Revenue generated from personal health record software sales is expected to increase over the next few years, according to a report by Frost & Sullivan, EHR Watch/Government Health IT reports.
Report Details
The report estimates that PHR software-generated revenue will increase from $312.2 million in 2010 to $414.8 million in 2015, representing a 5.8% compound annual growth rate.
The report noted that people traditionally have had a low level of interest in maintaining PHRs. However, researchers predicted that individuals increasingly will be drawn to the technology for various reasons, including:
Jessica Ryan Ohlin — a Frost & Sullivan analyst — suggested that as the health system undergoes structural and payment changes, “public sentiment is shifting away from the traditional passive approach towards recognition of the need to be more proactive about future care and more engaged at the actual point of care” (Rowe, EHR Watch/Government Health IT, 3/12).
Source: iHealthBeat
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