Skip to content Skip to navigation

Black Book Surveys the Healthcare C-Suite, Reveals Biggest Tech Trends

December 21, 2016
by Rajiv Leventhal
| Reprints

Black Book’s year-end healthcare C-suite survey revealed that organizations are slowing down on advanced software acquisitions due to political and funding uncertainty that is menacing long term strategies.

Indeed, policy changes in the wake of a full or partial repeal of Obamacare may create new demands on healthcare enterprises that will likely divert capital and resources toward getting ready for value-based care. This uncertainty, as recognized by 9 of 10 hospital leaders surveyed, will at a best decelerate decision-making on planned or ongoing initiatives, and at worst drain IT investment dollars for a protracted period of time, according to Doug Brown, Managing Partner of Black Book.

The survey revealed 82 percent of CIOs, 91 percent of CFOs and 83 percent of CEOs agree it’s also an opportunity to get their technology ducks in a row.

Survey findings disclosed the acquisition of disparate systems has also produced a rising demand for revenue cycle management (RCM) outsourcing and strategic and operational IT consulting services.  Population health and analytics initiatives have exposed the need to bolster the basics of value-based care preparation, the survey found.

Black Book’s below nine short-range healthcare IT trends impacting providers, vendors and payers likely extending through the first half of 2017 require preparation, and executives are regrouping to take a deeper look at organizational infrastructures, the researchers concluded.

  • Technology budgets stagnate, purchases through Q2 largely will be based on current business need.
  • Electronic data warehouses (EDW) move to the top of short-term priorities.
  • Renewed and upgraded enterprise resource planning systems (ERP) swings back into importance, now for value-based care costing.
  • Financially stable, regional IDNs are spending big dollars toward extended connectivity while the rest of the pack looks on.
  • Providers keep watch and wait for large scale healthcare cyber attacks before forming a better defense.
  • Hype around the cloud quiets down as it becomes the primary way to build enterprise architecture.
  • Focus on front-end and middle office business office functions, and RCM outsourcing intensifies.
  • Skilled hospital tech staff recruitment is even more challenging.
  • Interest in precision medicine initiatives continue but few have commitments to buy for first half of the New Year.

The nine trends can be read in full detail here.

Get the latest information on Finance and Revenues and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

CMS Extends Deadline for eCQM Data Submission

CMS is extending the deadline for eligible hospitals in the Hospital Inpatient Quality Reporting (IQR) and Meaningful Use programs to submit their electronic clinical quality measure (eCQM) data from 2016.

NorthShore Revalidated by HIMSS Analytics as Stage 7 Worthy

Due to its continued use of IT to improve patient care and reduce costs, Chicago-based NorthShore University HealthSystem has received Stage 7 revalidation on HIMSS’ acute care EMRAM and outpatient EMRAM for its hospitals and associated clinics.

Cybersecurity Consulting Firm CynergisTek Acquired by Auxilio

Austin, Tex.-based cybersecurity and privacy consulting firm CynergisTek has been acquired by Auxilio, Inc., a provider of document workflow solutions and IT security services based in Mission Viejo, California, in a deal valued at up to $34.3 million.

Healthcare Data Breaches: A Year in Review

The latest year-in-review Breach Barometer report from Protenus paints a stark picture—2016 average at least one health data breach per day, affecting more than 27 million patient records.

Healthcare Industry Could Save $9.4B with Full Adoption of Electronic Transactions

The healthcare industry continues to make modest progress toward full adoption of electronic business transactions, but significant gaps remain, representing an opportunity for $9.4 billion in savings, according to new data from the 2016 CAQH Index.

ONC Announces Phase 2 Winners of Consumer, Provider App Challenges

ONC today announced the Phase 2 winners for the Consumer Health Data Aggregator Challenge and the Provider User Experience Challenge.