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Health IT execs plan increased investment to enhance value-based care

Among other things, organizations need to make sure that the technology they’re investing in will work with their existing IT systems.

Jeff Rowe | Feb 13, 2018 12:00 am

What’s driving health IT budgets? The push for more value-based care.

That’s according to a new survey conducted by Damo Consulting, which found organizations preparing for increased spending on emerging advanced tools that are data-hungry and need robust health IT infrastructure to support increasing workloads.

While value-based care is expected to be the biggest driver in health IT spending in 2018, other categories are also expected to influence spending, including patient engagement, care management and enterprise digital transformation. Cybersecurity and ransomware and population health management are also expected to see an increase in spending, as are cloud migration and increased use of the Internet of Things.

Conversely, despite interest in these technologies to support value-based care and other healthcare initiatives, there are obstacles many organizations will face before they can implement them.

According to respondents, an organization’s readiness for new technologies was the biggest deterrent for implementing advanced technologies solutions. Entities need to make sure that their existing IT infrastructure can accept and cohesively work with more advanced implementations.

Similarly, interoperability challenges, concern over unproven ROI on new IT solutions and the cost of maintaining existing technology investments all contribute to health IT manager’s concerns.

Organizations need to spend money to make sure their IT infrastructure is ready to handle more advanced technology, respondents said, including upgrading dated wireless networks to accommodate increased data flow and expanding data storage solutions both on-premises and in the cloud.

While budget restrictions are a significant obstacle for health IT infrastructure spending, this does not negate the need to invest in advanced technology, the report concluded.