E-health
companies hope to supply valuable technology and services that
have been designed to eliminate a great deal of current administration
and compliance healthcare costs. Costs associated with healthcare
record keeping, prescriptions, patient monitoring and in many
other areas as well. Using information technology, wireless
telecommunications devices and the Internet these companies
believe they can save as much as � of the $1.2 trillion a year
that the US now spends on its current administration and compliance
healthcare costs. E-health companies include industry leaders
like Cerner (CERN), Data Critical (DCCA), Medscape (MDLI) and
Allscripts (MDRX). These companies have developed technology that
make it possible for physicians to write or refill prescriptions
in mere seconds rather than minutes or hours using phones, PDA's
or dedicated wireless devices often eliminating potential mistakes
in communication. SG Cowen expects growth in this area to approximate
35% each year for the next several years. You might be interested
in our broader Medical
Products List.
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