HIMSS Analytics’ Autumn 2014 edition of the Essentials of US Hospital IT Market highlights the promising sales opportunities for IS Infrastructure and HIM applications
CHICAGO (October 15, 2014) – Computer Assisted Coding applications are poised for increased growth among hospitals, according to data from the latest HIMSS Analytics Essentials of the U.S. Hospital IT Market report (Autumn 2014 edition). Released today, the report evaluates the support service applications and medical devices used most by hospitals across the U.S.
Leveraging data from the HIMSS Analytics® Database, the report profiles 25 support service applications and medical devices being used in hospitals across the nation in terms of their market penetration (saturated, mature to maturing) against their projected sales volumes (decelerating, marginal to accelerating). Computer Assisted Coding was observed as having the highest growth potential. This is a significant finding for health Information Technology (IT) vendors as this accelerated projected sales volume is occurring in a maturing market.
“In preparation for the shift to ICD-10, it is no surprise that the sales potential for coding solutions is high,” said Lorren Pettit, Vice President of Market Research for HIMSS Analytics. “The findings suggest that market opportunities are ripe for vendors with Computer Assisted Coding solutions.”
The 25 applications observed are divided into the following categories:
- Clinical & Business Intelligence
- Document/Forms Management
- Health Information Exchange (HIE)
- Health Information Management (HIM)
- Home Health
- IS Infrastructure
- IS Security
- Medical Devices
Nearly half of the applications (11 of the 25) profiled can be characterized as standard business tools due to their relatively high market penetration level. Five applications were marked for a healthy growth trajectory over the next five years, while 15 applications reflected a growth trajectory of less than 10 percent during the same period.
The report also covers the market utilization of each application in the marketplace at more than 5,400 U.S. hospitals tracked by HIMSS Analytics. The market utilization assessment for each application is determined by the number of hospitals in the market which have installed the application.
Please contact email@example.com for more information on purchasing the HIMSS Analytics Essentials, Autumn 2014 Edition, and for a copy of the Executive Summary. Visit the HIMSS Analytics website for more information.
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About HIMSS Analytics
HIMSS Analytics collects, analyzes and distributes essential health IT data related to products, costs, metrics, trends and purchase decisions. It delivers quality data and analytical expertise to healthcare delivery organizations, IT companies, governmental entities, financial, pharmaceutical and consulting companies. Visit www.himssanalytics.org.
HIMSS Analytics is a part of HIMSS, a cause-based global enterprise that produces health IT thought leadership, education, events, market research and media services around the world. Founded in 1961, HIMSS encompasses more than 52,000 individuals, of which more than two-thirds work in healthcare provider, governmental and not-for-profit organizations across the globe, plus over 600 corporations and 250 not-for-profit partner organizations, that share the cause of transforming health and healthcare through the best use of IT. HIMSS, headquartered in Chicago, serves the global health IT community with additional offices in the United States, Europe and Asia.