Length: 8 pages
May 28, 20042004 Hospital IT Spending Catches Up
Confident Of The Future, Execs See Continued Growth In IT
by Eric G. Brown
This is a document excerptEXECUTIVE SUMMARY
Hospital IT decision-makers are bullish about the healthcare business climate — and why not? With President Bush naming a healthcare IT czar, the specter of a HIPAA train wreck in the past, and the baby boomers' inexorable aging to fuel future demand, healthcare execs see blue skies ahead. After years of lagging behind in IT investments, this year hospitals expect to spend 5.5% of revenue on IT expenses — roughly the same as other businesses — and will pull ahead in some areas like mobile technology.
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