Thursday, June 28, 2012

Healthcare Telecom/IT to Grow 9.7% - Faster than Overall Spending in Healthcare or Any Other Industry

Overall healthcare spending is predicted to grow 6.4% per year between now and 2017. This is faster than any other industry in the U.S, according to a recent report by The Insight Research Corporation (IRC).

IRC predicts that healthcare spending on telecommunications and IT will grow EVEN FASTER at a compound annual growth rate of 9.7% over the next five years, .

The number of healthcare locations is increasing by 2.4% annually, while healthcare employment is increasing 2.5 times the total employment rate.
"Electronic monitoring will enable an exception management model, whereby systems and networks record continuous patient information." - Insight Research Corporation
The dramatic increase in patient monitoring will continue the growing need for HIPAA breach detection to protect the increasing quantity of patient data.

Rising healthcare industry costs and a shortage of skilled staff means hospitals and other front-line healthcare providers will oursource HIPAA breach detection and embrace new technologies that dramatically reduce costs of protecting HIPAA data privacy.
Download a white paper on HIPAA breach detection service. Learn how to proactively identify unauthorized breaches of patient data privacy, even by authorized users - with no hardware and no on-site software.
Sources:
(a) Telecom, IT and Healthcare: Wireless Networks, Digital Healthcare and the Transformation of US Healthcare, 2012-2017 executive summary2017 - The Insight Research Corporation, May 2012

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