The US health IT industry is likely to receive a major boost with the implementation of the federal government supported Electronic Health Record (EHR) adoption program from this year. According to CMS, Medicare has already disbursed as much as $75 m so far to providers who have demonstrated meaningful use of certified Electronic Health Record software. As more providers begin to participate in the EHR program, the health IT industry is expected to grow manifold in the next few years. A global research firm, RNCOS, has, in fact, estimated in its new study, ‘US Healthcare IT Market Analysis’, that the health care IT industry in the country will grow 24 per cent from 2012 to 2014, with higher spending on Electronic Health Records and mobile health applications. The current spending on health care IT is about $80 billion a year, the study states.
