Healthcare IT (Provider and Payer) Market - Global Industry Analysis

Healthcare IT (Provider and Payer) Market - Global Industry Analysis

  • Submitted By: kksingha
  • Date Submitted: 08/06/2015 6:24 AM
  • Category: Business
  • Words: 1024
  • Page: 5

Healthcare IT (Provider and Payer) Market Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015 - 2023

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Healthcare IT is a combined term used for solutions offered by information technology in the healthcare industry. These solutions provide better
data management and safe exchange of health information among consumers, governments, and insurers. There is a massive demand of general
applications such as electronic health and medical record system and computerized physician order entry system along with specialized solutions
such as data mining system, clinical trials management system, and clinical decision support system. In addition, software solutions such as
ambulatory care management systems, hospital information systems, e-prescribing systems, EMR,EHR and patient management systems are
being extensively adopted by clinics and hospitals to deliver better patient care. The benefits of adopting IT solutions in healthcare are decline in
medical errors, reduction in healthcare cost, increased successful procedure outcomes, and rise in health care productivity. For instance, the U.S.
government has passed several regulatory acts focusing on the adoption of e-healthcare by both public and private sector units, to decrease the
massive healthcare costs.
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In addition, the introduction of cloud computing in the healthcare industry has further alleviated real-time communication and exchange of...

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