Medicare Compliance & Reimbursement

Industry Note:

Medical Practices Continue to Boost IT Budgets

If you thought your EHR investment would be your last IT expenditure for a while, you could be wrong. Some 40 percent of providers polled for IDC Health Insights’ recent report said that their IT budgets are continuing to grow, with only 25 percent of them saying that money is going toward electronic health records (EHRs).

The “2015-2016 Healthcare Provider Technology Spend Survey” discovered that medical practices are investing in analytics and care management, as well as optimizing the business for accountable care participation, according to a Feb. 1 IDC Health Insights news release on the topic.

“This report documents the movement by providers to the 3rd Platform, and across cloud, mobile, and big data technologies, we saw providers making significant investment in 2015, with more planned for 2016,” said IDC Research Director Judy Hanover in the statement.

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