Healthcare News & Insights

U.S. to double American exports, including Health IT

The U.S. government’s National Exports Initiative aims to double American exports within the next five years – including Health IT. The move could lead to growth in the health IT industry and help improve an already strong job market for health IT professionals. 

According to Secretary of Commerce, Gary Locke, approximately 10 million U.S. jobs are supported by exports. The initiative should have a substantial effect on the economy, as last year they were responsible for 11% of our GDP.

The Healthcare Team of the U.S. Commercial Service plans to assist in international expansion using tactics including:

  • Identifying and evaluate international partners
  • Navigating international documentation challenges, and
  • Creating market entry strategies.

So where does health IT come in? In terms of the global HIT, the U.S. is the only country focusing on meaningful use requirements and the best practices to implement. With the help of the U.S. Trade and Commerce departments, vendors may be able to cultivate a market in other areas.

The more health HIT vendors begin to export software, the higher the need will become for experts in consulting, troubleshooting, and implementing that software. HIT professionals familiar with the software will not only be in a higher demand overseas, but at home as well.

Companies such as Medco have their eyes on European expansion to tackle competition at home. Medco believes they can reduce medical spending significantly in Europe.

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