A study by Premier healthcare alliance suggests that hospital capital spending for 2010 has improved compared to 2009, following a period of capital budget cuts and freezes, according to a Premier news release.
The study, published in Premier's "September 2010 Economic Outlook," found that 69 percent of healthcare representatives responding to a survey indicated that capital budgets for 2010 remained flat or increased compared to 2009.
Overall, 42 percent of respondents suggested an increase in spending versus 32 percent suggesting a decrease. For those whose budgets decreased or remained unchanged from last year, approximately 66 percent scaled back projects already in process specific to new construction/renovations and the acquisition of clinical and information technology.
When asked about the top areas in which they are trying to reduce costs in the next 12 months, commodity pricing (27 percent), physician preference utilization (25 percent) and pharmaceutical utilization (19 percent) were cited most often.
Read the Premier release on hospital capital spending.
Read more coverage on capital spending:
- 3 Statistics on Hospital Capital Spending and Access to Available Capital
The study, published in Premier's "September 2010 Economic Outlook," found that 69 percent of healthcare representatives responding to a survey indicated that capital budgets for 2010 remained flat or increased compared to 2009.
Overall, 42 percent of respondents suggested an increase in spending versus 32 percent suggesting a decrease. For those whose budgets decreased or remained unchanged from last year, approximately 66 percent scaled back projects already in process specific to new construction/renovations and the acquisition of clinical and information technology.
When asked about the top areas in which they are trying to reduce costs in the next 12 months, commodity pricing (27 percent), physician preference utilization (25 percent) and pharmaceutical utilization (19 percent) were cited most often.
Read the Premier release on hospital capital spending.
Read more coverage on capital spending:
- 3 Statistics on Hospital Capital Spending and Access to Available Capital