Summary

Despite all the dire talk in healthcare circles about the impact of the recession on capital spending, since health IT has been identified by the incoming Obama Administration as a key component of its economic stimulus plan, that sector is poised for unprecedented growth.

Analysis

Kalorama Information forecsts the EMR market to grow by 14.1 % annually from $9.5 billion in 2007 to almost double that, $18.4 billion in 2012.  The emerging personal health record trend will lhave a vast impact on the EMR market and on healthcare in the upcoming year and beyond. 

Giving patients online access to their own charts is expected to enhance the doctor-patient relationship and reduce healthcare costs, while improving quality and safety and decreasing medical liablity risk.

Companies poised to do well in this new environment in the next several years include:

1.  Google;

2.  Microsoft;

3.  General Electric;

4.  McKesson;

5.  Siemens;

6.  Allscripts;

7.  Quality Systems, Inc.

8.  Cerner;

9.  eClinical Works; and

10. Eclipsys

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