(Length: 8 pages)

May 28, 2004

2004 Hospital IT Spending Catches Up

Confident Of The Future, Execs See Continued Growth In IT

by Eric G. Brown

with Bradford J. Holmes, Sara E. McAulay


Executive Summary (This is a document excerpt)

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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Analyst: Eric G. Brown
Technology: IT Spending & Budgeting
Industry: Healthcare & Life Sciences, Healthcare Technologies, Hospitals & Clinics
Geography: North America

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