Study: Hospital execs stress IT investment for coming years

Over the next two years, hospital executives expect to spend on IT more often than service or building expansions or make acquisitions, according to a new industry survey conducted by Prince Market Research for the law firm Waller Landsen Dortch & Davis. The survey, which reached 464 hospital executives, concluded that 79 percent of not-for-profit of public hospital executives expected to make IT investments over the next two years.

That makes IT investment a higher priority than expansion, which was top priority for only half not-for-profit and public hospital of execs. And that puts acquisitions investments at a distant third, with only 9 percent of not-for-profits and public facilities listing that an investment goal. To pay for these investments, not-for-profits and public hospitals expect to use current reserves, tax-exempt bonds and foundation grants.

To get more data from this research:
- read this Modern Healthcare piece (reg. req.)

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