With the continued move towards a comprehensive Health IT ecosystem, the Office of the National Coordinator for health IT held the first meeting of an 11-member task force to identify the potential security and privacy concerns around sharing sensitive healthcare information using APIs.
Transparency Market Research has issued a prediction that the healthcare API market will reach $243 million by the year 2024. However, it also said the size of the same market was $162M in 2015 (after the first decade of the API economy) which means only 50% decade over decade growth.
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.