Why is HL7 integration essential for modern healthcare systems?

The U.S. healthcare system is currently changing, with 95% of healthcare organizations using HL7 standards to break data silos and improve operational efficiency. Interoperability, however, is another persistent problem costing the industry $30 billion every year due to added inefficiencies. For healthcare providers, payers, and IT leaders, HL7 integration is more than a technological improvement; it is also a strategic stance to improve patient care, cut costs, and secure operations for the foreseeable future. Understanding the market potential of this technology is very important. The worldwide healthcare data integration market was valued at $1.21 billion in 2023, according to Grand View Research. The market is expected to see significant growth at a CAGR of 14.5% during the forecast period (2019-2032) and is anticipated to reach $3.11 billion by the year 2030.