Wednesday, September 4, 2013

Report: Health IT Spending $34.5B in 2014

To comply with regulatory requirements, health IT spending is predicted to be $34.5 billion in 2014.

The Technology Business "SourceIT Healthcare Report" was based on interviews with health IT executives and line-of-business managers to determine spending intentions, priorities and perceptions.

"The wide variety of regulatory mandates and changes coming into force in the near term in the U.S. magnifies the pressure on healthcare providers, commercial payers and public sector agencies to maximize the value and ROI of their IT spending to meet these requirements." - Joseph Walent, Healthcare Analyst, Technology Business Report
The researchers found that a major area for spending will be business intelligence and analytics. Many healthcare organizations are now utilizing low-cost on-demand SaaS analytics services to deliver insights about business, outcomes, and quality.
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Sources:
(a) Health IT Spending To Hit $34.5B in 2014, Report Finds - iHealthBeat.org, 09/03/2013

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