders in the market holds the key to success for the integration of patient monitoring systems with IT in Europe.
Integration of Patient Monitoring Systems with IT in Europe is part of the Patient Monitoring Subscription, which also includes research in the following markets: hospital information system, clinical information system and patient monitoring system. Further integration issues and concerns of vendors; technology trends analysis; strategic product analysis benchmarking, identification of major market challenges and suggestions of appropriate strategies also is an integral part of this study. All research included in subscriptions provide detailed market opportunities and industry trends. All research is evaluated following extensive interviews with market participants. Interviews are available to the press.
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Integration of Patient Monitoring Systems with IT in Europe B695-56 Contact: Radhika Menon Theodore, Corporate Communications, Europe P: +91-44-42044541, F: +91-44-24314264, E: rmtheodore@frost.com; Melina Trevino, Corporate Communications, Americas P: +1-210-247-2440, F: 210-348-1003, E: melina.trevino@frost.com; Surbhi Dedhia, Corporate Communications, India P: +91-22-2832-4705 Ext: 131, E: sdedhia@frost.com; Jasminder Kaur, Corporate Communications, Asia Pacific P: +65-68900937, E: jkaur@frost.com; Sharmin Jassal, Corporate Communications, Australia P: +61-2-8247-8900, F: +61-2-9252-8066, E: sjassal@frost.com. www.frost.com
Keywords in this release: patient monitoring systems, Europe, IT, clinical information systems, hospital information systems, picture archival and communication systems, PACS, electronic medical records, EMRs, computerised physician order entry systems, CPOE, Laboratory information systems, LIS, radiology information systems, RIS, clinical data, proprietary data formats, e-health, research, information, market, trends, technology, service, forecast
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CONTACT: Radhika Menon Theodore, Corporate Communications, Europe P:+91-44-42044541, F: +91-44-24314264, E: rmtheodore@frost.com. MelinaTrevino, Corporate Communications Americas, P: +1-210-247-2440, F:+1-210-348-1003 E: melina.trevino@frost.com. Surbhi Dedhia, CorporateCommunications India P: +91-22-2832-4705 Ext: 131, E: sdedhia@frost.com.Jasminder Kaur, Corporate Communications - Asia Pacific P: +65-68900937 E:jkaur@frost.com. Sharmin Jassal, Corporate Communications - Australia P: +61-2-8247-8900, F: + 61-2-9252-8066 E: sjassal@frost.com. www.frost.com
