Preview

Healthcare It Outsourcing Market Worth $50.4 Billion by 2018

Good Essays
Open Document
Open Document
553 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Healthcare It Outsourcing Market Worth $50.4 Billion by 2018
The “Healthcare IT Outsourcing Market - By Application [Provider (EHR, RCM, LIMS) Payer (CRM, Claims Management, Fraud Detection, Billing) Life Science (ERP, CTMS, CDMS) Operational (SCM, BPM) & Infrastructure (IMS, Cloud Computing)] & Industry - Global Forecast To 2018”, analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, APAC, and Rest of the World.

Browse 147 market data tables and 11 figures spread through 365 pages and in-depth TOC on “Healthcare IT Outsourcing Market - By Application [Provider (EHR, RCM, LIMS) Payer (CRM, Claims Management, Fraud Detection, Billing) Life Science (ERP, CTMS, CDMS) Operational (SCM, BPM) & Infrastructure (IMS, Cloud Computing)] & Industry - Global Forecast To 2018 ”. http://www.marketsandmarkets.com/Market-Reports/healthcare-it-outsourcing-market-1219.html Early buyers will receive 10% customization on reports.

This report studies the global healthcare information technology outsourcing market (2013 to 2018).

Over the years, outsourcing has surfaced as a successful business model that mitigates the burden of administration, procurement, accounting, logistics and other tasks, and develops cost-effective business processes. The healthcare industry, which faces the challenge of delivering the best patient care at an affordable cost, has been opting for outsourcing IT solutions.

The healthcare industry, on the whole, generates huge amounts of data. Healthcare providers/payers need to electronically track data related to medical records, billing codes, electronic monitoring systems, and patient care. In order to track and manage this valuable data via electronic systems, there is a need for strong information technology infrastructure and devices such as servers, desktops, networks, personal digital assistants (PDAs), and laptops. Due to the lack of required skills and IT domain expertise, maintaining IT infrastructure and services is a challenging task for the

You May Also Find These Documents Helpful

  • Good Essays

    NTC362 Week 2 INDP part 1

    • 719 Words
    • 3 Pages

    Patton Fuller is a community hospital that has been proudly serving the community since 1975. Patience care is number one, and they thrive to ensure each of their patients experience is as pleasant as possible. Hospitals are under enormous pressure to treat patients in the most effective and efficient way. By leveraging the best IT systems, health organizations provide the type of patient care with the speed and efficiency required by the market. By analyzing Patton Fuller’s IT infrastructure, a determination can be made about the network and the devices supported on it as well. The outcome of the analysis will be used to recommend new technologies in data collection, internal communication, and security. If done correctly, this will link productivity with care thereby improving performance and reducing the cost of operations in the hospital.…

    • 719 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Cmgt 554 Week4

    • 1618 Words
    • 7 Pages

    References: Apollo Group, Inc. (2013). Patton-Fuller Community Hospital. Information Systems Overview. Retrieved from CMGT/554 – IT Infrastructure…

    • 1618 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    CMGT578 Week2 Assignment

    • 822 Words
    • 3 Pages

    In this current IT technology driven age, companies whose primary core competency is not technology may have a difficult time operating and maintaining an IT environment that would give them a competitive advantage in the market place. A large company like Hess, whose mission statement is “…a global company devoted to exploring oil, gas and energy solutions”, would have a difficult time living it’s mission if it was too concerned with how to run their IT infrastructure and the impact it has on their marketing, sales, public relations, communications, and operations capabilities. However, each company must access their unique situation and environment to determine if IT outsourcing is the method going forward. There can be immense fiscal and operational benefits, but also significant risks.…

    • 822 Words
    • 3 Pages
    Better Essays
  • Better Essays

    Outsourcing has become an integral part of many organizations today. Outsourcing has its advantages and disadvantages that organizations will have to weigh to decide whether or not outsourcing is the best possible solution to their current problems and business operations. Outsourcing refers to the process of hiring external provider to operate on a business or organization function (Venture Outsource, 2012). In this case, two organizations or businesses enter a contract where there will be an exchange of services and payments. This paper will discuss the possible risks an organization may encounter in outsourcing in relation to the use of an external service provider for data storage, use of an enterprise service provider for processing information systems applications such as a payroll, human resources, or sales order taking, use of a vendor to support desktop computers, and use of a vendor to provide network support. This document will also discuss the risk mitigation strategies for each individual situation.…

    • 1256 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Tegan Hrad Write Up

    • 3041 Words
    • 13 Pages

    Yet, when concerning one’s self or a company’s self with such an area as information technology, outsourcing must be looked at with meticulous contemplation in order to guarantee the best possible outcome. Experts, on both sides of the aisle, the customer / purchaser and the outsourced business, must exhibit exemplary communication between the two of them.…

    • 3041 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    While the use of EHRs does promise lower cost and better access, the problem that many institutions are having is that in order to become compliant, health care organizations must overhaul their IT infrastructures (Ficery, 2011). Currently, 50% of US hospitals are at risk of incurring penalties due to none compliance (Ficery, 2011). The restructuring of IT systems to meet the regulations may not be possible by 2015, for most organizations. For Angels Care Home Health, the challenge will mean finding new methods for restructuring system that is less time consuming and staying within budget. The following SWOT analysis details these opportunities as well as some risks based on the goals of the…

    • 759 Words
    • 4 Pages
    Good Essays
  • Better Essays

    The pros and cons of outsourcing varies by industry, size of organization, organizational structure, and many other components. The pros and cons are highlighted and the fall of Satyam to encompass a full range of accounting aspects. All size organizations outsource a portion of his or her business. Therefore, taking time to reflect on the points identified in this paper may enlighten or create ideas for consideration regarding outsourcing.…

    • 2422 Words
    • 10 Pages
    Better Essays
  • Satisfactory Essays

    Abbott Ambulances Case

    • 138 Words
    • 1 Page

    Finally, the addition of external sources to the health care industry could be beneficial and potentially lower the cost of operation. This will create a pool of cash that can be use to help the company stay afloat when there are reduce profits. Abbott Ambulance has seen this first hand with the acquisition of computerize software, and allocating the fleet of ambulances in the most efficient way to reduce loss of time and transportation. Even though, there is not always magic equipment that makes a company 100% efficient, there is always the option to look at the statistics and make an educated decision to move forward to the investment. While no system is perfect it is important to keep them updated with any changes in the company to keep…

    • 138 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The dynamic nature of twenty-first century health care is complicated. Advanced technology improves external collaboration and accelerates treatment planning, but regulatory compliance issues and the vast diversity of computing devices and software capabilities may hinder efficient billing and collections activities. As healthcare delivery providers ramp up efforts to proactively manage medical collections, there are more conversations in the C-suite leadership conversations about outsourcing medical billing and coding tasks.…

    • 567 Words
    • 3 Pages
    Good Essays
  • Good Essays

    While women inhabited a domestic sphere, the men’s sphere was outside the home in the world of industry and politics. Women were looked down upon and seen as obedient to their husbands. However, during the progressive era, many women were well educated and ignored the traditional social norms and worked outside the home. Although they lead many significant progressive era reforms, they were still denied the right to vote.…

    • 342 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Cp 450 Paper

    • 486 Words
    • 2 Pages

    Studies by the Bureau of Labor Statics and the department of Education indicates that there will be a shortfall of approximately 51,000 qualified health IT workers in the US over the next five years who will be required to meet the demand for the “meaningful use” of electronic health records (EHR) by hospitals, clinics and practices the overall purpose of this is the improvement of healthcare outcomes within hospitals. One Job I am interested in is being a Clinician/Practitioners Consultants and…

    • 486 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Is Outsourcing Good

    • 693 Words
    • 3 Pages

    Outsourcing is an attractive mechanism that has been practice for long time and some companies have had positive results. However outsourcing is not a magical path that leads to a profitable and successful business all the time. There are a lot of risks inherent to this practice and any company willing to outsource should evaluate these risks responsibly.…

    • 693 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Mayo Clinic

    • 706 Words
    • 3 Pages

    The Mayo clinic has performed internal and external research, which helped to gain a better understanding of the international market for healthcare providers, as well as its own position within the market place. Internal data are analyzed every three months to monitor hospitalization rates. It involves patients from different countries and new patients from different regions.…

    • 706 Words
    • 3 Pages
    Good Essays
  • Good Essays

    healthcare

    • 1103 Words
    • 4 Pages

    The American health care industry is one of the nation's largest and most profitable industries. It is also one of the few American industries that is expected to grow in the next few decades. In fact, the healthcare industry in America is expected to generate 3.2 million new jobs through the year 2018, which is more than any other American industry. It is not only a large industry, but a very broad one with many potential investment opportunities and many potential risks…

    • 1103 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    good hope

    • 262 Words
    • 2 Pages

    Good Hope is a chain of nine hospitals in California. As Good Hope want to minimize the operational cost without avoid laying off workers, so they can outsourcing to India because of India outsourcing sector has been growing where labor cost is smaller than others country and availability of educated people. Good Hope could change their two management people and recruit new skilled people who can forecast the problem and ability to minimize the problem quickly and consider the others factor.…

    • 262 Words
    • 2 Pages
    Satisfactory Essays