“Federal spending on health care is expected to balloon over the next seven years, providing ample opportunity for health IT—and its vendors—according to a report from the Federal Market Analysis team at GovWin from Deltek.”
“The report—Federal Health Information Technology Market, 2018-2023—notes health care spending is only going to rise, even if efficiencies are built into the system. Deltek projects federal health spending will increase by 80 percent over 10 years, from $918 billion in 2015 to $1.65 trillion by 2025…”
“Enter the health IT industry, which could presumably help efficiency efforts through new technologies, Deltek points out.”
“Analysts looked at the 2019 budget request for areas with money set aside for health IT programs in the executive, legislative and judicial branches, as well as “government-owned corporations such as…” Read the full article here.
Source: $1.65 Trillion Federal Health Market Will Be Boon For IT Industry – By Aaron Boyd, April 11, 2018. Nextgov.