For Healthcare & Life Sciences Professionals

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	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

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Executive 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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