The IDC Healthcare Insights held its annual Healthcare predictions call for 2010 yesterday. Scott Lundstrom, IDC Vice President of Research, led the call and brought in other analysts to cover the key trends by geography, by Payer/Provider, and sub-industries Life Sciences and Pharma.
Here’s my summary of the top ten predictions reviewed on the call:
- Business Intelligence: IDC says this is the number one technology investment category
- Actionable Advice Will Lead Business Intelligence Priorities and Investment: Demand for real-time and just-in-time information is growing to improve decision making
- Legislative and Regulatory Compliance Initiatives: IDC expects this to be among the top 3 tech investment categories in 2010
- Days of Following the Hype Will Be Over: Firms will focus on ROI and value in selection criteria
- 2010 Will Be the Year of the EMR: IDC says to expect unprecedented levels of activity in the EMR/EHR application market.
- Health Information Exchanges: IDC says that meaningful use requirements will fuel investment in HIE technologies
- Medical Home Best Practices Will Emerge: IDC expects pilots will drive the documentation of best practices for the emerging medical home market.
- Cost As A Function Of Delivered Benefit: Value in the drug access and pricing equation will begin to significantly impact drug makers in the U.S.
- Research Moved To The Cloud: Major Pharmaceutical companies will move significant amounts of their discovery research IT infrastructure to the cloud
- Pharmaceutical IT Spending on Aggregate Promotional Spend Compliance Will Surge: Demand for IT software and services focused on monitoring aggregate spend compliance will continue to grow at a quick pace.
Healthcare IT has been heating up for a number of years. There are many, many reasons why it has been slow to take off. The move to electronic medical records is a key trend that will help enable the transformation of all the inefficient systems in the healthcare system. When that is complete, then the business intelligence initiatives will pay off considerably.
I can’t wait for a better healthcare IT system to be in place! Unfortunately the true potential of a better healthcare IT system will not be realized for a number of years.
For more information
- Watch the Web Conference: IDC Insights Predictions 2010: Health
- Get the detailed IDC reports:
- Visit the IDC Healthcare Insights web site: www.idc-hi.com
- Visit the IDC Healthcare Insights online community: http://idc-insights-community.com/health
- To view editions of the "IDC Health Insights on Health" newsletter, Click here