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InformationWeek 500: Stimulus Spending Boosts Healthcare IT Budgets

Spending in 2009 is expected to exceed 2008 for nearly 70%.

It's an exciting and challenging time for healthcare companies as they take on new projects spurred by the federal government's $20 billion health IT stimulus program.

Though stimulus money doesn't start flowing until 2011, nearly 70% of healthcare companies in the InformationWeek 500 survey expect their technology spending in 2009 to exceed their 2008 spending. The percentage of healthcare companies ramping up spending is more than in any other industry surveyed.

Healthcare companies surveyed say they're allocating 30% of their IT budgets to new initiatives, while 70% is earmarked for ongoing IT operations.

Fifty-two percent of healthcare companies are introducing new IT-led products and services for customers, significantly higher than the 37% of all companies surveyed. Collaborative applications are top of mind for these companies, as well: 78% of those surveyed are using hosted collaborative applications and 71% are using wikis and blogs internally. Fifty-four percent of healthcare companies surveyed say using collaborative apps is one of the most effective steps they can take to boost productivity, followed by business intelligence tools.

In a year, with deadlines quickly approaching for the first wave of healthcare IT stimulus rewards, it'll be interesting to see where companies are focusing.

Industry Snapshot: Healthcare & Medical

Go to the 2009 InformationWeek 500 homepage

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