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IT outsourcing in healthcare is still in its nascent stage compared to other industries that have traditionally chosen to outsource their processes. The global healthcare industry is highly fragmented with enormous pressure to reduce the cost of healthcare services. Technavio market analysts estimate that the global healthcare ITO market to cross revenues in excess of $61 billion by 2019.
Hospitals are increasingly looking to outsource core IT functions to service providers and experts in the business of IT application and infrastructure maintenance. Outsourcing is likely to witness widespread adoption in the healthcare market as it is immensely beneficial to hospital managements. Its growing prevalence is expected to help executives focus on patient care systems and cut down on the many costs involved in having an in-house IT department.
Outsourcing services associated with healthcare information systems such as HIS, RIS, LIS, and PIS requires comprehensive solution aligned with relevant domain expertise. Comprehensive IT solutions enable real-time monitoring of patients. The cost of implementation and maintenance of HIS is high, and therefore, outsourcing is expected to significantly reduce the burden of dependence on a skilled workforce.
The APAC region is expected to emerge as the fastest growing region during the forecast period. This region, along with the Americas, is expected to gain a huge market share in the global healthcare ITO market by 2019.
The leading market vendors are focusing on product offerings with analytical features such as predictive and content analytics to help doctors understand the complexity of medical problems and improve the quality of healthcare.
Other prominent vendors in the market include CGI, Dell, Fujitsu, HCL, iGATE, Hexaware, HP, L&T, Syntel, and Tech Mahindra.
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