McKesson, Philips, Siemens, Epic, GE, Allscripts, MEDITECH... You don’t have to be a gambler to know it’s a sure bet that there isn’t anyone in health IT who hasn’t heard of these companies.
Recently, we joined these leaders on the annual Healthcare Informatics 100 list, which spotlights the companies with the highest reported revenue in the year prior. It’s our first appearance on the list and after multiple years with continued double digit growth and expansion, we expect to be on the list for years to come.
Rankings aside, our appearance on the list points to something more significant, and that is the growing importance and emphasis on integrating medical device data with clinical information systems throughout a healthcare enterprise. Clearly, healthcare organizations are beginning to understand that there is much more that they can do with their device data – like feed real-time patient and system data to predictive analytics and patient surveillance applications, early warning scoring systems, and overall system management applications.
These areas can have a big impact on the quality and efficiency of patient care. As reported in November 2013 by Transparency Market Research, the global medical device connectivity (MDC) market has a projected compounded annual growth rate (CAGR) of 37.8% through 2019 with the total market size reaching $33.5 billion. It appears, we’ve only touched the tip of the iceberg. Integrating medical device data will only grow in importance as more healthcare moves ourtside the hospital to ambulatory, skilled nursing and long-term care settings, for example.
With our announcement at HIMSS14 of SmartLinx, healthcare’s first Medical Device Information System, Capsule’s made a commitment to address both the clinical and operational components of managing medical devices and patient data. More important, we’ve made a commitment to help our customers get far more from this critical, real-time patient data that’s captured directly at the point-of care.Yesterday we automated medical device data to your EMR. Today we committed to helping our customers do much, much more with your data with an integrated connectivity, documentation, and decision support platform that is smart, and getting smarter all of the time.