The IT consultancy offers advice to research institutes, insurance companies, hospitals, government bodies, and life sciences companies regarding the framing of their business strategies. These consultancies consider the structure of the organization, profit-loss ratio, and efficiency to suggest improvements and offer insights into the industry analysis. The healthcare IT consulting includes infrastructure planning, facility, hospital, software, and the planning of finances. It assists the organizations to stay ahead in the competitive environment and improve their services in a systematic way.
The global healthcare IT consulting market is primarily fuelled by the wide adoption of digitalization in the healthcare sector all across the globe. The robust IT support with agile and effective methods is a key advantage for healthcare service providers to achieve increased profitability, controlling cost, better quality, and simplifying inventory management. Moreover, the wide adoption of IT healthcare consulting due to favorable government policies in developed and developing regions is likely to further create many lucrative growth opportunities in the market in the forthcoming years. However, the transforming technology landscape and innovative developments in recent years are effectively resolving the underlying challenges of confidentiality and data privacy. Thus, there is an increasing demand for healthcare IT based consulting all across the globe. The growing competition in the healthcare sector due to the growing number of hospitals and clinics owing to the vigorous support from the government authorities are further posing extensive requirements for such consulting services.
The global healthcare IT consulting market can be segmented into end-user, consulting type, and region.
By end-use, the market can be segmented into healthcare players, healthcare providers, and others.
By consulting type, the market can be segmented into regulatory compliance, healthcare business process management, production go-live, healthcare enterprise reporting & data analytics services, healthcare IT change management, healthcare IT integration & migration, healthcare IT strategy & project, healthcare system, security setup & risk management, healthcare analysis, design, & development, and others.
North America accounts for the largest share in the global healthcare IT consulting market due to the transformations and regulations for payment in medicare. Nowadays, healthcare providers are highly dependent on IT healthcare consulting companies in the region for every operation from payment to execution of business strategies.
Some of the significant players in the global healthcare IT consulting market are Oracle Corporation, Ciox Health, Softheon, Wipro Limited, Leidos, Cerner, InterSystems, Tata Consultancy Services, Inovalon, 3M, Nuance, Conifer Health,Omnicell, Infor, Conduent, Athenahealth, IBM, GE Healthcare, Allscripts, Dell Technologies, Epic Systems, Philips Healthcare, Cognizant, Change Healthcare, and Optum. To cite, Deloitte acquired ClearViewIP in June 2019. This acquisition move is expected to help Deloitte to proliferate the company’s IP advisory vertical in the healthcare sector.