65% of health systems spend less than recommended on IT

Despite the growing importance of technology in healthcare, nearly 65% of organizations report spending less than the recommended 5% of their revenue on IT each year, according to a new report from executive search firm WittKieffer.

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By: Naomi Diaz

Here are health system and hospital CIOs top IT priorities, per the survey of 110 healthcare CIOs — mostly from hospitals and health systems — released Oct. 29:

  1. Advancing the information security program: 47%
  2. Financial discipline / cost reduction: 44%
  3. Major implementation (EMR, ERP, etc.): 40%
  4. Digital transformation: 34%
  5. Addressing technical debt: 29%
  6. AI adoption: 29%
  7. Development of enterprise analytics program: 26%
  8. Supporting M&A expansion efforts: 26%
  9. Talent recruitment and retention: 13%

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

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