Technology Business Research Inc., a leading independent technology market research and consulting firm, is out with a new report which projects that spending at large North American healthcare organizations will increase exponentially through next year.
Based on the current trend and corresponding estimates, healthcare IT spend on the continent will balloon to more than $34.5 billion across payers and providers.
Driving the growth, at least in part, will be regulatory mandates that demand infrastructure modernization to meet new healthcare guidelines.
Technology Business Research Inc.’s new SourceIT Healthcare Report details how this spend will be parsed out across industry applications, business applications, productivity applications, business intelligence and analytics, database and technology, and systems management, as well as which vendors are poised to take the lion’s share of these budgets.
“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 spend to meet these requirements,” says TBR healthcare analyst Joseph Walent. “Health IT vendors able to recognize the IT spending habits of the market segments, and adjust accordingly, will be best positioned to secure market share. The analysis we’re conducting in our SourceIT Healthcare Report will provide our clients with information to make better business decisions in this shifting market.”
To learn more about the new report and the research behind it, click here.