5 Quick Facts About the Current Health IT Market

The U.S. economy as a whole has been limping along for the past few years, experiencing small and halted growth. By comparison, the health IT market has expanded rapidly, spurred by government incentives and the emergence of new technology that helps providers improve care delivery.

The following five insights into the health IT market from HIMSS Analytics show this robust growth.

  1. A vast majority of U.S. hospitals (90.6 percent) have recently acquired or installed health IT software.
  2. The percentage of hospitals involved in the acquisition or installation of at least one health IT application has been increasing year over year.
  3. Clinical applications related to electronic medical record systems have consistently ranked as the most frequently acquired or installed health IT applications.
  4. The top two most frequently acquired or installed health IT applications are targeted towards physicians — computerized practitioner order entry and physician documentation software.
  5. The health IT buyer market is composed of four distinct segments:
    • Miscellaneous buyers: 79 percent of organizations show no discernible pattern to the type of applications they choose to purchase.
    • EMR suite buyers: 11 percent focus on buying just the basic elements of the EMR suite.
    • EMR plus buyers: 6 percent select the EMR suite plus select financial or operational software.
    • PACS buyers: 4 percent acquire or install picture archiving and communication systems.

More Articles on the Health IT Market:

NextGen Parent Company Expected to Record Up to $30M Charge in Q3
12 Recent Health IT Market Stories
Self-Care Medical Device Market to Hit $16.8B by 2017

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