Experts predict 7.5 percent growth in federal health IT

A recent GovWin IQ study predicted that federal outlays on health IT will reach $6.5 billion by 2016, representing an annual compound growth rate of 7.5 percent since 2011. By contrast, government spending on IT in general for the same five-year period is excepted to fall by 1.8 percent.

Federal Health IT Forecast 2012-2016 (federal outlays in billions)

2012: 4.6
2013: 4.7
2014: 5.2
2015: 5.7
2016: 6.5
CAGR: 7.5 percent

Total IT Spending Forecast 2012-2016 (federal outlays in billions)

2012: 64.8
2013: 65.2
2014: 65
2015: 61.6
2016: 60.2
CAGR: -1.82 percent

source: Deltek

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