IT is becoming increasingly integral to hospital and health system operations, but new EHRs, software and hardware require significant capital investment. A recent peer60 survey found 31 percent of C-suite executives think return on investment for IT purchases is a top challenge for their organization.
The survey, Into the Minds of the C-Suite, includes insight from C-suite executives from 320 hospitals. Executives reported other top challenges including:
• Managing the switch to value-based reimbursement: 64 percent
• Coordinating care: 56 percent
• Managing patient populations: 54 percent
• Patient engagement: 48 percent
• Physician and nurse shortages: 47 percent
• Managing data: 36 percent
• Regulatory compliance: 33 percent
• Improving information security: 30 percent
• Reducing hospital-acquired infections: 18 percent
• Mergers and acquisitions: 11 percent
• Other: 7 percent
Unsurprisingly, CIO concerns rank differently than overall executives' reported challenges. CIOs reported their top concern as improving information security.