EHR/EMR Spending of All Types for 2009 Was Approximately $2 Billion-Projected to Hit $3.8 Billion in 2015?

There’s a lot of money in electronic medical records and when you look at the numbers, I wonder where the line is actually drawn and if this includes payer services too? It’s too soon to see what was actually spent last year in 2010 and the projections are only as good as the economy will let it be, but at long as the incentives hold tight spending will be there. I just wonder when we are going to see some collaboration that everyone talks about and it seems we don’t see a lot of it until we have a merger or acquisition and then the data systems come together.

Health IT The Next Bubble and How Long Will It Take to Pop–Probably When The Money Runs Out

When you bring in other areas of Health IT that support electronic records, I wonder when the bubble could burst as I mentioned above? We certainly are not short on innovation as it can stand on it’s own, but collaboration seems to be the tough part when profits come into the picture. BD

Innovation Without Collaboration Is Fouling Up The US Healthcare IT System–We Need Both As We Can’t Stand on Innovation Alone

An IDC Health Insights study predicts there will be explosive, double-digit growth in spending on ambulatory and inpatient electronic medical record (EMR) and electronic health record (EHR) software between 2009 and 2015.

The report, U.S. Electronic Health and Medical Records 2009-2015 -- Meaningful Use Spending Forecast and Analysis, was published in December, and looks at the critical years during which the federal government's incentive programs for the adoption of meaningful use of EMR/EHRs will be implemented. Among the report's key findings are:

- Total EMR/EHR software spending by all types of providers was approximately $2 billion in 2009 and is expected to grow to approximately $3.8 billion in 2015. The compound annual growth rate (CAGR) for total EMR/EHR software spending between 2009 and 2015 is expected to be 11.5%.

-- Ambulatory EMR/EHR software spending by all types of providers was $633.5 million in 2009 and is expected to grow to $1.4 billion in 2015. The CAGR for ambulatory EMR spending between 2009 and 2015 is expected to be 14.2%.

EHR Spending To Hit $3.8 Billion In 2015 -- Electronic Health Records -- InformationWeek