Health IT and services are expected to grow 12.9% from 2022 to 2028. Data growth and operational efficiency pushes fuel this.
US regulations impacting the health IT and services market include HIPAA, Meaningful Use, HITECH, the Cybersecurity Act, and the CISA Framework.
Lack of standardization and complexity in health IT systems are the primary procurement hurdles in the health IT and services market.
Consider contract length to accommodate implementation, level of provider support, and the structure of any licensing agreement.