With rapid increase in the overall healthcare industry, the healthcare IT outsourcing segment is also witnessing continued growth and is forecasted to grow at a compound annual growth rate of 7.6 percent, to reach $50.4 billion by 2018 from $35 billion in 2013. The results were published through a new market research conducted by RnR.
The main segments driving the healthcare IT outsourcing market are health insurance, healthcare systems, and pharmaceuticals. According to the report, the outsourcing market model is enabling these segments to focus on core business, reduce operational and maintenance costs, increase access to IT skilled and quickly implement new technologies and train staff.
The research also states that healthcare IT outsourcing model has become a way to curb the rising costs of healthcare and to efficiently meet the growing demand for quality care. The growing trend has been prevalent among large organizations and it is now attracting mid-sized organizations as well. In several cases, the entire information management system is outsourced to another company while in others, only key services and applications are outsourced.
KMG provides Health IT solutions developed to enhance efficiency of healthcare providers and improve patient outcomes. Through constant exchange of ideas and innovation with industry experts, KMG has developed a deep understanding of the healthcare environment and the various issues in terms of enhancing the overall healthcare delivery.
KMG helps clients get around their IT challenges through flexible and cost-effective services including:
- Development, integration and maintenance of applications
- Building Physician and Patient Centric Portals
- Mobile Health Solutions
- Custom built solutions / extensions to major Hospital systems
- Management, implementation and 24×7 support for patient centric applications and processes
- System modernization and web enablement of applications