News | May 21, 2008

The Economy Impacts Healthcare IT Spending, Adoption in New Report

May 22, 2008 - The third edition of the HIMSS Analytics "Essentials of the U.S. Hospital IT Market" provides insights into hospital IT market spending and IT application, technology adoption and growth to assist healthcare professionals with their market assessments.

Updated annually, the report is based on an analysis of data taken from the HIMSS Analytic Database (derived from the Dorenfest IHDS Database) with detailed IT information on more than 5,000 hospitals and 28,000 medical facilities in the U.S.

HIMSS Analytics said the business tool can help solutions providers, service providers and financiers make better business decisions based on the financial and clinical market data. The report emphasizes extreme budgeting competition between financial and clinical applications over the next five years, stemming from the regulatory environment for revenue cycle management and the need to improve outcomes and quality management.

The report predicts hospitals will be forced to publish their prices, quality and outcome metrics over the next few years to compete for employer and consumer business, and disease management programs are the beginning of what healthcare will become in the U.S.

Hospitals in cities with large union employee populations will be forced to become more efficient to compete for the business of the three big automakers, because the auto manufacturers have transferred healthcare liabilities to the unions for execution and management.

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