GREETINGS OF HEALTH AND WELLNESS!

I AM MARJORIE ANN ROSALES, YOUR NURSE FOR TODAY! AND I WILL BE

TALKING ABOUT CHAPTER 20, ASSESSING THE VENDORS!
INTRO
Technological innovation has yielded truly remarkable advances in healthcare during the last five
decades. Assessing the Healthcare Information Technology market can be a daunting task.
According to Pedulli, it is estimated that the global health Information Technology market will
reach $56.7 billion by 2017, an increase from the 2012 market value of $40.4 billion. The
proliferation of Health care Technology and its expanding uses have contributed to burgeoning
health care costs. Navigating the field of potential vendors and assessing solution require a
skilled and experienced leader and a team committed to a fair, unbiased, and thoughtful analysis.
Learning in this chapter has an objective to first, describe an approach to evaluate the vendor marketplace
for health information technology solutions, discuss the evolution of the healthcare technology market place, distinguish the
custom development or “build” approach from the purchasing of commercially available solutions or “buy” approach, identify
two or more criteria that may be used to differentiate one vendor from another, and lastly list the key Guiding Principles of a
Vendor Analysis Methodology.