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Healthcare IT Expenses in Singapore to Reach US$548M this Year

by: Sarah Joson

Thursday, December 4, 2014 | Outsourcing News |

Healthcare IT in Singapore will post 4% Growth

American information technology research and advisory firm Gartner expected that spending activity for healthcare IT products and services in Singapore will reach US$548 million this year. This is 4% higher than the revenues posted last year. The total projected expenses are by hospitals and hospital systems, ambulatory service, and physicians' practices. It is said to be spent on internal services, software, IT services, data center, devices, and telecom services.

The firm pointed out that healthcare providers will account for the largest spending activity throughout the forecast period for procedures such as consulting, implementation, IT outsourcing, and business process outsourcing (BPO). It is expected to grow by 4.3% this year to reach US$250 million in 2014 led by growth in BPO and consulting. The fastest-growing segment will be software at 12.6 percent in 2014 and is seen to reach US$69 million in 2014. Internal services, which include all company employees who plan, develop, implement, and maintain information systems, are expected to grow by 2% in 2014.

Anurag Gupta, Research Director at Gartner, said growth of the various healthcare programs is anchored on Singapore's National Electronic Health Record system. Growth areas, on the other hand, are seen to cover patient care, advanced analytics, and the application of business intelligence and research.


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