Regulatory Mandates Spark HIT Spending Uptick

Diana Manos | Government Health IT | August 29, 2013

Healthcare IT spending at large North American healthcare organizations is expected to increase to more than $34.5 billion next year, spurred by current regulatory trends. The trend is expected to open up new markets for many vendors. 

Technology Business Research Inc.’s (TBR) new SourceIT Healthcare Report says the spending will be spurred by current regulatory trends and the money will be parsed out across industry applications, business applications, productivity applications, business intelligence and analytics, database and technology, and systems management. Some vendors could be poised to take the lion’s share of these budgets, TBR officials say. 

“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, in a news release.