Healthcare is an information intensive industry. Being an information-based industry, it can benefit from IT more than perhaps any other industry. Indian healthcare is plagued by a lack of standardisation and accreditation, highlighting the need for information management expertise. IT, a core competence of India as recognised around the globe, facilitates management of information. Moreover, with IT transformation within the setup, healthcare in the country is indeed taking a big leap. Will this great leap take to new strides in the healthcare sector such as telesurgery, teleconsultation, telemedicine, telediagnostics, telejustice, exchange of views of experts, etc, all stemming from the roots of ICT revolution?
Sounds realistic given the fact that ICT is revolutionising the healthcare industry as well improvising services—a new paradigm in healthcare. The IT investment for healthcare delivery consists of telemedicine, hospital information system (HIS), IT-related hardware, networking, etc, according Sandeep Sinha and Amey Chandavarkar, senior research analysts, healthcare practice, Frost & Sullivan, India. The total revenue from software in healthcare market was approximately $8.5 million in 2005. The total market revenue is expected to reach $25 million by 2010 with CAGR of 20%. In India, large private hospitals spend around 0.5% to 2% of total budgets on transformation, the analysts add.
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