State & Local Health Care IT Spending Increases 17-Nov-04
State and Local Health Care Spending on Information Technology Increases More Than 50 Percent by 2009
IT System Efficiencies and Electronic Records Drive Increase; Outsourcing To Play Significant Role
Reston, VA – November 17, 2004 – Government Information Technology (IT) spending for state and local health care will rise from roughly $6 billion in FY2005 to over $9 billion in FY2009, a 50 percent growth rate over five years, according to a report released today by INPUT, the quantifiable leader in government market intelligence. The projected increase is driven by requirements for greater health care system and administrative efficiencies, as well as continued investments in Medicaid Management Information Systems (MMIS). In addition, the advancement of electronic records management is serving as a catalyst for increased IT expenditures.
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