Global Health Info Tech: Benchmark Comparison
Global Health Info Tech: Top 5 Companies by Market Cap
Top 5 Companies by Stock Price Performance
The accompanying tables present my Global Health Info Tech (HIT) Index, which includes a total of 32 companies with market caps between $150 million to $10 billion -- excluding larger players in the industry such as GE Healthcare (GE), Philips (PHG), and FujiFilm (FUJI) which have diverse operations and are not as leveraged to the HIT industry. Trends in favor of HIT include a push toward electronic prescribing (e-prescribing), reduction of paperwork, remote patient monitoring, and M&A activity. Zix Corp (ZIXI) and Allscripts (MDRX) provide e-prescribing technologies, with the latter set to merge with the HIT division of UK-based Misys (London: MSY). Other recent deals in the industry include GE Healthcare's bid for Vital Signs (VITL) and Philip's purchase of remote patient monitoring company VisICU last year. The 32-company HIT index has outpaced its benchmark ETFs over the past year, including the Vanguard Info Tech (VGT), Healthcare Sector SPDR (XLV), and Technology SPDR (XLK).