Global Healthcare IT Outsourcing Market is expected to grow at a compounded annual growth rate (CAGR) of 7.62% over the period of 2013-2018, as reported in a recent market research study by ReportsnReports. CAGR is a business metric that simply means the progression ratio which provides a constant rate of return over a specific time period. In other words, the Global Healthcare IT Outsourcing Market is on a progressive growth this year and beyond.
Trending: Cloud-based Healthcare Services
One significant finding from the report is the increased adoption of cloud computing and other cloud-based services among healthcare providers across the globe. Many healthcare providers have realized the cost benefits of adopting cloud-based IT outsourcing services, namely, rapid scalability, easy access, uninterrupted service, and flexibility. Because of these benefits, cloud-based service is a major trend that will continue to grow in the Global Healthcare IT Outsourcing market until 2018.
One of the key factors contributing to this market growth is the healthcare providers’ efforts to reduce operational time and costs. By outsourcing healthcare IT requirements, healthcare providers cut back on server costs and data centers, not to mention manpower and training efforts.
However, the report also states that one of the biggest challenges to healthcare IT outsourcing is its inability to achieve expected benefits. It seems that profits generated from outsourcing healthcare IT requirements are still failing to return investments at this point. In spite of this major challenge, healthcare providers are still choosing to outsource their IT needs, for reasons stated above.
Global Healthcare IT Outsourcing Market Report
ReportsnReports’ The Global Healthcare IT Outsourcing Market 2014-2018 is based on in-depth market analysis with inputs from industry experts, with data covering the Americas, Europe, Middle East, Africa, and the APAC region.
Some of the other questions answered in the report are the following:
- What will the market size be in 2016/2018 and what will be the growth rate?
- What are key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by key vendors?
- What are the strengths and weaknesses of each of these key vendors?
Growing Demand Calls for Higher Quality Outsourcing Services
This growing demand for healthcare IT outsourcing is an indicative of a more competitive industry and a greater challenge to enhance outsourcing processes. As part of the healthcare IT industry, our job is to up our game to meet the demands, address the needs, and more importantly, to help healthcare providers increase ROI when outsourcing their healthcare IT needs.
Medical coding is an essential aspect in the medical billing system. Accuracy and expertise on it are necessary factors to reduce the risks of your institution’s finances. If you arrive at a conclusion of outsourcing your medical coding process to us, we can assist you with everything included in it—from organizing patient’s data to accomplishing all things needed. Learn more!