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Health Information Exchange Market is Expected to Reach $2.0 billion | MarketsandMarkets.

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Chicago, March 10, 2023 (GLOBE NEWSWIRE) — The Health Information Exchange industry is set to experience a major transformation over the next few years, as advances in technology make it easier for healthcare providers to manage patient data, automate processes, and improve patient care. As the industry continues to grow, more companies will enter the market with innovative products and services that streamline healthcare administration and improve patient care. In particular, artificial intelligence (AI) and machine learning (ML) are expected to revolutionize the Health Information Exchange (HIE) industry, as AI-based solutions become increasingly more accessible and affordable. These technologies can help healthcare providers make more accurate diagnoses, improve patient outcomes, and reduce costs. Additionally, cloud computing and data analytics are also expected to play a key role in the future of Health Information Exchange (HIE), as they enable providers to securely store and analyze patient data. As the Health Information Exchange (HIE) industry continues to expand, providers will be able to leverage these technologies to better deliver care and improve patient outcomes.

The global Health Information Exchange market in terms of revenue was estimated to be worth $1.1 billion in 2020 and is poised to reach $2.0 billion by 2025, growing at a CAGR of 12.2% from 2020 to 2025 according to a latest report published by MarketsandMarkets™. Growth in this market is driven by factors such as the growing focus on patient-centric care delivery, the growing need to curtail healthcare costs, government initiatives for enhancing patient care and safety, and government funding for healthcare interoperability. On the other hand, factors such as lack of true interoperability solutions, lack of standards, data privacy and security concerns, the need for significant investments in infrastructure development and the use of outdated legacy systems are expected to restrict market growth to a certain extent in the coming years.

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Health Information Exchange (HIE) Market Scope:

Report Coverage Details
Market Revenue in 2020 $1.1 billion
Estimated Value by 2025 $2.0 billion
Growth Rate Poised to grow at a CAGR of 12.2%
Market Size Available for 2018-2025
Forecast Period 2020–2025
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Setup Type, By Implementation Model, By Type, By Application, By Solution, By End Users &  by Region
Geographies Covered North America, Europe, Asia Pacific, ROW
Report Highlights Updated financial information / product portfolio of players
Key Market Opportunity Improving healthcare infrastructure in emerging markets
Key Market Drivers Government support for the adoption of EMR solutions

Notable Health Information Exchange (HIE) mergers and acquisitions for 2021 – 2022 include:

  • Change Healthcare acquired the health information exchange (HIE) startup Caradigm from Microsoft in April 2021.
  • Cerner Corporation acquired HealtheConnections, an HIE in Upstate New York, in February 2021.
  • Allscripts acquired the health information technology company Zynx Health in May 2021.
  • IBM Corporation acquired the health data analytics company Phytel in June 2021.
  • Interoperability specialist Orion Health acquired the HIE provider Medicity in October 2021.
  • Meditech acquired the HIE provider HIE Networks in November 2020.
  • The health information exchange service Healthix acquired the HIE provider Diameter Health in December 2020.

Growth Drivers of Health Information Exchange (HIE) Market from Macro to Micro:

  • Government Initiatives: Governments are actively encouraging the adoption of health information exchange systems in order to improve the quality of healthcare services, reduce healthcare costs and improve patient safety. The government has implemented several policies and initiatives to promote the use of HIEs, such as the Health Information Technology for Economic and Clinical Health (HITECH) Act in the U.S. and the Personal Information Protection and Electronic Documents Act (PIPEDA) in Canada.
  • Integration of Data: The integration of data from multiple healthcare organizations enables doctors to access complete patient records from different healthcare providers and organizations. This enhances the quality of healthcare services and helps healthcare providers make more informed decisions.
  • Increased Efficiency: HIEs enable healthcare providers to exchange health information quickly and securely, which increases the efficiency of healthcare services. Health information exchange systems provide healthcare providers with real-time access to patient data, which enables them to make more informed decisions and provide better care.
  • Cost Savings: Health information exchange systems enable healthcare organizations to reduce costs associated with data storage, data sharing and health records management. HIEs enable healthcare organizations to reduce the need for paper-based records and to streamline the process of transferring information between healthcare organizations.

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Hypothetic Challenges of Health Information Exchange (HIE) Market in Near Future:

  • Increasing interoperability complexity: As the healthcare industry continues to move towards the adoption of electronic health records (EHRs) and other forms of digital health data exchange, the complexity of interoperability is increasing. To ensure that all data is securely and efficiently exchanged, HIEs must develop and implement a comprehensive interoperability strategy.
  • Balancing data privacy and security: With the increasing exchange of health data, privacy and security remain a top priority for HIEs. As such, HIEs must continue to develop and implement robust data security protocols to uphold patient confidentiality and protect the integrity of exchanged data.
  • Navigating regulatory compliance: As healthcare data exchange becomes more widespread, HIEs must stay abreast of changing regulations and ensure compliance across all jurisdictions. This includes understanding and adhering to regulations such as HIPAA and HITECH, as well as state-specific regulations.
  • Adapting to evolving technology: As technology continues to evolve, so too must HIEs. HIEs must ensure they have the necessary infrastructure to support emerging technologies such as AI and machine learning. Additionally, they must be prepared to integrate new data sources, such as wearables and connected medical devices.
  • Overcoming limited resources: HIEs often operate on tight budgets, making it challenging to invest in new technologies and solutions. As such, HIEs must be strategic and creative in their approach to leveraging existing resources and identifying cost-effective solutions.

Top 3 Use Cases of Health Information Exchange (HIE) Market:

  • Clinical Data Exchange: HIEs facilitate the secure exchange of clinical data among healthcare entities, such as hospitals, clinics, and other providers. This exchange of information allows for improved collaboration and coordination of care among multiple providers, leading to improved patient outcomes.
  • Patient Access to Health Information: HIEs also provide patients with access to their health information, allowing them to view records, lab results, and other data related to their care.
  • Quality Improvement: HIEs enable healthcare organizations to measure and track the quality of care delivered to patients, allowing them to identify areas for improvement. This data can then be used to develop evidence-based strategies to improve patient care.

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Artificial Intelligence

Sasken and JOYNEXT forge strategic partnership to accelerate innovation and expand global footprint

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BANGALORE, India, April 16, 2024 /PRNewswire/ — Sasken Technologies Limited, a leading provider of product development and digital transformation services, and JOYNEXT, a respected Tier1 player in the automotive industry, announced a strategic partnership to collaborate on the development and launch of cutting-edge platforms for both in-vehicle systems (navigation, digital cockpit and 5G telematics) and off-vehicle cloud and digital services leveraging emerging technologies for the automotive industry.

Sasken and JOYNEXT will leverage their complementary expertise, global presence, and strong ecosystems to deliver innovative and integrated solutions to the automotive industry. This collaboration will enable faster time to market with the best IPs and provide unparalleled support throughout the product development process. By combining JOYNEXT’s proven advanced automotive solutions with Sasken’s innovative automotive hardware and software capabilities, including chip-to-cloud cognitive engineering, connected car solutions, optimised edge computing solutions, computer vision, generative AI, and cybersecurity, the partnership aims to address the complex needs of the automotive market while delivering enhanced customer experiences.
“We are excited to collaborate with JOYNEXT, as their automotive industry expertise aligns perfectly with Sasken’s ambition to maintain a leadership position in the global automotive market,” said Mr. Abhijit Kabra, CEO, Sasken Technologies. “By leveraging our respective strengths, we can provide unique value to our customers and accelerate technological advancements in the automotive industry.”
The partnership began with a multi-year collaboration focused on automotive software maintenance for navigation and ASPICE compliance. It also includes the definition and implementation of enhancements for new products to keep pace with evolving Software Defined Vehicle (SDV) architectures. Sasken will drive the initiative to address EV challenges such as range anxiety, compatibility with navigation ecosystem players, increasing driver confidence by incorporating real-time data on charging points, driving terrains and integration with ADAS systems. Proprietary algorithms will optimise battery range for safer, more efficient journeys.
“We at JOYNEXT are excited to join forces with Sasken,” said Stavros Mitrakis, CEO of JOYNEXT. “By leveraging Sasken’s strong hardware and software capabilities and our extensive automotive domain knowledge, we will be able to develop solutions that not only address today’s challenges, but also anticipate the needs of the future. We are confident that this partnership will enhance our product offering and enable us to deliver more innovative, safer, and more enjoyable driving experiences to our customers.”
The aim of the partnership between Sasken and JOYNEXT is not only to push the boundaries of product innovation, but also to ensure that products reach the market more efficiently, equipped with the latest technology and tailored to meet the ever-changing demands of consumers.
About Sasken:
Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition engineering R&D and Digital Transformation services to global leaders in Automotive, Semiconductor, Transportation, Industrials, Consumer Electronics, Enterprise Devices, SatCom and Telecom industries. For over 30 years and with multiple patents, Sasken has transformed the businesses of 100+ Fortune 500 companies, powering more than a billion devices through its services and IP. For more information, visit www.sasken.com 
JOYNEXT – WE CONNECT FUTURE
JOYNEXT is a leading AutoTech company, the Automotive Connectivity Business Unit of Joyson Electronics. Headquarters in China, JOYNEXT marks our global presence in Germany, Poland, France, US, Japan, etc. We develop technologies for intelligent connected vehicles and provide a highly personalized mobility experience that is empathic, safe, and adaptable. Our 1,500+ employees work at 7 R&D centers, 3 global manufacturing locations, and 4 customer canters around the world.
For more than two decades, JOYNEXT has been working as the development partner and system supplier of renowned car manufacturers and established long-term partnerships with various well-known OEMs. Our intelligent cockpit and smart connectivity products are equipped in millions of vehicles worldwide, complemented by our capabilities in developing autonomous driving technologies and software products, which lay a solid foundation for the cockpit and driving fusion facing the era of Central Computing Units.
Balancing innovation with sustainability, we are committed to contributing to industry transformation together with our eco-partners, such as Microsoft, HUAWEI, Qualcomm, Horizon Robotics, Black Sesame, Elektrobit, and QNX to deliver a smarter driving experience for end users. www.JOYNEXT.com
Media Contact:Rekha Sahay GhoshHead of Marketing & CommunicationsE: [email protected]: +91 080 6694 3009
Sasken Technologies Limited139/25, Ring Road, Domlur, Bengaluru 560071, IndiaT: +91 80 6694 3000, E: [email protected]: L72100KA1989PLC014226 | www.sasken.com
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IDnow bridges the AI-human divide with new expert-led video verification solution

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New VideoIdent Flex elevates trust with a human touch in the face of rising fraud and the closing of physical bank branches
LONDON, April 16, 2024 /PRNewswire/ — IDnow, a leading identity verification provider in Europe, has unveiled VideoIdent Flex, a new version of its expert-led video verification service that blends advanced AI technology with human interaction. The human-based video call solution, supported by AI, has been designed and built to boost customer conversion rates, reduce rising fraud attempts, increase inclusivity, and tackle an array of complex online verification scenarios, while offering a high-end service experience to end customers.

The company’s original expert-led product, VideoIdent, has been a cornerstone in identity verification for over a decade, serving the strictest requirements in highly regulated industries across Europe. VideoIdent Flex, re-engineered specifically for the UK market, represents a significant evolution, addressing the growing challenges of identity fraud, compliance related to Know-Your-Customer (KYC) and Anti-Money Laundering (AML) processes and ensuring fair access and inclusivity in today’s digital world outside of fully automated processes.
Empowering businesses with flexible human-based identity verification
As remote identity verification becomes more crucial yet more challenging, VideoIdent Flex combines high-quality live video identity verification with hundreds of trained verification experts, thus ensuring that genuine customers gain equal access to digital services while effectively deterring fraudsters and money mules. Unlike fully automated solutions based on document liveness and biometric liveness features, this human-machine collaboration not only boosts onboarding rates and prevents fraud but also strengthens trust and confidence in both end users and organisations. VideoIdent Flex can also serve as a fallback service in case a fully automated solution fails.
Bertrand Bouteloup, Chief Commercial Officer at IDnow, commented: “VideoIdent Flex marks a groundbreaking advancement in identity verification, merging AI-based technology with human intuition. In a landscape of evolving fraud tactics and steady UK bank branch closures, our solution draws on our decade’s worth of video verification experience and fraud insights, empowering UK businesses to maintain a competitive edge by offering a white glove service for VIP onboarding. With its unique combination of KYC-compliant identity verification, real-time fraud prevention solutions, and expert support, VideoIdent Flex is a powerful tool for the UK market.”
Whereas previously firms may have found video identification solutions to be excessive for their compliance requirement or out of reach due to costs, VideoIdent Flex opens up this option by customising checks as required by the respective regulatory bodies in financial services, mobility, telecommunications or gaming, to offer a streamlined solution fit for every industry and geography.
Customisable real-time fraud prevention for high levels of assurance
VideoIdent Flex has a number of key features and benefits:
Customisable: Pre-defined configurations to meet specific industry requirements and regional regulations.Expert-led: High-quality live video verification conducted by trained identity verification experts, ensuring accuracy, reliability, and compliance for high levels of assurance.Extensive document coverage: Support for a wide range of documents, facilitating global expansion and inclusivity.Real-time fraud prevention: Advanced fraud detection capabilities, including AI-driven analysis and manual checks, combat evolving fraud tactics and help protect against social engineering fraud, document tampering, projection and deepfakes, especially for high-risk use cases and goods.Verification of high-risk individuals: Reviewing applications from high-risk persons, such as Politically Exposed Persons (PEPs), high-risk countries; or assessing where fraud might be expected with real-time decisions, without alerting suspicion.Bouteloup concluded: “Identity verification is incredibly nuanced; it’s as intricate as we are as human beings. This really compounds the importance of adopting a hybrid approach to identity – capitalising on the dual benefits of advanced technology when combined with human knowledge and awareness of social cues. With bank branches in the UK closing down, especially in the countryside, and interactions becoming more and more digital, our solution offers a means to maintain a human relationship between businesses and their end customers, no matter their age, disability or neurodiversity.   
“VideoIdent Flex is designed from the ground up for organisations that cannot depend on a one-size-fits-all approach to ensuring their customers are who they say they are. In a world where fraud is consistently increasing, our video capability paired with our experts adds a powerful layer of security, especially for those businesses and customers that require a face-to-face interaction.”
About IDnow
IDnow is a leading identity verification platform provider in Europe with a vision to make the connected world a safer place. The IDnow platform provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted from purely online to point-of-sale, each of them optimized for user conversion rates and security.
In 2021, IDnow acquired the French market leader for identity technology, ARIADNEXT, and the German identity Trust Management AG, enabling IDnow to offer its customers one of the broadest identification solutions through a single, integrated platform.
The company has offices in Germany, United Kingdom, and France and is backed by renowned institutional investors, including Corsair Capital and Seventure Partners. Its portfolio of over 900 international clients spans a wide range of industries, and includes leading international players, such as UniCredit, Telefonica, Sixt, Crédit Agricole, BNP, and Munich Re, as well as digital champions like N26, Solarisbank, Younited Credit, BoursoBank, Klarna and Tier mobility.
Press contact IDnowKatherina [email protected]+49 89 41324 6030
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MYCOM OSI Launches AInsights Availability in AWS Marketplace

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LONDON, April 16, 2024 /PRNewswire/ — MYCOM OSI, a leading independent provider of Network Assurance and Service Experience Assurance solutions to some of the world’s largest communications service providers (CSPs), announced today that AInsights, is now available in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). 

AInsights application offers predictive AI-based insights, combined with a comprehensive Data Fabric that powers Big Data Lakes with normalized network and service data. This critical enhancement to MYCOM OSI’s EAA suite enables CSPs to continuously predict the performance of their network and services, and to proactively identify and resolve problems before they impact their customers. This is specifically essential for the delivery and the assurance of high reliability and low latency 5G enterprise services.
The MYCOM OSI AInsights application is available as part of its SaaS offering operated on Amazon Web Services (AWS) as well as the CSPs’ hybrid cloud architecture. With this, MYCOM OSI customers and partners will benefit from high scalability and low-error predictive data insights from the network and its services in near real-time. AInsights’ replicable data models can be applied to different network functions for a deeper 360-degree network view. A factory approach using Open APIs enables intelligent data to be consumed seamlessly by any component of the CSP ecosystem.
AWS customers will now have access to AInsights, enabling predictive operations and assurance of CSP networks, directly within AWS Marketplace. This provides AWS customers with the ability to streamline the purchase and management of AInsights application within their AWS Marketplace account. 
“We are delighted to offer AInsights’ unique AI-driven insights to communications service providers to support their growth and transformation plans through AWS Marketplace,” said Mounir Ladki, President and CTO at MYCOM OSI. “With AInsights, CSPs can rapidly move from reactive to predictive assurance and operations of their networks and services. By accessing AInsights in AWS Marketplace, customers can quickly take their first step in achieving benefits of predictive AI-based insights to automate network operations and maximize customer experience.”
AInsights is now generally available in AWS Marketplace. Please visit https://aws.amazon.com/marketplace/pp/prodview-p4ikrghvc24dq for more information.
For information on MYCOM OSI and its Service Assurance offerings please visit www.mycom-osi.com. To arrange a discussion with MYCOM OSI, click here or contact the team at [email protected], +447719820492

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