Most Health Care Organizations Planning IT Investments This Year
March 9, 2015 in News
A majority of health care organizations plan to spend money on the transition to ICD-10 in 2015, with many also expecting to invest in other health IT priorities, according to a peer60 report, FierceHealthIT reports.
U.S. health care organizations are working to transition from ICD-9 to ICD-10 code sets to accommodate codes for new diseases and procedures by Oct. 1 (Dvorak, FierceHealthIT, 3/4).
Details of Report
For the report, peer60 surveyed more than 950 leaders of U.S. health care organizations, with the responses representing more than 25% of U.S. hospitals. More than 80% of the respondents were C-suite level executives (peer60 report, 3/3).
Overall, researchers found that larger hospitals were more likely to have plans to invest in health IT in 2015. In addition, all respondents from hospitals with more than 1,000 patient beds said they plan to invest in a major health IT tool this year.
Among all respondents, the report found that:
- Nearly 60% said their organization will invest this year in the transition to ICD-10 (Gruessner, EHR Intelligence, 3/6);
- 50% will invest in population health management;
- 47% will invest in patient engagement tools;
- 32% will invest in revenue cycle management tools (FierceHealthIT, 3/4);
- About 26% will purchase an enterprise analytics suite, with 30% of such tools representing first-time purchases (EHR Intelligence, 3/6);
- About 25% will invest in electronic health record systems (FierceHealthIT, 3/4); and
- More than 24% will make investments in data security.
Respondents from hospitals with fewer than 100 beds were more likely to have plans to purchase an EHR system than other hospitals 200 to 500 beds (peer60 report, 3/3).
According to EHR Intelligence, larger hospitals are more likely to already have EHR systems, and therefore are more likely to have other funding priorities for 2015 (EHR Intelligence, 3/6).
In addition, 60% of CIOs said their health care organizations would make a data analytics purchase in 2015 (FierceHealthIT, 3/4).
Further, about 25% of organizations that currently have data analytics tools said they intend to replace and update those systems with more advanced features. Meanwhile, 40% of respondents with existing data analytics tools said they were not sure if they would renew their data analytics software (EHR Intelligence, 3/6).