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Group forecasts healthcare and intelligence to drive growth in federal IT market
HealthLeaders News Brief, June 26, 2007
Despite the slowdown in IT spending growth by the U.S. Federal Government, growth opportunities still exist in healthcare technology spending, according to the Federal IT Market Forecast 2007-2012, a report released by INPUT, a research firm. Health IT related spending by the U.S. Federal Government is expected to increase from $5.3 billion in 2007 to $8.7 billion in 2012 for a compound annual growth rate of 10.7 percent. In contrast, IT spending by the intelligence community is expected to increase from $11.1 billion to $16.6 billion at a compound annual growth rate of 8.4 percent.
"There is broad bipartisan support for leveraging technology to drive cost savings and improvements in the delivery of health care," says John Slye, manager, federal industry analysis for INPUT. "Frankly, our forecast would be much higher if obstacles of privacy and standards development weren't stifling growth in public health and electronic medical records."
"There is broad bipartisan support for leveraging technology to drive cost savings and improvements in the delivery of health care," says John Slye, manager, federal industry analysis for INPUT. "Frankly, our forecast would be much higher if obstacles of privacy and standards development weren't stifling growth in public health and electronic medical records."
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