Healthcare Information Technology encompasses all technologies and software based solutions that are utilized in modern healthcare environment. There are infinite capabilities and opportunities in the field of Healthcare IT over the world. With the fastest transformations taking place in developed countries such as United States and the Big 5 in Europe. Outsourcing of IT to countries where cheaper solutions may be obtained has been greatly exploited by companies in developed countries. Countries such as India, China, Indonesia and Singapore have been IT outsourcing hubs for other nations since the capital required to be spent in developing IT solutions in these regions is only a fraction of what may be demanded in developed countries. Skilled intelligent resources are available at very low labor costs due to a significant currency exchange hence; outsourcing has become one of the largest opportunities that has increased the economy of several nations in past few years. Major areas where healthcare IT may be employed includes biomedical research and development such as pharmaceutical research, genetics and proteomics, life science IT, biotechnology, biosimulation and disease research among others. In a rising trend, numerous applications of IT can be found in hospitals and healthcare facilities management, forensics and insurance as well.