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.

Advertisement

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

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Health IT

Advertisement

Comments are closed.