Tuesday, May 21, 2013

Health IT Spending: Drivers Beyond Meaningful Use

BCC Research recently predicted total spending on clinical health IT will soar to $26.1 billion a year in five years, up from $9.5 in 2011 and $11.2 in 2012. The high growth rate beyond 2015 reflects unmet demand for EHR systems, but that's only part of the story.

Presbyterian Intercommunity Hospital, a 409-bed Whittier, CA facility, gives us an example of what's next in health information technology spending. PIH has met government requirements for meaningful use and will do so for electronic health records in 2014. So they're turning their attention to a data warehouse for patient records which will allow for better management of the overall health of their patient population.

"Everybody assumes that when meaningful use is over, the bubble will pop, but there are a lot of other things driving growth. Accountable care organizations, there are about 200 right now (and) that's going to grow.."
- Jeffrey Loo, Analyst, S&P Capital IQ
Leveraging vast amounts of clinical, operational and financial data will be critical for health entities to successfully participate in accountable care organizations and meet various regulatory requirements. Big data analytics, in particular the new area of Identity and Access Intelligence (IAI), offer low-cost on-demand SaaS services to meet the unique needs of the healthcare industry.
Learn how Veriphyr Identity and Access Intelligence delivers business and clinical insights - with no hardware and no on-site software.
Sources:
(a) Riding the Wave - www.modernhealthcare.com, 05/20/2013

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