HIT Sector Ripe For Consolidation

As the healthcare industry braces for a slew of technologies that capture, store, protect, and exchange patient data, many small healthcare information technology providers will be gobbled up by larger competitors, an IDC report predicts. The report, entitled Vendor Assessment: Industry Short List for Health Information Exchange Technologies, said many health IT vendors are small to medium-sized, privately held companies and could be prime acquisition targets for larger companies seeking health information exchange (HIE) solutions.