Menu
Healthcare opportunity ahead for ICT vendors: Ovum

Healthcare opportunity ahead for ICT vendors: Ovum

While overall spending budgets are tightening, healthcare sector still spending on ICT

Budgetary and performance challenges faced by the healthcare industry will present a significant opportunity for ICT vendors in 2014, particularly as overall ICT spending in the industry remains healthy, according to Ovum.

In its Healthcare Technology Spending Through 2018: Source Segmentation (December 2013) forecast, the analyst firm indicates the healthcare industry will generate global ICT revenues of $US185 billion by 2018, up from $US110bn at the end of 2012. The figure represents a compound annual growth rate (CAGR) of eight per cent.

“Although many healthcare systems face overall tightening budgets, public systems in particular, our enterprise survey and various healthcare organisations’ reported results show significantly different growth rates in projected ICT spending,” Ovum head of healthcare technology practice, Charlotte Davies, said.

Ovum said government incentives continue to spur spending, as does the journey towards effective electronic health records (EHRs), data digitisation, and the rise of patient relationship management (PRM).

Additionally, the firm’s 2014 Trends to Watch report claims business intelligence (BI) and analytics spending will also see increased traction over the next few years, with positive impact across computer-assisted coding (CAC), clinical documentation improvement (CDI), and Big Data.

“Overall, we believe that attitudes to ICT in healthcare are reaching a tipping point, as more budget holders realise its intrinsic value and necessity to effective healthcare transformation and increased efficiency, government project failures notwithstanding.”

At the same time, though, the large aggregate sum of these investments will cause healthcare industry organisations to seek proven business expertise, flexibility, and competitive pricing from vendors.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags ovumHealthcaree-healthspending

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments