Technology and IT has emerged as an important strategic priority for healthcare institutions, with a new Bain and Company report showing that providers are increasingly accelerating their spending on IT and software. Nearly 80% of healthcare executive respondents in the new survey increased spending materially over the past year, spurred by emerging technologies, labor shortages and cost pressures.
More than half (56%) of the respondents cited software and technology as one of their top three strategic priorities, compared with 34% in 2022. Around 75% of respondents expect growth in software and technology spending to continue over the next 12 months.
Across the different provider types, academic medical centers (AMCs) and large hospitals and health systems expect a stronger increase in their own spending than smaller operators due to a greater focus on innovation and financial flexibility, Healthcare Finance reports. Read more.
