Electronic health records’ market value on the rise

Government incentives and overall popularity are having a very positive impact on the electronic health records market.

Government incentives and overall popularity are having a very positive impact on the electronic health records market. In 2013 the overall market was worth more than $23 billion. Healthcare IT News reports that’s about an $8 billion increase over the last three years. Those totals come from a report issued by Kalorama Information, which says upgrades to EMR systems because of potential new government penalties are starting to make solid contributions to the marketplace. Kalorama predicts the market value will continue to rise during the next few years as hospitals and health care providers continue to add and upgrade the systems. The report estimates between a quarter and a third of EMR systems will be replaced in the next few years.

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