The Department of Defense is expected to grant a 10-year health care IT contract, estimated to be worth as much as $10 billion, to overhaul the department's electronic health system records.
"Relative to the electronic health records vendors, we're talking probably $2 billion over the life of the contract," said Michael Cherny, health IT analyst at Evercore ISI. "A contract of this size would clearly be very meaningful. There's also a major credibility component that comes with this, by being able to partner with the military."
The three major electronic health record, or EHR, firms have teamed with data analytics heavyweights to compete for the project, which involves building a unified health platform that will handle the records of nearly 10 million service members from all three military branches, from the battlefield to the home front.