SOURCE: SourceMedia

February 22, 2007 08:00 ET

Health Data Management's CIO Survey Reveals Factors Driving I.T. Spending

NEW YORK, NY -- (MARKET WIRE) -- February 22, 2007 -- Health care CIOs and other senior executives plan to sink more money into applications that improve access to information for clinicians and help reduce medical errors, according to the 2007 Health Data Management CIO Survey. Of those respondents who expect their I.T. budgets to increase in fiscal 2007, 51% said the primary factor for those budget increases is to improve clinician access to information. Another 27% cited reducing medical errors/improving quality as the primary factor for spending hikes.

"It is gratifying to know that the need to provide automation to clinicians is still a top agenda item. This stuff is hard to do, very expensive, and the projects run months if not years. And it's very easy to get distracted or to divert funds to other capital requirements," says Becky Quammen, founder and president of The Quammen Group, the Winter Park, Fla.-based health care information technology consulting firm that sponsored the survey.

The magazine's annual survey, which generated 150 responses, was conducted via e-mail in January. Complete results will be available on Health Data Management's award-winning Web site www.healthdatamanagement.com in early March. The March cover story of the magazine, which focuses on issues of importance to CIOs, will include a summary of the survey.

Other survey highlights include:

--  The top priority software investment is electronic medical records.
--  The top priority hardware investment is laptops/tablets/PDAs.
--  The biggest challenge when implementing new information technology is
    gaining buy-in of nurses and physicians, closely followed by systems
    integration.
    
About Health Data Management

Health Data Management magazine provides timely insights on how health care organizations can use information technologies to achieve business goals and improve the quality of care. It also offers an award-winning Web site, featuring timely news updates and a Virtual Trade Show; the twice-weekly HDM Update e-newsletter; and a Web Seminar series. Health Data Management also will host the 2007 Clinical Automation Summit Sept. 17-18 in Chicago.

About SourceMedia, Inc.

SourceMedia provides market information, including news, analysis, and insight to the financial services and related industries such as accounting and technology, through its publications, industry-standard data applications, seminars and conferences. Its flagship publications, including American Banker, National Mortgage News, The Bond Buyer, and Accounting Today, have helped build SourceMedia's reputation as the pre-eminent information source in its respective markets. Consulting services, software, and data provided through its two divisions, National Regulatory Services (NRS) and Accuity, facilitate regulatory compliance, funds registration and data flow among institutions in the investment, insurance, and financial services industries.

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