The US-based research and consulting firm – MarketsandMarkets – has released a healthcare information technology report that forecasts substantial growth in the healthcare information technology by 2014. The forecast of a compound annual growth rate of 16.1% is being attributed to. The CAGR of 16.1% is attributed to the exponential increase in demand for general applications such as electronic medical records (EMR), electronic health records (EHR), computerized physician order entry system (CPOE) and non clinical systems. Continue reading: MarketsandMarkets Report Forecasts Growth in Healthcare Information Technology Market
Being tied to a paper chart to provide care and evaluate results is a time consuming process that may breed inefficiency in the long term. Paper-based ordering systems are not only time-intensive but are also known to duplicate the efforts. These loopholes in the system can be corrected by implementing computerized provider order entry (CPOE) systems. A CPOE enables employees in healthcare facilities to electronically write the entire range of orders, maintain medication administration records, and review changes made to an order. As these systems are web based these can used by many personnel at a time and eliminate duplication of entries.