A decline in spending on electronic health record systems by healthcare organizations is negatively impacting the financial bottom lines and future growth prospects of some health information technology vendors and consultants.

A prime example is Buffalo, N.Y.–based IT solutions and services company CTG, which on Feb. 24 reported that its fourth-quarter 2014 profits plunged by 67 percent. And, the vendor warned that its earnings are likely to tumble by upwards of 38 percent.

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