Analyze 2018: A Year in Review
The healthcare industry trends have been widely varied over the past year, from major mergers and acquisitions to an increased focus on security and data breaches. Using the HIMSS Analytics Logic Analyze platform, we've tracked these changes to understand what they mean for the industry and offer insight for vendors, providers and patients alike.
Let's revisit some of the highlights and updates from Logic Analyze features in 2018.
Mergers & Acquisitions
Healthcare system mergers and acquisitions continue throughout the United States. While the number of U.S. hospitals has remained about the same, the number of total healthcare systems has decreased from 2,233 in 2012 to 1,987 in 2018 — and with it, CIO positions have consolidated as well.
The CHI and Dignity Health merger, now expected to close January 2019, will create a health system called CommonSpirit Health. Together, the newly formed system will cover 19 states, 120 hospitals, over 18,500 beds and a service population of 50 million. Overall, it will have a net patient revenue of over $22 billion.
Additionally, there was a significant amount of acquisition activity among insurance providers, prescription plans, retail pharmacies and healthcare technology solution providers, including the Aetna/CVS Health and Cigna/Express Scripts mergers, which each totaled over $50 billion. Among the solution providers in Logic, 118 performed vendor mergers and acquisitions took place during 2018.
Steady Adoption of Logic Technologies
The Logic platform tracks over 200 technologies, and of these, nine technologies experienced increased adoption rates of two percentage points or more from 2017 to 2018, including:
- Specimen Collection Management System
- Physician Documentation
- Laboratory - Outreach Services
- Laboratory - Molecular Diagnostics
- Business Intelligence - Financial
- Anatomical Pathology
- Blood Bank
- Health Information Exchange
Notably, physician documentation technology is now at almost a 98 percent adoption level in the U.S., and specimen collection management systems, which saw the most accelerated adoption rates in 2018, are still only at a 52 percent adoption level.
Security Risks Became An Increasing Concern
The number of records affected by data breaches more than doubled this year, from 6 million records in 2017 to 14 million records for 2018 to date. The healthcare industry accounts for the largest number of security breaches globally. Currently, the U.S. Department of Health and Human Services lists 412 breaches under investigation.
In response to the increase in data breaches, HIMSS Analytics updated the EMR Adoption Model (EMRAM) criteria to require IT security technologies, such as anti-virus/anti-malware and mobile device management, for a Stage 6 or Stage 7 achievement.
A Spotlight On New HIMSS Analytics Maturity Models
The EMRAM is the most widely known and adopted HIMSS Analytics Maturity Model, but this year, the Analyze content library featured the early respondent profiles for two additional HIMSS Analytics maturity models.
The first, the Adoption Model for Analytics Maturity (AMAM), measures an organization's analytics capabilities. About half of the organizations surveyed achieved AMAM Stage 1 or higher, and only three organizations have received an AMAM Stage 7 designation to date.
The Infrastructure Adoption Model (INFRAM) is the newest HIMSS Analytics Maturity Model, released in November of 2018. Currently, half of early respondents to the INFRAM survey have achieved an initial score of Stage 4.
What Will 2019 Bring?
As 2018 comes to a close, we're all looking forward to what the new year will bring. Will U.S. healthcare systems continue to merge? Will we dampen security risks to private healthcare data? Which hospitals will achieve INFRAM Stage 6 or 7 first? Which emerging technologies will have the most impact on patient care?
Vendors and providers can keep these 2018 healthcare industry trends in mind as they recalibrate their strategies and reallocate their budgets for the new year. Through 2019, Logic Analyze will continue to feature a variety of topics to help understand the dynamic market.