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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 2004 and 2003 comparison.
SNAPSHOT
INSIDE COMPANIES
Average portion of revenue spent on IT 3%
Companies using radio-frequency identification 19%
Companies globally sourcing products and supplies 36%
HOW COMPANIES DIVIDE THEIR I.T. BUDGETS
Hardware purchases 19%
IT Services or outsourcing 14%
Research and development 4%
Salaries and benefits 31%
Applications 21%
Everything else 11%
INDUSTRY FINANCIALS
Average year-over-year revenue change 4%
Average year-over-year net income change -15%
DATA: INFORMATIONWEEK RESEARCH

SNAPSHOT 2003
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

See the InformationWeek 500 2003 and 2002 comparison

Return to main story:
E-Health Revives Health-Care IT

Editor's Choice
Cynthia Harvey, Freelance Journalist, InformationWeek
John Edwards, Technology Journalist & Author
Jessica Davis, Senior Editor