By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    physical health
    5 Ways Playing Games Can Improve Neural and Physical Health
    September 9, 2022
    Reasons For Hair Loss and Its Treatment
    Reasons For Hair Loss and Its Treatment
    February 16, 2022
    healthcare organization
    5 Actionable Strategies For Healthcare Organizations
    August 15, 2022
    Latest News
    7 Most Common Healthcare Accreditation Programs: Which Should You Use?
    August 20, 2025
    Hospital Pest Control and the Fight Against Superbugs
    August 20, 2025
    Hygiene Beyond The Clinic: Attention To Overlooked Non-Clinical Spaces
    August 13, 2025
    5 Steps to a Promising Career as a Healthcare Administrator
    August 3, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Almost Anybody Qualifies for Medicaid in Maine
    November 23, 2012
    ebola and EHR
    Ebola: Are We Relying on EHR to Tell the Story?
    October 24, 2014
    Caitlin Kelly
    How Would You Fix Healthcare? – Question and Answers.
    January 16, 2013
    Latest News
    How Social Security Disability Shapes Access to Care and Everyday Health
    August 22, 2025
    How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
    August 22, 2025
    How One Fall Can Lead to a Long Road of Medical Complications
    August 22, 2025
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Analysis of Spending in U.S., Canada on Health IT Vendors in 2014
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Finance > Analysis of Spending in U.S., Canada on Health IT Vendors in 2014
BusinesseHealthFinanceMedical RecordsTechnology

Analysis of Spending in U.S., Canada on Health IT Vendors in 2014

Deanna Pogorelc
Deanna Pogorelc
Share
3 Min Read
SHARE

network cables computer cablesOriginally published on MedCityNews.com. Compliance with regulations, an uptick in electronic healthcare data and consolidation of back-office systems will drive payers and providers in North America to spend an estimated $35 billion on health IT next year.

network cables computer cablesOriginally published on MedCityNews.com. Compliance with regulations, an uptick in electronic healthcare data and consolidation of back-office systems will drive payers and providers in North America to spend an estimated $35 billion on health IT next year. More than $26 billion of that is addressable by vendors, say analysts at Technology Business Research.

TBR surveyed 225 IT and business decision-makers at large payer and provider organizations in the U.S. and Canada, and interviewed 25 of them to uncover their spending intentions and priorities. Seventy-seven percent of respondents represented acute and long-term care providers, and 20 percent were health insurance payers, processors and HMOs.

Providers surveyed had an average IT budget of $12 million, although that number was much higher at $23 million for larger organization that anchor a community of smaller players. Those providers will spend big chunks of that money on electronic health records, telemedicine and patient billing and scheduling programs, the firm found.

More Read

Google’s Blind Date with Consumer Health
ICD 10 Implementation: Understanding the Financial Ramifications
7 Tips for Entrepreneurial Orthopedic Surgeons to Stay Independent
The High Cost of Low Patient Satisfaction Scores [INFOGRAPHIC]
Driving Down the Real Cost of Healthcare: Pediatric and Teen Medical Homes

But they’ll also invest more in business intelligence, analytics and clinical decision support tools that put all of the data they are collecting in EHRs to good use.

“With more adoption (of EHRs) going on, more firms are thinking about the analytical piece, and asking ‘how do I realize ROI on having put all of this together?’” explained Joe Walent, a senior analyst in the firm’s professional services practice.

Survey respondents are said they would also give more priority to investments in telemedicine and mobile tools. “More and more in healthcare we see technology not just brought in for things on the backend, but that are frontline solutions,” Walent noted.

Among payers, the average IT budget was some $18 million, with a priority on claims management, call center and benefit administration technology.

For the vendors on the receiving end of these payments, Stuart Williams, the firm’s software and cloud practice director, emphasized the importance of being able to provide an array of valuable services to these organizations. “Vendors that can walk in and begin to connect the dots, either through their own portfolio or an alliance of partners […] are in the best position,” he said.

This is the first year TBR has done this analysis, so historical comparisons are not available.

[Image source: Flickr user Jerry John]

TAGGED:Health IT
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

engineer fitting prosthetic arm
How Social Security Disability Shapes Access to Care and Everyday Health
Health care
August 20, 2025
a woman explaining the document
How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
Public Health
August 20, 2025
physiotherapist at work
How One Fall Can Lead to a Long Road of Medical Complications
Health care
August 20, 2025
Common Healthcare Accreditation Programs
7 Most Common Healthcare Accreditation Programs: Which Should You Use?
Health News
August 20, 2025

You Might also Like

Health careTechnology

5 Benefits Of Telemedicine For Seniors To Know About

November 2, 2018
end to end testing
Hospital Administration

End-to-End ICD-10 Testing: Are You Prepared?

March 3, 2014

Mayo Clinic Video–Know Your Numbers Blood Pressure, Lipids and BMI

January 5, 2012
Protected Health Information
BusinessMedical RecordsPolicy & Law

Protected Health Information Security: You Should Be Worried

September 23, 2014
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?