Spending on Health IT Projected to Increase 19% over Next Five Years

Market research firm INPUT has published a new report that says spending on state and local health information technology systems will increase 19 percent over the next five years, according to a Healthcare IT News report.

The health IT market's worth is expected to increase from $8.3 billion in 2010 to $9.9 billion in 2015, and researchers predict the adoption of electronic health record systems will fuel the growth. Spending on EHRs will make up $2 billion of the $9.9 billion, according to the report.

The INPUT report also suggests the $2.5 billion in funding from the American Recovery and Reinvestment Act for community-based medical facilities will go toward more spending on modernizing buildings, implementing EHRs and adding staff support. A majority of EHR-related opportunities will come from regional extension centers, INPUT researchers add.

The INPUT report also says the biggest portion of healthcare IT spending will go toward EHR incentive payments.

Read the Healthcare IT News report about increased health IT spending.

Read other coverage on healthcare information technology:

- 4 Best Practices for Increasing Efficiency in Emergency Departments With Information Technology

- New Study Examines True Costs of Owning an EMR System

- Maine Receives Approval for $6.6M Grant to Expand Health Information Technology

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