Hit For Ict

< BACK TO INFORMATION TECHNOLOGY starstarstarstarstar   Science - Information Technology Press Release
27th February 2009, 03:39am - Views: 706









HIT for ICT


KUALA LUMPUR, Feb. 26 /PRNewswire-AsiaNet/ --


                 Information Technology advances in Healthcare 

 

    The recent economic climate is surely not creating a ruckus across all businesses, at least not in

the Information and Communication Technologies (ICT). 




    In recent years, the acquisition of computer technologies by healthcare organizations has

increased substantially. The spending shows an upward 

tendency, placing the industry as one of the major consumers of ICT products 

and services. 


    The adoption of ICT is essential for modern healthcare delivery systems if 

they are to gain greater efficiency, reduce overall healthcare costs and 

improve patient safety. IT innovations such as computer-based patient records, 

hospital information systems, computer-based decision support tools, 

telemedicine and new means of distributing health information to consumers have the potential of

improving care delivery.  


    According to Frost & Sullivan's Senior Consultant Dr. Pawel Suwinski, "The 

spending on healthcare information systems in Asia Pacific in year 2007 by the 

healthcare sector was valued at $15.50 billion, with advanced IT adopters such 

as Japan leading the pack. This accounted for 1.5 to 2.3 percent of total healthcare expenditure." 


    By 2012, it is estimated that healthcare spending will almost double, with 

developing economies such as India, China and the Southeast Asian countries showing the highest

growth potential with a compound annual growth rate (CAGR) 

of 13.0 to 14.0 percent. 


    "In the next eight to ten years, we will see countries like South Korea, 

Singapore, Japan, Australia, and Taiwan fully integrated and be connected to 

the various levels of healthcare infrastructure to ensure time and cost-

efficient healthcare delivery," Dr. Suwinski further elaborates. 


    On the contrary, players in the Healthcare Information Technology (HIT) industry are also

balancing their act to cushion the impact of the financial 

calamity by delaying capital projects, cutting capital and operating budgets, 

and laying off workers.  


    "While health information technology budgets are not escaping cutbacks, a 

survey of 144 chief information officers, 27 chief financial officers and vice-presidents of Finance

departments at hospitals of all sizes across the 

country makes it clear that health IT remains a strategic imperative for 

hospitals," adds Dr. Suwinski. 


    2009 and possibly part or all of 2010 will be challenging years for 

healthcare service providers. Before the hit, hospitals had shown important progress in health IT

adoption, and for now, many of these initiatives are funded and moving forward.  

Science Information Technology Frost & Sullivan 2 image


    Healthcare IT is no longer a "nice to have" additions for their operations. 

It is a strategic priority for hospitals to deliver safer, higher quality and 

more cost-effective care, thus enabling hospitals to stay competitive. Some hospital executives see

this as the time to invest in IT initiatives that will 

deliver direct and quantifiable savings to their organizations. 

 

    About Frost & Sullivan 

    Frost & Sullivan, the Growth Partnership Company, enables clients to 

accelerate growth and achieve best in class positions in growth, innovation and leadership. The

company's Growth Partnership Service provides the CEO and 

the CEO's Growth Team with disciplined research and best practice models to drive the generation,

evaluation and implementation of powerful growth 

strategies.   Frost & Sullivan leverages over 45 years of experience in 

partnering with Global 1000 companies, emerging businesses and the investment 

community from 31 offices on six continents.   To join our Growth Partnership, 


 

     Contact:  

     Emmie Kaur 

     Corporate Communications -Healthcare, Asia Pacific  

     DID: +603 6204 5913 

     Email: emmie.kaur@frost.com 

 

     Jasminder Kaur 

     Corporate Communications -Healthcare, Asia Pacific  

     DID: +65 6890 0937 

     Email: jkaur@frost.com 

 

SOURCE  Frost & Sullivan 

    

    CONTACT: Emmie Kaur, Corporate Communications - Healthcare, Asia Pacific,  

+603 6204 5913, emmie.kaur@frost.com, or Jasminder Kaur, Corporate 

Communications - Healthcare, Asia Pacific, +65 6890 0937, jkaur@frost.com, both of Frost &

Sullivan







To view this and other AsiaNet releases please visit http://www.asianetnews.net






news articles logo NEWS ARTICLES
Contact News Articles |Remove this article