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IT outsourcing in healthcare is still in its nascent stage compared to other industries that have traditionally chosen to outsource their processes. The global healthcare industry is highly fragmented with enormous pressure to reduce the cost of healthcare services. Technavio market analysts estimate that the global healthcare ITO market to cross revenues in excess of $61 billion by 2019.
Hospitals are increasingly looking to outsource core IT functions to service providers and experts in the business of IT application and infrastructure maintenance. Outsourcing is likely to witness widespread adoption in the healthcare market as it is immensely beneficial to hospital managements. Its growing prevalence is expected to help executives focus on patient care systems and cut down on the many costs involved in having an in-house IT department.
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