Deltek Federal Health Information Technology Market, 2018-2023
Published: April 05, 2018
Deltek’s Federal Health Information Technology Market, 2018-2023 takes an in depth look at the climate, policies and technology drivers that are shaping federal health IT and provides a five year outlook for the marketplace.
The federal government estimates that federal health care spending will increase 80% from $918B in 2015 to $1.7T in 2025. Requirements for improved quality, interoperability, data sharing and privacy will drive federal agencies taking on the role of promoter, provider or payer to invest in more IT solutions for enhanced health effects and to thwart waste, fraud and abuse.
A focus on patient accessibility, paying for performance, modernizing health IT systems and emerging technology will spur spending within the health IT market in the next five years. The Department of Defense is in the midst of deploying a new electronic health record (EHR) system, and the Department of Veterans Affairs is expected to implement the same solution. Federal health IT spending over the forecasted period is greatly influenced by these new EHR platforms as well as potential solutions by the Coast Guard and Department of State. Efforts to increase medical innovation, mobile health, health care cost control and combat public health issues such as the current opioid epidemic will also solidify investments in health IT products and services.
Deltek forecasts spending on vendor-provided federal health IT goods and services will increase from $6.1B in 2018 to $8.1B in 2023 at a compound annual growth rate (CAGR) of 5.6%.
Critical Insight for Vendors
This report delivers a comprehensive view of upcoming health IT spending plans. Its purpose is to assist in business development planning through strategic and tactical insight into the federal health IT market.
The report provides:
Deltek's Federal Health Information Technology Market, 2018-2023 report is delivered in PowerPoint® format, including a PowerPoint® Executive Briefing, and an Excel® data workbook.
Federal Health Information Technology Market, 2018-2023
Historical Spending, FY 2010-2017
IT Market Forecast
Conclusions and Recommendations