Dive Brief:
- According to an analysis by market research consulting firm RNCOS, growing use of cloud technology combined with a decrease in the cost and IT implementations work big changes in the US healthcare IT market in coming years.
- The analysis predicts that between now and 2018, the health IT market will grow at a compound annual growth rate of almost 10%, driven by continued innovation and government support for such tools. This growth will come from cooperation between all stakeholders in the healthcare value chain, writes blogger Jane Sarasohn-Kahn.
- However, investor and entrepreneur Anne DeGheest warns that the current state of health IT resembles the high level of activity in the 1990s, which poses the danger of a bubble.
Dive Insight:
As DeGheest points out, it's easy to see florid projections of success stumble on their face if things don't go just right. However, in this case the growth is organic, being driven by real business needs rather than speculation in "neat and cool" technology, which to me suggests that we're not seeing a bubble but a shift in paradigms which will permanently change the way the healthcare industry delivers care.