Healthcare IT spending will increase to more than $34.5 billion in 2014, according to a new report from a Hampton, N.H.-based research and consulting firm.
Technology Business Research Inc. says that the spending will come as payers and providers look to build infrastructure modernization that meets regulatory mandates such as Meaningful Use of electronic health records (EHRs) under the Health Information Technology for Economic and Clinical Health (HITECH) Act and the transition to ICD-10. -Source
We certainly all knew that health IT spending was up. I’m sure that much of the spending is driven by the various government programs like meaningful use and ICD-10. The article linked above had one survey respondent say that their ICD-10 budget was $2.5 million. I expect this health IT spending trend will continue. Although, we’re entering a different category of customer going forward.
I wonder how that spending is broken out between enterprise spending and consumer health IT.