Why Hospitals' IT Budgets Are Increasing: 13 Statistics

About two-thirds of the 298 hospital and health system senior-level IT executives surveyed for the 2014 HIMSS Leadership Survey said their IT budgets for 2014 are higher than their budgets in 2013.

Respondents gave a variety of reasons for the increase:

  • Overall growth in number of systems: 58 percent
  • Need to comply with regulatory changes: 49 percent
  • Overall budget increases: 46 percent
  • Need to upgrade IT infrastructure: 41 percent
  • Additional staffing to comply with regulations: 39 percent
  • Increase in long-term IT plan: 26 percent
  • Addition of facility/ business unit: 26 percent
  • Partnership with other organization: 14 percent
  • Recent merger/ acquisition: 14 percent
  • Ability to prove return on investment: 7 percent
  • Competitive market threats: 7 percent
  • Business requirements to invest in e-business: 6 percent

More Articles on IT Departments:

4 Additional Responsibilities Most Commonly Given to IT Executives
11 Ways IT Departments Utilize Clinicians
11 Statistics on CEOs' IT Worries

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