Health Care & Medical: A Year In Review - InformationWeek

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9/19/2003
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Health Care & Medical: A Year In Review

How are companies that InformationWeek considers as IT innovators changing to stay competitive? Examine year-over-year shifts in business-technology practices and priorities in this InformationWeek 500 2003 and 2002 comparison.

SNAPSHOT
INSIDE COMPANIES
Average portion of revenue spent on IT 3%
Average percentage of industry applications and business processes that have Web-based front ends 40%
Companies with real-time business processes in place 89%
HOW COMPANIES DIVIDE THEIR IT BUDGETS
Hardware purchases 19%
Services or outsourcing 16%
Research and development 6%
Salaries and benefits 27%
Applications 20%
Everything else 12%
INDUSTRY FINANCIALS
Average year-over-year revenue change 15%
Average year-over-year net-income change 40%
DATA: INFORMATIONWEEK RESEARCH

IN A NUTSHELL
INSIDE COMPANIES
Average portion of revenue spent on IT 3%
Companies providing customized solutions to customers 40%
Companies seeking IT patents, trademarks, or copyrights 48%
HOW COMPANIES DIVIDE THEIR I.T. BUDGETS
Hardware purchases 23%
Services or outsourcing 11%
Research and development 6%
Salaries and benefits 21%
Applications 24%
Everything else 15%
INDUSTRY FINANCIALS
Average year-over-year revenue change 1.6%
Average year-over-year net income change 137.4%
DATA: InformationWeek research

See the InformationWeek 500 2002 and 2001 comparison

Return to main story: Tech Innovation Keeps The Doctor In

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