Healthcare IT Consulting Services Market

Healthcare IT consulting services is described as the provision of IT consultancy and IT-based services provided by the IT organizations for different type of healthcare organizations and facilities. This consultancy services is designed to improve the efficiency of a healthcare organization/facility as they can help in ensuring better security in exchange of data between different organizations and departments of a healthcare facility.

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Healthcare IT consulting services market is growing due to adoption of digital healthcare models over paper-based healthcare models, government support for healthcare IT solutions; the effects of these factors are mentioned below:

• Adoption of digital healthcare models over paper-based healthcare models: With the increasing utilization of digital modes of healthcare services rather than utilizing paper as a mode of health care. This essentially means that the healthcare providers are providing the medical care in a digital form rather than physically over paper, such as prescriptions, prevention of disorders, health care management and instructions for maintaining a consistent level of performance
• Government support for healthcare IT solutions: Increasing organizational support being provided for the implementation of advanced healthcare IT solutions is expected to promote the overall market growth. This trend will have a positive market growth potential as the initiatives from the government as well as the organizations are focusing on increasing the efficiency of healthcare facilities as well as making the most of the limited resources available to their disposal while not compromising on medical care being provided

Strategic partnership and innovations in offerings by companies in Healthcare IT Consulting Services Market:

• In June 2019, CitiusTech in partnership with FluidEdge Consulting announced the launch of “Medicare Advantage Performance Suite (MA-PS)” developed for providing consulting, services and technology solutions for application in “Medicare Advantage” plans which can help boost the CMS ratings as well as HEDIS scores
• In January 2019, Olio announced the availability of their platform on a national scale helping provide connectivity service for hospitals, physicians, various other health care providers and patients. The main objective of this platform is providing the most accurate platform for patients and physicians to reach the best clinical outcome

The market is segmented on the basis of type as HCIT strategy & project/program management, healthcare application analysis, design & development, HCIT integration & migration, HCIT change management, healthcare/medical system security set-up & risk assessment medical security set-up, healthcare enterprise reporting & data analytics, production go-live/post go-live support, healthcare business process management, regulatory compliance, other consulting services; end users as healthcare provider, healthcare payer, other end users.

“According to Data Bridge Market Research, Global Healthcare IT Consulting Services Market is expected to be growing with a healthy CAGR of 20.4% during the forecast period of 2019 to 2026”

Some of the major players operating in market are Accenture, Allscripts Healthcare,LLC, Atos SE, Epic Systems Corporation, General Electric, Koninklijke Philips N.V., Mckesson Corporation, Cerner Corporation, Cisco, Cognizant, Genpact, Deloitte Touche Tohmatsu Limited, HCL Technologies Limited, Hexaware Technologies, Infor, IBM Corporation, Infosys Limited, Larsen & Toubro Limited, Microsoft, Ntt Data,Inc., Oracle, Sap SE, Tata Consultancy Services Limited, Wipro Limited among others.

One of the most beneficial factors that is improving the adoption rate for healthcare IT consulting services is the need for having an effective execution platform designed for appropriate implementation of a number of healthcare policies being formulated by the different authorities and organizations. Having a streamlined IT infrastructure can be highly beneficial for a healthcare organization as it improves the levels of operational efficiency while ensuring that the data remains highly secure.

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