2009 Healthcare IT Outlook a Frost & Sullivan’s Report.
Frost & Sullivan’s 2009 APAC Healthcare Information Technology Outlook describes that the adoption of Information and Communication Technologies (ICT) is essential for modern healthcare delivery systems if they are to gain greater efficiency, reduce overall healthcare costs and improve patient safety. In recent years, the acquisition of computer technologies by healthcare organizations has increased substantially with the spending showing upward tendency placing the industry as one of the major consumer of ICT products and services. In 2007, spending on Healthcare information system in Asia Pacific was valued at $15.50 billion& This has accounted for 1.5 to 2.3 percent of total healthcare expenditure. Report estimates that by 2012, healthcare spending will almost double. The HIT adoption trend by healthcare organisations is unstoppable, however there is expected to be a backlash in view of the current financial crisis. Also, it says that there is a slight negative impact on the growth of the HIT industry as hospitals and health systems are taking measured but deliberate action by delaying capital projects, cutting capital and operating budgets, and laying off workers.
In Conclusion report says that 2009 and possibly some or all of 2010 is challenging years for hospitals. Before economic turmoil hit, hospitals had shown important progress in health IT adoption, and for now, many of these initiatives are funded and moving forward. But a prolonged or deeper economic slowdown will inevitably be met by further reductions in IT capital and operating budgets, so even those health IT initiatives that have a demonstrated return on investment could become difficult to fund. Health IT is no longer a “nice to have.”. It is a strategic priority for hospitals to deliver safer, higher quality and more cost-effective care, thus enabling hospitals to stay competitive. Some hospitals executives surveyed see that this as the time to invest in IT initiatives that will deliver direct and quantifiable savings to their organizations. …hard times are time to invest in the future .