Despite most healthcare providers indicating tech budget cuts in response to the pandemic, nearly three quarters of organization leaders want to invest in more technology moving forward, according to a recent KLAS Research report.
For its Vendor Performance in Response to the COVID-19 Crisis July 23 report, KLAS surveyed 192 healthcare leaders in April and May about the tech they are currently using during the pandemic and the solutions they plan to build up or implement in the future. The report also includes insights from 1,281 healthcare professionals who completed KLAS' standard vendor performance survey during April and May.
Here's how a group of 88 survey participants responded when asked what level of budget cutbacks their organizations have implemented due to the pandemic:
- Few or no budget cuts to date: 17 percent
- Health system expansion stopped: 2 percent
- Capital projects delayed: 27 percent
- General cost cutting: 24 percent
- Dramatic cost cutting: 30 percent
When asked if they are considering future healthcare tech investments, 74 percent of the respondents said yes while 26 percent said no.