By 2013, the market for financial IT systems in physician offices is expected to pass $6 billion, according to Research and Markets, a Dublin, Ireland-based research firm.
In a new report, the firm predicts that the current $3.5 billion market for IT systems could reach $6.22 billion over the next five years.
The report said that IT systems are growing in popularity as practices realize efficiencies they can gain by automating time-consuming manual processes.
Dashboard systems that give clinicians a view of financial processes are emerging as a desirable business process management tool for physician practices, according to a Research and Markets’ release.
The report, Physician Office Financial Systems — Market Opportunities, Strategies, and Forecasts, 2007 to 2013, did note that processes like manual coding are cheaper than IT implementations in the short term.