Digitization of the healthcare industry has been very great to Synoptek, an Irvine, California-based managed services contributor.
The firm has grown 300% since its founding in the year 2005 and almost a quarter of its business comes from medical contributors seeking to outsource their IT requirements and comply with record-keeping and security needs mandated by the Health Insurance Portability and Accountability Act (HIPAA), and the Affordable Care Act.
That trend indicates no sign of slowing.
Synoptek’s healthcare-related revenue sustains to increase, with average year-over-year growth daily hovering somewhere between 18 and 22%, stated Mike Bank, the firm’s vice president for sales and marketing.
“It is the 2nd-greatest growing vertical that we see as a company – right behind general technology services,” he claimed.
Healthcare IT has become a boon to the whole U.S. economy, providing an estimated $80 billion in net savings through higher efficiency and a 20% increase in related jobs, such as medical records and health IT technicians, in accordance to a 2014 report from the Computing Technology Information Association (CompTIA).
Nowhere has the trend been more acutely felt than among managed services contributors, which have been enlisted by healthcare firms to oversee the conversion from paper to EHRs and the automation of various processes targeted at lowering cost and improving patient outcomes.
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