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HIMSS Analytics Report Uncovers Hospitals Top IT Priorities

Essentials of the US Hospital IT Market – 6th Edition provides a current overview and future projections of the US hospital IT market

CHICAGO (July 26, 2011) – With ARRA/HITECH, Meaningful Use and 5010/ICD-10 changing the provider landscape, understanding and tracking industry trends and expenditures is vital to drive business. The Essentials of the US Hospital IT Market - 6th Edition provides the latest health IT market intelligence captured from the HIMSS AnalyticsTM Database of more than 5,200 hospitals and 32,000 medical facilities in the United States.

“2010 proved to be the year hospitals ramped up their approach to meet the first stage of the meaningful use criteria. The data shows significant adoption levels of key EMR-related applications increased from 2009 to 2010. The number of hospitals reaching Stage 6 of the HIMSS Analytics EMR Adoption ModelSM doubled last year,” said John P. Hoyt, FACHE, FHIMSS, executive vice president, organizational services, HIMSS.

This new edition provides information on:

  • Legacy applications being replaced by enterprise systems;
  • EMR applications most likely purchased via meaningful use funding;
  • Sectors in which to invest for the highest potential return;
  • Emerging market drivers; and
  • The market position of leading health IT solutions providers.

The report, for example, identified the enterprise data warehousing, with associated business intelligence solutions and consultancy, as a growing market, and suggests spending on revenue cycle management (RCM) applications will continue to intensify over the next five years.

“The good news is with ARRA/HITECH funding to cover a portion of EMR environment spending, hospitals that have achieved Stage 4 of the EMR Adoption Model by 2011 should have more capital available to help with the transformation of their RCM environments,” Hoyt explained.

Investors, consultants and healthcare software vendors can use the report to learn more about relevant topics for their business or clients and to set realistic goals for their teams while supporting their business plan with market research. For example, the report includes:
 

  • Five-year compounded annual growth rate market spend forecast for hospital IT (operating, capital and total) and more than 70 key hospital IT applications
  • Fifteen in-depth application overviews including EMR, patient safety, bar coding, health information management, revenue cycle management and financial applications

Learn more about Essentials of the US Hospital IT Market – 6th Edition. The report is available in its entirety, by financial or ARRA clinical volumes, or by individual chapters.