As the healthcare industry continues to move toward population health management and value-based reimbursement models, it's not surprising to see major investments being made in health information technology.
In order to achieve the kinds of operational efficiencies and clinical best practices that will be required for providers to remain financially stable in a payment environment that rewards high-quality, outcomes-driven care, hospitals and health systems need reliable, real-time data, and senior leaders know it.
EHR Investments Create Challenges
In the HealthLeaders Media 2014 Industry Survey: Forging Healthcare's New Financial Foundation, 54% of respondents cited data analytics as an area where their organizations will begin or increase investments over the next three years, while 52% cited EHR.
These number are in line with the recent Premier Economic Outlook, Spring 2014 survey of healthcare C-suite executives, which indicates that 49% of respondents expect to make their largest capital investments over the next year in health information technology, specifically EHR, advanced data analytics, and telecommunications. This category was most often cited for the second consecutive year, up from 46% in spring 2013.