2014 Health IT Spending to Pass $34 Billion

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.

About the author

John Lynn

John Lynn

John Lynn is the Founder of the HealthcareScene.com, a network of leading Healthcare IT resources. The flagship blog, Healthcare IT Today, contains over 13,000 articles with over half of the articles written by John. These EMR and Healthcare IT related articles have been viewed over 20 million times.

John manages Healthcare IT Central, the leading career Health IT job board. He also organizes the first of its kind conference and community focused on healthcare marketing, Healthcare and IT Marketing Conference, and a healthcare IT conference, EXPO.health, focused on practical healthcare IT innovation. John is an advisor to multiple healthcare IT companies. John is highly involved in social media, and in addition to his blogs can be found on Twitter: @techguy.

   

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