As hospital and health system executives wrap up budgeting for 2013, only 41 percent expect their capital expenditures to increase compared with last year, which is down from 42 percent in 2010, according to a survey from Premier healthcare alliance.
Premier surveyed 617 hospital C-level executives and materials/practice area managers in the biannual report.
Executives said reimbursement cuts from Medicare and other payors are the major reason why capital expenditures will be lower in the upcoming year.
Although overall capital budgets may be tighter for 2013, hospitals and health systems do plan to ramp up capital investments in health information technology, according to Premier's report. Forty-three percent said health IT and telecommunications will be their largest capital investments over the next year, up from 34 percent surveyed in spring 2011.
Premier surveyed 617 hospital C-level executives and materials/practice area managers in the biannual report.
Executives said reimbursement cuts from Medicare and other payors are the major reason why capital expenditures will be lower in the upcoming year.
Although overall capital budgets may be tighter for 2013, hospitals and health systems do plan to ramp up capital investments in health information technology, according to Premier's report. Forty-three percent said health IT and telecommunications will be their largest capital investments over the next year, up from 34 percent surveyed in spring 2011.
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