The U.S. healthcare information technology (HIT) market is in its infancy, with low adoption rates across many segments, according to market research and consulting firm Frost & Sullivan. However, inevitable demographic pressures will drive this market in the coming years.
According to the San Jose, CA-based firm, the U.S. Congress is struggling to provide healthcare for approximately 34 million seniors at present. The cost of caring for the senior population will increase rapidly, as 76 million baby boomers begin to retire and healthcare workforce shortages continue to exacerbate pressures on the U.S. healthcare system
Frost noted that the federal government is placing heavy emphasis on electronic health records (EHRs) by providing financial investment into demonstration projects and driving the establishment of universal standards.
The company recommends that vendors seek to collaborate with insurance companies and employers to drive adoption of HIT within specific regions, even as the capability to highlight product capabilities and features to physicians will provide an additional step in the same direction.
By AuntMinnie.com staff writers
April 4, 2007
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