About two-thirds of the 298 hospital and health system senior-level IT executives surveyed for the 2014 HIMSS Leadership Survey said their IT budgets for 2014 are higher than their budgets in 2013.
Respondents gave a variety of reasons for the increase:
- Overall growth in number of systems: 58 percent
- Need to comply with regulatory changes: 49 percent
- Overall budget increases: 46 percent
- Need to upgrade IT infrastructure: 41 percent
- Additional staffing to comply with regulations: 39 percent
- Increase in long-term IT plan: 26 percent
- Addition of facility/ business unit: 26 percent
- Partnership with other organization: 14 percent
- Recent merger/ acquisition: 14 percent
- Ability to prove return on investment: 7 percent
- Competitive market threats: 7 percent
- Business requirements to invest in e-business: 6 percent
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