Best of Health IT News: Week of 05/21/15

Did you have a chance to check out the latest healthcare IT news stories around the Web? We’ve captured the top industry news stories from this week that you won’t want to miss.

ACO Offers Population Health Pointers for Beginners 

Healthcare IT News reports that Rishi Sikka, MD, Senior Vice President of Clinical Transformation for Advocate Health Care, has offered some advice for healthcare organizations looking to implement population health. He states that the first step is to establish the "why" -- your organization's specific goals for population health. 

ICD-10 Implementation Vital for Value-based Care Payments

The Coalition for ICD-10 has touted the importance of ICD-10 in moving the healthcare industry towards value-based care, because ICD-9 codes do not have the same capabilities as the newer set. However, many physician groups are still opposed to the ICD-10 implementation and are pushing for additional delays. 

Global Telemedicine Market to Reach $21B by 2020 

According to HIT Consultant, the global telemedicine market reached $17B in 2014 and stands to reach $21B by 2020. This market includes telemedicine hardware, software and services -- and the growth is being driven by chronic disease treatment, the rise of mobile health, and evidence-based care initiatives. 

How Remote Monitoring Tools Reduce Costs and Hospitalizations

mHealth Intelligence has reported that remote monitoring tools impact the healthcare industry by reducing hospital readmissions, improving health outcomes, lowering costs and advancing quality care improvements. The article discusses how Bedford Nursing & Rehabilitation Center in New Hampshire has utilized remote monitoring tools to improve care across its facility.