2014: Big HIT Market Expansion Ahead

The health IT market is poised for strong growth.

Major factors driving this expansion are the rise in pressure to cut healthcare costs, increasing demand to integrate healthcare systems, high rate of return on investment, according to a Research and Markets report. And other prominent forces include financial support from the U.S. government, federal initiatives, the rise in aging population, growing demand for CPOE adoption in order to reduce medication errors, and the rise in incidences of chronic disorders.

“Healthcare information technology has emerged as a promising development to transform the paper-based healthcare system into a digitized one,” the report’s authors wrote. “HCIT also gives clinicians real-time access to patient data, and provides them with support to make the best possible decisions. It streamlines processes and reduces administrative overhead.

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Source: Government HealthIT