Health IT spending flying high, survey says

Healthcare IT spending hasn’t shown signs of slowing down anytime soon. In fact, a Black Book HIE survey released today projects that industry spending will triple by 2014.

Despite these projections, the majority of U.S. hospitals (80 percent) and physicians (97 percent) remain disconnected from HIE technology. The survey’s numbers suggest, however, that the tides are indeed changing. Although only one in 15 provider organizations indicated they are developing strategies to advance them towards HIEs, industry tech executives sang a different tune, with 84 percent saying they are actively taking measures to move towards HIE adoption. 

 [See also: HIE on the upswing.]

“The current driving forces of HIE adoption are clearly apparent: accountable care implementations, meaningful use implementations, the need for care coordination, outcomes-based reimbursement challenges, available funding and opportunities for regional stakeholder participation,” says Black Book’s senior partner, Doug Brown. 

The survey, included in Black Book’s 2012 State of the Health Information Exchange Industry report, consists of 4,000 healthcare delivery and insurance organizations and provides an aggregated insight into the conditions and priorities of the enterprise HIE marketplace. It also includes validated client experience and satisfaction ratings on private HIE developers with functionally comparative products. 

The report also includes ranking of the top enterprise HIE firms based on the responses of HIE early adopters and users, in addition to currently implementing customers. Vendors were evaluated on 18 key performance indicators including stakeholder alignment, accountable care support, sustainability, interoperability, analytics, accessibility, configuration, interfaces and implementations, clinical workflow, data integrity and security. 

 [See also: Black Book Rankings names top EMR vendors for 2011.]

 The report notes the following other key findings: