The healthcare IT market is blossoming with room to grow, according to a report on seekingalpha.com. Here's what you should know.
1. The market has a value between $32 billion and $47 billion, and is expected to grow 10 to 14 percent annually.
2. The market includes electronic health records, revenue cycle management, practice management and mobile health.
Revenue cycle and practice management make up the largest two market segments with mobile health following close behind.
3. Hexa Research estimates the market will continue to grow through 2020. Goldman Sachs values the market at $32.4 billion, but supports the forecasted growth.
4. Digital healthcare will "revolutionize" the healthcare industry, and could save America $300 billion in the near future because of the elimination of wasteful expenditures.
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