Health care plans & providers to invest heavily in IT services














Spending on information technology products and services will grow at a brisk clip, according to Datamonitor, a business information company. Through 2010, Datamonitor expects that the payer market for health care IT will expand by a 7 percent compound annual rate over five years.

The company expects slightly more market expansion in the provider sector — 7.4 percent — than in the payer sector.

Large payer organizations are more likely to customize their applications, especially those applications that distinguish them from competitors, says Jocelyn Young, Datamonitor's research director. Smaller payers are more likely to purchase packaged software because of ease of deployment and integration with other systems.

Young believes that continued investment will be driven by the overall need for organizations to do more with less, as well as the need to be more efficient in key areas of business.

Datamonitor makes these observations in a report titled "Technology Opportunities in the North American Healthcare Market."

Source: Datamonitor

Career Opportunities

HAP, a subsidiary of Henry Ford Health System, is a nonprofit health plan providing coverage to individuals, companies and organizations. This executive develops strategies to meet membership and revenue targets through products, pricing, market segmentation and advertising.  Aligns business among Business Development, Commercial Sales, Medicare and Public Sector Programs and Product Development. Seeks to enhance and be responsible for business development and expansion through the development of an effective product portfolio, strong interpersonal relationships and service excellence.

Apply via email to jfedder1@hfhs.org or online at http://p.rfer.us/HENRYFORDlXqAJA

Subscribe to Our Newsletters

Monthly table of contents

Be notified as each issue of Managed Care is available online.

Biweekly newsletter

Recent topics have included:

PTCommunity news

New drug approvals, clinical trials, drug management. Three times per week.

UP NEXT

Managed Care
By Peter Wehrwein
Managed Care
By Howard Wolinsky