There is also a growing demand for healthcare IT outsourcing as a result of rising compliance pressure from governments globally and growing dependence on advanced technology solutions for effective healthcare administration.

1. Healthcare IT Outsourcing Market - Complete Study of
Current Trends and Growth Drivers For 2020
Report Description
IT outsourcing in healthcare refers to the use of third party
service providers to manage and maintain technology enabled
operations in healthcare provider and payer segments. Some

2. of the outsourced components include patient data
management, financial data management, asset management,
healthcare data analytics, and various other administrative
services. The demand for strong and robust IT infrastructure
in healthcare is one the major factors driving the overall
healthcare IT outsourcing market. Moreover, due to the lack
of skilled workforce with proper IT expertise, maintenance of
in-house IT infrastructure becomes a challenging task for
healthcare organizations. Outsourcing IT solutions not only
gives healthcare payers and providers the opportunity to
focus on their core services but also helps in reducing
management costs.

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There is also a growing demand for healthcare IT outsourcing
as a result of rising compliance pressure from governments
globally and growing dependence on advanced technology
solutions for effective healthcare administration. Governments
pushing healthcare reforms in the form of Affordable Care
Act (ACA), International Statistical Classification of Diseases
and Related Health Problems (ICD-10) norms, Health
Insurance Exchange (HIX), and Medicare, has resulted in
growing use of IT outsourcing in the healthcare industry.
Outsourcing IT in healthcare plays an important role in
enabling optimum resource allocation in hospitals, better

4. quality patient care, and analytics driven management
systems. With the increase in overall competition levels
among leading IT solution and service providers in terms of
developing integrated platforms with higher levels of
customization, the healthcare providers/payers are getting
better access to IT services at reasonable costs. Moreover,
growing partnerships of technology vendors to upgrade and
create better platforms, is again playing a greater role in
driving the healthcare IT outsourcing market across the
globe.
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5. On the basis of applications, the healthcare IT outsourcing
market is categorized into care management, administration,
and IT infrastructure management. Factors such as increasing
usage of electronic health record systems, population health
management technologies, and high reliance on data analytics
are resulting in the improved growth of the healthcare IT
outsourcing market. End-use segments of the healthcare IT
outsourcing market include healthcare payers and healthcare
providers. As a result of growing government initiatives to
provide affordable care and improved diagnostics, healthcare
organizations across the globe are giving higher preference to
IT outsourcing to cut operational costs and be able to focus
on core tasks.

6. There is growing need to electronically track the large
amount of complex data generated by day-to-day operations
in healthcare including electronic monitoring, billing codes,
medical records, medical inventory management, and hospital
asset management.
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outsourcing-market
During the coming years, demand from emerging regional
markets such as Asia Pacific, Latin America, and Middle East
and Africa (MEA) are anticipated to drive the growth of the
healthcare outsourcing market. Some of the players involved
in offering solutions or services related to healthcare IT

7. outsourcing are Accenture Plc., IBM Corporation, Cognizant
Technology Solutions, Tata Consultancy Services, Infosys
Limited, Allscripts Healthcare Solutions, Inc., McKesson
Corporation, L&T Infotech, HCL Technologies Ltd., and Wipro
Limited.
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