‘U.S. hospital spending on information technology will hit $4.7 billion this year and grow to $6.8 billion by 2014, according to a new report from HIMSS Analytics, Chicago. Spending will grow at a compounded annual growth rate of 7.5%, the report says.
This healthy growth will be fueled, in part, by incentive payments for electronic health records under the federal economic stimulus. In addition to increases in spending on clinical automation, other factors contributing to I.T. spending growth will be the new ICD-10-CM codes for claims as well as the new 5010 standards for electronic claims formats, according to a summary of the report.”
Article
Howard Anderson, Health Data Management, 4 June 2009
