How the recent history of hospital IT spend has created a crossroads for executives who must decide how to strategically invest in technology moving forward.
The growth rate in hospital IT spend has outpaced growth rates in overall healthcare costs by as much as five times between 2007 and 2015, according to analysis conducted by West Monroe Partners. Much of the IT spend during that time was dedicated to massive investments in electronic health record (EHR) implementations.
Hospitals now face a post-EHR era where, absent federal incentives and directives, executives are left to decide on their own which technology investments to undertake, and whether to slow their spend. Given current market forces, from consumerism to reimbursement pressures, our point of view is that IT spend relief is not in sight unless hospitals plan to remain a traditional utility player. According to our research, hospitals of the future will fall into one of five investment profiles:

  1. Traditional utility
  2. Home-grown experimenters
  3. Leveraged experimenters
  4. Home-grown innovators
  5. Leveraged innovators

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To move forward, hospital leaders must first determine which of these five investment profiles aligns with their business strategy. This paper outlines a set of navigating principles to help executive teams identify the appropriate investment profile for their organization.

Read this research to learn: 

  • How the recent history of hospital IT spend has created a crossroads for executives who must decide how to strategically invest in technology moving forward
  • Whether your organization should cut IT spending, continue investing in new IT solutions, or address accumulated technology debt from other neglected systems
  • How our research and modeling points to five investment profiles that hospitals of the future will fall into, and where your organization fits
  • The financial and operational impacts of your future technology investment strategy

Receive the complete research report to decide which investment profile is right for your health system by completing the form below.