Healthcare IT is a collective term
used for solutions offered by information technology in the healthcare
industry. These solutions offer better data management and secure exchange of
health information among customers, governments, providers and insurers. There
is a huge demand of general applications such as electronic health and medical
record system and computerized physician order entry system along with
specialized solutions such as clinical trials management system, data mining
system and clinical decision support system. Applications such as Picture
Archiving and Communication Systems (PACS) and Radiology Information Systems
(RIS) are used to store and manage patient scans and images. In addition,
software solutions such as hospital information systems, ambulatory care
management systems, EMR, HER, e-prescribing systems and patient management
systems are being widely adopted by hospitals and clinics to provide better
patient care.
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The advantages of adopting IT
solutions in healthcare are reduction in medical errors, increased successful
outcomes in procedures, reduce health costs and increased health care
productivity are the major driving factors for the healthcare IT market. For
instance, the U.S. government has passed several regulatory acts emphasizing on
the adoption of e-healthcare by both public and private sector entities, to
reduce the enormous healthcare costs. In addition, the introduction of cloud
computing in the healthcare industry has further eased real-time communication
and exchange of data. Being in its nascent stage, the major restraint for the
healthcare IT market is its limited geographical reach. It still lacks presence
in rural areas of the developed regions such as North America and Europe and in
major parts of developing countries of Asia.
With increase in disposable incomes
and technical awareness, the market has huge opportunity of enhancing its
presence in developing regions such as Asia. Moreover, adoption rate of cloud
computing for healthcare in developed regions is expected to surge
substantially by the end of forecast period, contributing significantly to the
overall growth of the healthcare IT market.
The companies such as Neusoft, ICT
for Health and Candelis Inc. provide the imaging applications such as PACS and
RIS. While the companies such as Wipro and Mckesson provide software solutions
such as hospital information system and electronic health records and practice
management systems.
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