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Opportunity Analysis of Clinical Terminology Needs in Health IT Markets

  • March 2016
  • 62 pages
  • Frost & Sullivan
Report ID: 3717446

Summary

Table of Contents

Role of SNOMED CT in Supporting Healthcare Big Data, Genomics, and Pharmacy IT

Healthcare interoperability is a global challenge for industry stakeholders. While a number of organizations are working towards developing and implementing industry standards, challenges emerge every day as technologies and their uses evolve. Advances in Big Data, genomics, and pharmacy information technology (IT) are helping to identify new applications and markets for healthcare IT, which will require a fresh approach towards standardization. This research, conducted in collaboration with the International Health Terminology Standards Organization (IHTSDO), explores opportunities for SNOMED CT expansion in emerging healthcare IT markets.

Executive Summary
Project Summary and Insights
- The healthcare industry is learning from its past mistakes and is expected to focus a lot more on data interoperability. However, the industry is changing fast with new technologies, stakeholders, and sources and uses of information flooding the landscape rapidly. Under these conditions, not just standards organizations, but all industry stakeholders need to think ahead and be prepared for the challenges of the future.
- Leading standards organizations are already moving in this direction by identifying future healthcare information technology (health IT) markets that will have a significant impact on the industry and present strong needs for interoperability.
- Frost & Sullivan recommends that the value proposition for interoperability standards resonate its benefits to patients. Current messaging of most interoperability standards is focused on vendors and providers and does not communicate clearly how it impacts patients.
- This study focuses on clinical terminology standards—in particular, SNOMED CT, because that is the most comprehensive reference terminology currently available. It will identify emerging healthcare IT markets and applications across healthcare Big Data, genomics, and pharmacy IT that hold a strong potential in the near future and will require development and implementation of industry standards in order to fulfill their goal.
- CT is a structured vocabulary used in medical practice to accurately and consistently describe patient conditions, care, and treatment.
- Consistent CT ensures interoperability of captured medical data, particularly across electronic systems.
However, clinical terminology standards differ across regions and countries and may or may not align with global standards.

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