An report by research firm Frost & Sullivan shows that the U.S. ambulatory electronic health records market is projected to reach $2.6 billion in 2012, according to a Healthcare IT News report.
The ambulatory EHR market, which was at $1.3 billion in 2009, is expanding and likely to increase over the next two to five years due to healthcare reform and financial subsidies from the government's HITECH Act, according to the report.
Frost & Sullivan Senior Industry Analyst Nancy Fabozzi said incentives from government and commercial payors that reward healthcare providers for quality care will increase the use of EHRs. She also predicts the HITECH Act will further fuel growth in the market because of increased interest from other stakeholders, such as professional medical societies, healthcare manufacturers and non-profit organizations to help healthcare providers achieve meaningful use of EHRs.
Revenues will likely fluctuate over the next five to seven years due to increased competition and a maturing market, which will cause decreases in pricing, she said.
Read the Healthcare IT News report about the EHR market analysis.
Read other coverage on healthcare information technology:
- 4 Best Practices for Increasing Efficiency in Emergency Departments With Information Technology
- New Study Examines True Costs of Owning an EMR System
- Maine Receives Approval for $6.6M Grant to Expand Health Information Technology
The ambulatory EHR market, which was at $1.3 billion in 2009, is expanding and likely to increase over the next two to five years due to healthcare reform and financial subsidies from the government's HITECH Act, according to the report.
Frost & Sullivan Senior Industry Analyst Nancy Fabozzi said incentives from government and commercial payors that reward healthcare providers for quality care will increase the use of EHRs. She also predicts the HITECH Act will further fuel growth in the market because of increased interest from other stakeholders, such as professional medical societies, healthcare manufacturers and non-profit organizations to help healthcare providers achieve meaningful use of EHRs.
Revenues will likely fluctuate over the next five to seven years due to increased competition and a maturing market, which will cause decreases in pricing, she said.
Read the Healthcare IT News report about the EHR market analysis.
Read other coverage on healthcare information technology:
- 4 Best Practices for Increasing Efficiency in Emergency Departments With Information Technology
- New Study Examines True Costs of Owning an EMR System
- Maine Receives Approval for $6.6M Grant to Expand Health Information Technology