Healthcare IT spending is on pace to top $34.5 billion in North America in 2014, according to a new report by research firm Technology Business Research. The report details how this health IT spending will be parsed out across industry applications, business applications, productivity applications, business intelligence and analytics, database and technology, and systems management, as well as which vendors are poised to take the highest share of the budget.
TBR’s SourceIT Healthcare Report surveyed 225 IT decision makers across the C-Suite and line-of-business managers at payers and providers, and conducted 25 qualitative, in-depth interviews to uncover spending intentions, priorities and perceptions, according to the announcement.
“The wide variety of regulatory mandates and changes coming into force in the near term in the U.S. magnifies the pressure on healthcare providers, commercial payers and public sector agencies to maximize the value and ROI of their IT spend to meet these requirements,”said TBR healthcare analyst Joseph Walent. “
According to the survey, the average IT budget is approximately $12 million for providers and approximately $18 million for payers. The report highlights how these budgets will be allocated by priority & efficiency for works, such as electronic health records (EHRs) and electronic medical records (EMRs), claims management and call centers.
More than 30 vendors are covered in the report, including Accenture, Cerner, Citrix, HP, GE Healthcare, Lawson, IBM, McKesson, Microsoft, Oracle and Salesforce.com.