Navigation Links
Federal Health IT Market to Reach $4.5 Billion by 2013
Date:2/21/2008

RESTON, Va., Feb. 21 /PRNewswire/ -- Federal Health Information Technology (IT) spending will grow from $3.2 billion in 2008 to over $4.5 billion in 2013 at a compound annual growth rate (CAGR) of 7.1%, which is faster than the overall Federal IT market, according to a new report by INPUT, the authority on government business.

"While 7% CAGR seems robust, several things remain in the way of even more rapid growth," said Lauren Jones, principal analyst at INPUT. "This market, as well as the national Health IT market as a whole, will accelerate after standards are adopted and the vast volume of medical records are digitized, enabling them to be shared among health care providers," said Jones.

The report, Federal Health IT Market: 2008 - 2013 examines the Federal Health IT trends and the evolutionary path the market is likely to take in the next five years, and identifies ways vendors can assist agencies as they lay the foundation for a modern, interoperable federal health care system. The report suggests that vendors can influence and possibly even accelerate the market by actively participating in standards development organizations, as well as by assisting agencies in modernizing their Health IT systems.

Additionally, the strain of dealing with a burgeoning patient population of Baby Boomers enrolling in the Medicare program, aging veterans, and returning military personnel will drive continued modernization, enhancement, and expansion of Federal Health IT Systems.

"Many Health Care processes still need to be automated or modernized over the next few years in order to realize cost savings and, more importantly, to create comprehensive patient electronic health records (EHRs) that can be used to improve the quality of health care," said John Slye, principal analyst at INPUT and co-author of the report.

Vendors with domain expertise in Health IT, specialized technology, and established qualifications and relationships with key agencies are in the best position to influence and profit from market growth. Other vendors considering the market should evaluate their qualifications, ability to penetrate a highly competitive market, and fortitude to make a long term commitment to the market.

INPUT's Federal Health IT Market: 2008 - 2013 industry report is available on INPUT's website at http://HealthIT08.input.com

About INPUT

INPUT is the authority on government business. Established in 1974, INPUT helps companies develop federal, state, and local government business and helps public sector organizations achieve their objectives. Over 1,300 member organizations, including small specialized companies, new entrants to the public sector, and the largest government contractors and agencies, rely on INPUT for the latest and most comprehensive procurement and market information, consulting, powerful sales management tools, and educational & networking events. For more information about INPUT, visit http://www.input.com or call 703-707-3500.

Proper use of name is INPUT

Media Contact: Helena Brito

hbrito@input.com

703-707-4161


'/>"/>
SOURCE INPUT
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Greenway Medical Technologies Broadens Sales Efforts With Entrance Into Federally Qualified Health Center Marketplace
2. AOTA Gets Profession Addressed on House Floor in Federal Loan Repayment Bill
3. Bush Budget Cuts Federal Health Programs Vital to the Health of All Children
4. Merck Pays More Than $400 Million to Settle Federal, State Medicaid Fraud Investigation Sparked by Qui Tam Whistleblower Case Detailing Marketing Schemes for Vioxx(R), Zocor(R), Several Other Drugs
5. UTMB wins $3.4 million federal grant to study addiction-recovery drugs
6. Texas Health Care Association Urges Texas Congressional Delegation to Fight Planned Federal Cuts to Medicaid, Medicare
7. On Heels of SCHIP Veto, President Advocates Eliminating Federal Funding for Training Childrens Doctors
8. Changes needed in how federal government evaluates efficiency of research at EPA, other agencies
9. Child Abuse and Neglect Cost Nation over $100 Billion per Year; Most Federal Child Welfare Funds Unavailable for Prevention Services and Programs
10. States Promoted Broader Coverage for Children in 2007, But Report That a Declining Economy Coupled With Lack of SCHIP Reauthorization and New Federal Rules Now Compromise Efforts to Reduce the Number of Uninsured
11. Federal Labor Law Violations Provoke Teamster Strike at AmerisourceBergen Northwest Distribution Hub
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... June 25, 2016 , ... Experts from ... at AcademyHealth’s Annual Research Meeting June 26-28, 2016, at the Hynes Convention Center ... care topics including advance care planning, healthcare costs and patient and family engagement. ...
(Date:6/25/2016)... TX (PRWEB) , ... June 25, 2016 , ... ... the United States, named Dr. Sesan Ogunleye, as the Medical Director of its new ... the facility Medical Director of our new Mesquite location,” said Dr. James M. Muzzarelli, ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the ... In terms of the latter, setting the bar too high can result in disappointment, ... just slow progress toward their goal. , Research from PsychTests.com reveals ...
(Date:6/24/2016)... ... ... crisis. Her son James, eight, was out of control. Prone to extreme mood shifts and ... him, he couldn’t control his emotions,” remembers Marcy. “If there was a knife on ... say he was going to kill them. If we were driving on the freeway, ...
(Date:6/24/2016)... ... 24, 2016 , ... Comfort Keepers® of San Diego, CA is excited to ... Recovery® program to drive cancer patients to and from their cancer treatments. Comfort ... quality of life and ongoing independence. Getting to and from medical treatments is ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... SOUTH SAN FRANCISCO, Calif. , June 24, ... GBT ), a biopharmaceutical company developing novel ... with significant unmet needs, today announced the closing ... 6,400,000 shares of common stock, at the public ... the shares in the offering were offered by ...
(Date:6/24/2016)... 24, 2016 ... the addition of the " Global Markets for ... This report focuses on ... updated review, including its applications in various applications. The ... which includes three main industries: pharmaceutical and biotechnology, food ...
(Date:6/24/2016)... ALEXANDRIA, Va. , June 24, 2016 ... a set of recommendations that would allow ... information (HCEI) with entities that make formulary and coverage ... determine the "value" of new medicines. The ... that does not appear on the drug label, a ...
Breaking Medicine Technology: