The vast majority (86 percent) of healthcare CEOs believe technology will fundamentally transform their business within the next five years. However, a large majority also feel unprepared for the coming change, according to a survey from PricewaterhouseCoopers.
CEOs have plans to adapt to the changes: 89 percent plan to improve their organization's ability to innovate, 93 percent plan to change their organization's technology investments and 95 percent are investigating new ways to use big data.
However, few of these plans have been realized. Just 25 percent have started or completed changes to make their organizations more innovative, 33 percent have altered their technology investments, and 36 percent have made progress in dealing with big data.
This has caused 57 percent of respondents to confess to feeling worried about the speed of technological change within the industry. Almost half (41 percent) feel their IT departments are unprepared, 31 percent believe their research and development arms to be unprepared and 63 percent are concerned they will be unable to find additional staffers with the right skills to help them best capitalize on technology-based opportunities.
Survey results are based on interviews with 81 healthcare CEOs.
More Articles on Health IT:
Data Governance: Can Healthcare Organizations Afford Not To Govern Their Data?
How the ONC is Working Toward Interoperability
What President Obama's Budget Would Mean for Health IT