Navigation Links
Understand ARRA Spending Allocations with HIMSS Analytics™ Market Intelligence
Date:6/2/2009

Essentials of the US Hospital IT Market - 4th Edition provides a current overview and future projections of the US hospital information technology market

Chicago, IL (Vocus) June 2, 2009 -- With more than $19 billion available for US hospitals and ambulatory clinics to implement the electronic medical record, HIMSS Analytics cuts through the information clutter to clarify which technology applications are expected to receive more funding from the American Recovery and Reinvestment Act with its Essentials of the US Hospital IT Market - 4th Edition. Captured from the HIMSS Analytics Database™, this data covers more than 5,100 hospitals and 32,000 medical facilities in the United States.

The online resource, available in PDF format, analyzes different EMR applications related to the pending definition of 'meaningful use' that is part of the ARRA verbiage. The Essentials report reviews the impact of meaningful use on specific applications of the EMR that include order entry, clinical data repository, clinical decision support, computerized provider order entry and clinical and physician documentation.

"About $4.7 billion will be spent on hospital IT applications in 2009, increasing to approximately $6.8 billion in 2014," said Mike Davis, executive vice president, HIMSS Analytics. "This figure represents a compounded annual growth rate, or CAGR, of 7.45 percent over that five-year period."

He explained that much of this increase will be driven by ARRA funding, "But other market drivers will also influence higher hospital IT spending rates." Davis cited three areas to monitor related to future hospital spending during the next five years.

 
  • IT infrastructures, such as security, network upgrades, data storage environments, etc.

 
  • ICD-10-CM encoding transition, a new coding system updating encoding, billing, and quality and outcomes reporting environments

 
  • New claims transaction format, known as v5010

To evaluate those budgetary considerations for hospital spending, the Essentials guide offers a five-year forecasted spending analysis for US hospitals and hospital-owned entities. The data provides background and guidance on how the ARRA funding will be allocated and affected, information that can help simplify and set corporate and sales strategies. Vendor market share analysis is also provided for application environments with specific segmentations by hospital bed size to provide a clearer insight into market dynamics

"Healthcare IT sales organizations can use Essentials to influence their sales goals or operating strategy for the next few years because they have market intelligence based on current IT data to align their business strategy with IT spending forecasts and competitive market positions based on up-to-date trends," said Davis.

Visit the HIMSS Analytics Web site to learn more about Essentials of the US Hospital IT Market - 4th Edition. It is available in its entirety, by chapter, financial or ARRA clinical volumes.

About HIMSS Analytics: HIMSS Analytics is a wholly owned not-for-profit subsidiary of the Healthcare Information and Management Systems Society (HIMSS). The company collects and analyzes healthcare data related to IT processes and environments, products, IS department composition and costs, IS department management metrics, healthcare trends and purchase-related decisions. HIMSS Analytics delivers high quality data and analytical expertise to healthcare delivery organizations, healthcare IT companies, state governments, financial companies, pharmaceutical companies, and consulting firms. Visit www.himssanalytics.org/ for more information.

For more information, contact:
Joyce Lofstrom/HIMSS
312-915-9237

# # #

Read the full story at http://www.prweb.com/releases/HIMSS_Analytics/ARRA/prweb2490804.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved  

Related medicine news :

1. Study further expands understanding of leptins role in brain neurocircuitry
2. New tool to improve patient understanding of long-acting injectable antipsychotic therapies (LAT) unveiled in April issue of Psychiatry 2009
3. New Educational Tool for Understanding UC Flares
4. The EntreTech Forum Presents ... PHOTONICS/OPTICS - Understanding the Latest Applications of Light-based Technologies in Medical, Consumer, Industrial, and Defense Sectors
5. IOF launches educational slide kit to enhance understanding of FRAX
6. Children as young as 19 months understand different dialects
7. Video: New Survey Finds 97 Percent of Women Understand Weight Increases Heart Disease Risk - The Leading Cause of Female Death in the United States - Yet 55 Percent Remain Overweight
8. American Cancer Society Launches Major Brand Revitalization Effort to Help Broaden Consumer Understanding and Connections
9. Perceptions of similar language may prevent understanding of sexual harassment policies
10. Scientists closer to understanding how to control high blood sugar
11. Understanding mental illness through gene-environment interactions
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Understand ARRA Spending Allocations with HIMSS Analytics™ Market Intelligence 
(Date:6/27/2016)... ... June 27, 2016 , ... TopConsumerReviews.com recently awarded their highest five-star rating to ... of individuals in the United States and Canada wear eyeglasses. Once considered to be ... vision and make a fashion statement. Even celebrities use glasses as a way of ...
(Date:6/26/2016)... Cary, North Carolina (PRWEB) , ... June 26, 2016 , ... ... the release of a new product that was developed to enhance the health of ... harvested for centuries. , The two main herbs in the PawPaws Cat Kidney ...
(Date:6/25/2016)... , ... June 25, 2016 , ... Austin residents seeking ... American College of Mohs Surgery and to Dr. Russell Peckham for medical and surgical ... effective treatment for skin cancer. The selective fellowship in Mohs Micrographic Surgery completed by ...
(Date:6/25/2016)... ... 25, 2016 , ... As a lifelong Southern Californian, Dr. Omkar Marathe earned ... the David Geffen School of Medicine at UCLA. He trained in Internal Medicine at ... fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he had the opportunity ...
(Date:6/24/2016)... ... 2016 , ... A recent article published June 14 on E ... goes on to state that individuals are now more comfortable seeking to undergo not ... as calf and cheek reduction. The Los Angeles area medical group, Beverly Hills Physicians ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... June 27, 2016 Jazz Pharmaceuticals plc (Nasdaq: ... under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as ... Celator Pharmaceuticals, Inc. ("Celator"; Nasdaq: CPXX ) ... Daylight Time). As previously announced on May ... definitive merger agreement under which Jazz Pharmaceuticals has commenced ...
(Date:6/26/2016)... , June 26, 2016 ... value-based care operating models within the health care industry ... greater financial efficiency , Deloitte offers a suite ... key business issues impacting efficient cost optimization: labor resource ... , These services facilitate better outcomes and better economics ...
(Date:6/24/2016)... , June 24, 2016  Collagen Matrix, ... design, development and manufacturing of collagen and mineral ... announced today that Bill Messer has ... Marketing to further leverage the growing portfolio of ... devices. Bill joins the Collagen Matrix ...
Breaking Medicine Technology: