Study: Hospitals Seeing Capital Expenditure Thaw | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Study: Hospitals Seeing Capital Expenditure Thaw

October 5, 2010
by root
| Reprints

After a period of capital budget cuts and freezes, hospitals are seeing a thaw in capital expenditures, according to a survey published in the Charlotte, N.C-based Premier healthcare alliance’s September 2010 Economic Outlook analysis.

Sixty-nine percent of healthcare representatives responding to the survey indicated that capital budgets for 2010 remained flat or increased compared to 2009. Overall, 42 percent of respondents suggested an increase in spending versus 32 percent suggesting a decrease. For those whose budgets decreased or remained unchanged from last year, approximately 66 percent scaled back projects already in process specific to new construction/renovations and the acquisition of clinical and information technology.

When asked about the top areas in which they are trying to reduce costs in the next 12 months, commodity pricing (27 percent), physician preference utilization (25 percent), and pharmaceutical utilization (19 percent) were cited most often.


Topics

News

Former Health IT Head in San Diego County Charged with Defrauding Provider out of $800K

The ex-health IT director at North County Health Services, a San Diego County-based healthcare service provider, has been charged with spearheading fraudulent operations that cost the organization $800,000.

Allscripts Touts 1 Billion API Shares in 2017

Officials from Chicago-based health IT vendor Allscripts have attested that the company has reached a new milestone— one billion application programming interface (API) data exchange transactions in 2017.

Dignity Health, CHI Merging to Form New Catholic Health System

Catholic Health Initiatives (CHI), based in Englewood, Colorado, and San Francisco-based Dignity Health officially announced they are merging and have signed a definitive agreement to combine ministries and create a new, nonprofit Catholic health system.

HHS Announces Winning Solutions in Opioid Code-a-Thon

The U.S. Department of Health and Human Services (HHS) hosted this week a first-of-its-kind two-day Code-a-Thon to use data and technology to develop new solutions to address the opioid epidemic.

In GAO Report, More Concern over VA VistA Modernization Project

A recent Government Accountability Office (GAO) report is calling into question the more than $1 billion that has been spent to modernize the Department of Veterans Affairs' (VA) health IT system.

Lawmakers Introduce Legislation Aimed at Improving Medicare ACO Program

U.S. Representatives Peter Welch (D-VT) and Rep. Diane Black (R-TN) have introduced H.R. 4580, the ACO Improvement Act of 2017 that makes changes to the Medicare accountable care organization (ACO) program.