The Healthcare industry is the tenth largest in the world in terms of technology spending and ninth in the US. However, Healthcare in the United States is in crisis. Escalating costs of patient care, malpractice insurance, and personal health insurance, heightened expectations of care and services, high regulations through legislation such as HIPAA, minimal use of technology, and the growing numbers of uninsured and underinsured all are contributing factors. Healthcare administrators, health insurance providers, the Federal Government, and State Governments are rapidly working to improve the entire healthcare system. The Federal Government passed the Healthcare Bill in March 2010, after months of debate. The bill is taking active steps to nationalize healthcare standards and provide care to the thousands of uninsured through insurance exchanges and tax credits. One of the primary emphases is accelerating healthcare IT adoption in areas such as Electronic Medical Records (EMR) and healthcare performance management. With the assistance of funds from the American Recovery and Reinvestment Act (ARRA), many hospitals and doctors have financial incentives to adopt these new technologies. Yet, the Healthcare Industry is historically hesitant to adopt new management-focused technologies because incentives are aligned to help management, human resources, or insurance companies but not physicians who are the primary users. Healthcare IT systems are also very costly and typically constitute 15-20% of a hospital's entire operating budget due to the high numbers of skilled employees required to operate them effectively.

The notion is fast-spreading that Indian hospitals can provide world-class care at competitive rates. India today has big names in healthcare like the All India Institute of Medical Sciences (AIIMS), Apollo Hospitals and Shankara Netralaya.

India is very well placed to tap the growing potential of the healthcare sector. It has the relevant skill-sets with adequate human resources to become the preferred healthcare player in emerging countries across the globe.

Increasing urbanization, superior demographics, better health consciousness and higher life expectancy has enhanced the demand for quality healthcare.
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