State and local governments' spending on health IT will increase from $7.6 billion in 2009 to $9.6 billion in 2014, a compound growth rate of 4.6%, according to a new report from market research firm Input.
The report, titled Health IT Transformation: FY 2009-FY 2014 State and Local Market Forecast, notes that the federal economic stimulus package is driving the increase in health IT spending.
According to the report, state and local government agencies' spending on electronic health record systems will increase from $850 million in 2009 to $1.85 billion in 2014.