Hospital Based IT Systems Market is Likely to Grow at Sharpest Rate by 2007 in the United States; Frost & Sullivan to Host Quarterly Outlook on Healthcare IT Market on Wednesday, May 4, 2005

Business Wire, May 2, 2005

PALO ALTO, Calif. -- The Healthcare Group at Frost & Sullivan is pleased to announce its Exclusive Healthcare 2005 Quarterly Industry Outlook Presentation on the Healthcare IT market to be held on Wednesday, May 4, 2005 at 2:00 pm CST / 3:00 pm EST.

The briefing will provide current and future manufacturers, value chain participants, end-users, investors and other industry stakeholders with an overview of the current state of the healthcare information technologies industry, including a focus on strategic issues, potential growth sectors, key industry trends and analysis of the future landscape.

The briefing will provide manufacturers, distribution channels, end-users and other industry participants with an overview of the United States Hospital IT Systems market challenges, drivers and market trends for existing and emerging market participants. Highlights of the briefing include: market overview, revenue and growth forecasts, and information on select sub segments of the market such as clinical information systems, data storage management systems, pharmacy information systems, billing and claims management systems, wireless applications, electronic document management systems, and radiology information systems.

"Commercial IT solutions and services for hospitals will encounter a new wave of demand once the last major costs associated with HIPAA implementation are over-around 2007," says Frost & Sullivan Healthcare IT & Life Sciences Industry Manager, Amith Viswanathan.

Frost & Sullivan will hold this conference call at 2:00 pm (CST) / 3:00 pm (EST) on Wednesday, May 4, 2005, which will provide industry participants an outlook of the 2005 Healthcare IT market. To participate, please email Melina Gonzalez at melina.gonzalez@frost.com with the following information: Name, Company, Title, Telephone Number, and email. Upon receipt of the above information, a registration link will be emailed to you.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community, by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com.