Every year, Americans spend more than $3 trillion on healthcare, a figure that is projected to rise to $5 trillion in the next decade. With healthcare spending approaching 20% of the U.S. GDP, a huge effort is underway to control costs. Not surprisingly, many believe that technology has a key role to play in increasing efficiency and reducing unnecessary expenditures, and significant investments in technology are creating opportunities for healthcare technology businesses.
Before the first iPhone was released in June 2007, it was remarkably easy to question just how large the consumer market for smart phones would be. Similar questions are being raised about “wearable” internet-connected devices but perhaps with the iPhone lesson in mind, a growing number of companies are unveiling offerings targeting the nascent wearables space. The latest: Google.
With the potential to reduce the cost of healthcare and improve access to services, telemedicine — in which healthcare providers such as doctors interact with patients through electronic means — is an increasingly important part of the healthcare industry. By some estimates, telemedicine will be a multibillion-dollar market by the end of the decade.
ProgrammableWeb initially covered FoodEssentials in 2012 when its LabelAPI matched around 75% of scanned product labels from developer partners. Since then, its database has grown to include the lion’s share of all products sold in the U.S. market. As FoodEssentials gets ready for another SXSW, ProgrammableWeb caught up with FoodEssentials’ Tyler Olsen to learn more about LabelAPI’s success, growth and future.
TigerText, secure mobile messaging platform, announced a $21 million second round of funding. The new funding will be dedicated to growth and further development of the TigerText API. The API focus will concentrate on integration with EHRs, PACs, and laboratory information systems. TigerText CEO, Brad Brooks, believes that secure messaging is moving towards a new era. Instead of a compliance tool, Brooks believes secure messaging will soon be considered a value add.
Claiming.com.au is set to launch an Australian Medicare API that should drastically improve eClaiming processes for developers working with the state funded and run healthcare system. Although Medicare has served as the primary healthcare system in Australia for almost 30 years, the system has run into major bottlenecks as its technological infrastructure has not always kept up with demand. The API allows software vendors to integrate online claiming with Medicare and the Department of Veteran’s Affairs.
There’s no shortage of controversy when it comes to healthcare these days, but from a developer perspective, the increased usage of electronic medical records (EMR) represents a potential boon. The challenge is that a lot of those records are locked up in proprietary systems that for the most part are fairly inaccessible.
Programmamble Web has covered the electronic health records leader Practice Fusion as its API story has developed. Apparently, its API strategy will continue to grow as Practice Fusion just bagged $15 million in additional funding to expand its tools and API portfolio. The expanded API offering aims to expand the opportunities available to health device developers.
karmadata, a collaborative data service and platform, has announced the launch of the new karmadata App Gallery and the official release of “Indicate Investigators”, an app that uses the karmadata API and is the first to be listed in the new App Gallery. As reported by ProgrammableWeb, karmadata officially announced the launch of the new karmadata website and industry data platform at the 2013 Data 2.0 Summit held earlier this year in San Francisco.
With winners announced and organizers now regrouping to analyze the next stages, the Novartis mHealth Challenge – held last weekend in San Francisco and giving away over $40,000 in prize money – has demonstrated that for developers looking to aggregate APIs together into a health-focused, consumer-facing end-product, there is still plenty of room to enter the growing market. ProgrammableWeb spoke to Cheryl Cheng, one of the organizers of the hackathon and winners from Sense.ly to see what other API developers can learn from the outcomes.