At $2.9 trillion in size, the US healthcare industry is one of the largest of its kind on the globe. US healthcare industry is proving to be dynamic, disruptive and innovative compared to a few years back. The industry is still evolving with regulations such as HIPAA and HITECH Act. New requirements such as MACRA for performance measurement for physician payments are increasing the dependency on information technology for the healthcare sector.
While the industry is still looking at solving challenges such as cyber security, ineffective interoperability, lack of performance of EMR systems, new trends like telemedicine, behavioral healthcare, and value-based models are increasing the need to assess the true cost of services and opportunities to become more efficient and improve care quality. We are also witnessing exciting changes in the adoption of technology. Digitization is a priority throughout the healthcare industry. Mobile health adoption has doubled between 2013 and 2015. Healthcare players will continue to pour capital into information technology tools, population health tools and analytical systems.