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Hospital CIOs ramp up IT spending in 2011

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13 May 2011 | Published by Ovum

Press release

Hospital CIOs ramp up IT spending in 2011

More than 20 per cent of hospital CIOs say they plan to significantly increase spending on IT in 2011, eight percentage points more than last year, according to an Ovum survey.

In a new report* the independent technology analyst unveils the results of its latest healthcare Business Trends Survey**, with reassuring results. Overall, 42 per cent of hospital CIOs questioned will increase spending on IT this year. Twenty-two per cent of these will ramp up spending significantly, compared to only 14 per cent last year.

In addition, in 2011 the number of hospital CIOs that will cut their IT budgets will fall by five percentage points compared to 2010. Last year 22 per cent said they would slash their budgets, whereas this year only 17 per cent plan to make cuts.

Cornelia Wels-Maug, Ovum analyst and author of the report, commented: “The overall outlook for hospitals’ IT expenditure is more optimistic for 2011 than for 2010. This year our survey confirms that, due to a heavy governmental push, mainly in the UK, the US, and Canada, electronic health records (EHRs) represent the dominant clinical application priority overall.”

Although EHRs are still the number-one investment priority, the gap between them and other priorities has closed significantly. Next to investing in EHRs, digital imaging solutions rank second. Meanwhile, Ovum’s survey also revealed that hospitals need to become more efficient is driving investment in scheduling, billing, admissions, and reporting systems to remain competitive.

Wels-Maug continued: “The need to trim costs as well as enable more efficient healthcare delivery is driving CIOs to explore new routes. Our research shows that telehealth and mobile health are receiving more attention than in previous years, a trend that will accelerate with consumers’ urge to purchase tablet PCs and smartphones.”

Telehealth applications include healthcare consultations carried out remotely, electronic reminders and remote monitoring of patients. As well as enabling the access to health services on tablets and smartphones, mobile health can also be administered through the provision of specialised ‘smart’ devices that support a mobile lifestyle.

-ENDS—

NOTES TO EDITORS

*Healthcare Embraces Fast Telecoms Technology

**Ovum interviewed 152 hospital CIOs across North America, Europe and Australia on their IT budget and investment priorities for the coming six to 24 months.

To arrange an interview or for further details regarding this release please contact Kelly Livesey in the Ovum press office on +44 0161 238 4081, or email kelly.livesey@ovum.com

ABOUT OVUM

Ovum provides clients with independent and objective analysis that enables them to make better business and technology decisions. Our research draws upon over 400,000 interviews a year with business and technology, telecoms and sourcing decision-makers, giving Ovum and our clients unparalleled insight not only into business requirements but also the technology that organisations must support. Ovum is part of the Informa group.

- Ends -

Notes to editors
Further Information

More information is available from the Datamonitor Group Media Team. Please contact +44 1483 825 664 or kirstin.stocker@informa.com.

About Ovum

Ovum provides clients with independent and objective analysis that enables them to make better business and technology decisions. Our research draws upon over 400,000 interviews a year with business and technology, telecoms and sourcing decision-makers, giving Ovum and our clients unparalleled insight not only into business requirements but also the technology that organisations must support.

About Datamonitor

Datamonitor is a leading provider of online database and analysis services for key industry sectors. We help our clients, 5000 of the world's leading companies, to address complex strategic issues. Through our proprietary databases and wealth of expertise, we provide clients with unbiased expert analysis and in-depth forecasts for seven industry sectors: Automotive, Consumer Packaged Goods, Energy, Financial Services, Pharmaceuticals and Healthcare, Technology, Transport and Logistics.