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Friday, February 25, 2011

Healthcare IT Solutions Market USA: Insights and Opportunities



Information technology has found its applications in each and every industry and US healthcare industry is not an exception to the rule. Till date, the investments in the healthcare IT solutions was very low, for the very reason that the healthcare industry was of the opinion that it has nothing to do with information technology. The industry believed that the qualification, knowledge and skills of healthcare professionals are the only requirements, however, the industry has realized that healthcare IT solutions can extend an helping hand in achieving reduction in costs, saving time, improving productivity and most importantly, improving patient care.


Healthcare IT solutions include a number of software, hardware and networking solutions for individual providers, managed healthcare, hospitals, medical billing companies and health insurance providers. The main concern among providers is that the system should be in a position to streamline the whole process of practice/patient management. It should also bring about the reduction in costs and time spent with improved patient care. Much attention in the healthcare IT market has focused on opportunities to expand the use of electronic medical record (EMR) and electronic health record (EHR) systems.

Healthcare IT solutions like EMR/EHR systems come in different versions and capabilities. There are instances when the requirements for a particular practice may differ from the requirements of another practice. According to a recent research report from CompTIA, 34 percent of healthcare providers report using a comprehensive EMR system, while 16 percent says they’re using a partial system. The remaining 29 percent are either evaluating their options or 20 percent have not yet started the process of implementation of EMR. However, in case of implementation of EMR the satisfaction rate is higher among doctors as compared to any other healthcare systems.

Among the developed nations, US has one of the best healthcare systems in the world. At approximately 17% of GDP, the U.S. healthcare market represents one of the largest and fastest growing sectors of the U.S. economy. The healthcare administration is a tedious task, and thus showing an urgent need from the healthcare IT solutions industry for IT systems that can streamline the whole process of healthcare industry. According to certain research studies, almost half of the US healthcare professionals are poised to double their IT investments in the next 12 months. This provides with a tremendous opportunity for healthcare IT companies to bring about IT products and solutions in the market that best suits the industry. 


2 comments:

  1. cool post. I have been thinking about this topic,so thanks for sharing. I will probably be subscribing to your blog. Keep up great writing!!!



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  2. Really a great post.I liked it and i will share it with others too.


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