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U.S. Healthcare IT Markets - Opportunity Analysis
Frost & Sullivan, March 2006
This Frost & Sullivan research service entitled U.S. Markets for Healthcare IT - Opportunity Analysis provides the latest trends and opportunities in the market. It analyzes competition and helps healthcare delivery organizations devise strategies to expand in the market. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following markets/applications/technologies: clinical and services healthcare IT markets.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Software and services
Technologies
The following technologies are covered in this research:
- Clinical software
- Services
Market Overview
Healthcare IT Remains Focal Point for Accomplishing Provider Patient Safety and Cost Reduction Strategies
The healthcare IT (HCIT) markets in the United States continue to draw end users’ attention for their ability to enhance reduce medical errors, reduce costs and provide transparent reimbursement structures, as well as transform the modern healthcare delivery system. Providers continue along the path of digitization.
Opportunities abound in the under-penetrated physician practice market and inpatient centers continue the process of adopting EMRs and digitizing various areas, says the analyst of this research. Though operating budgets remain considerably high and are still increasing, providers are rapidly right-sizing their IT portfolio and position for the future.
Various Entities Promote the Use of HCIT
From non-profit to governmental push, groups and participants across the healthcare industry have been instrumental in outlining position pieces, roadmaps, and logic for the adoption of HIT. Importantly, the continued emphasis placed on regional health exchanges as well as the use of IT to derive benefits across the healthcare continuum remains the de facto driving force behind connecting the nation’s disparate healthcare entities and parts.
By implementing hospital information systems (HIS) at all levels, the U.S. healthcare system can decrease medical errors and improve the quality of care. By shrinking the broadly distributed forms of variance, the Government can potentially save more than 20 percent of the estimated $1.7 trillion dollars allotted for healthcare expenditures. Such overwhelming benefits are expected to assist with the uptake of HIS substantially - especially in the clinical IT segment. Numerous CIOs, hospital executives, and senior IT officers are expected to encourage a patient strategy that demands the deployment of HCIT across the enterprise.
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