For Further Information, Contact:
Media Relations, Gantry Group
978-371-7557 x19 (office)
PROVIDERS WILL INCREASINGLY FAVOR ON-PREMISE VENDOR SOLUTIONS OVER CUSTOM IN-HOUSE AND HOSTED VENDOR SOLUTIONS, AND SIGNIFICANTLY DECREASE THEIR COMMITMENTS TO OUTSOURCERS.
CONCORD, Mass., January 8, 2008 â€” Gantry Group, LLC recently completed its annual study, Provider Clinical Technology Expenditures 2007, to ascertain hospital executivesâ€™ investment plans over the next 12 months. Providers will broaden and deepen their adoption of clinical technology across all major clinical solution categories over the next year. Providers are making significant investments in clinical technology, with nearly half allocating 40% or more of their current technology budget to these solutions. The study concludes that by the end of 2008, over 80% of provider facilities will be invested in:
- Digital medical imaging
- Medication management/ ePrescriptioning
- RFID patient identification/drug distribution
- Computerized Physician Order Entry (CPOE)
- Mobile applications (e.g. charge capture, rounding, prescriptions)
- Patient documentation
- Patient care planning solutions
For all clinical applications, providers will increasingly and rapidly adopt on-premise vendor solutions over the next 12 months. In general, providers will move away from custom in-house solutions and hosted (ASP) vendor solutions, and drastically decrease their commitments to outsourcers.
Executives from 43 hospitals participated in this study, comprised of CEOs (8%), CFOs (8%), CIO/CTOs (12%), VP Nursing (9%) and VP/Director Case Management (18%). Healthcare facilities of all sizes were represented in the study, ranging from 150 to over 1,000 beds. Study response was predominately drawn from hospital systems (49%) and independent hospitals (34%).The study revealed the following additional top level findings:
- Over 50% of providers participating in this study spend over $10M annually on healthcare technology, rising to 53% over the next 12 months.
- On average, Digital Medical Imaging & EMR/EHR together command 64% of providersâ€™ clinical technology budget.
About Gantry Group
Gantry Group is a strategic marketing firm that specializes in guiding healthcare solution vendors to build offerings around payersâ€™ and providersâ€™ urgent needs and challenges. For the past decade, Gantry Groupâ€™s customized market research and strategy advisory services have armed the worldâ€™s leading healthcare solution providers with targeted market intelligence to support their strategic business decisions and guide their solution roadmaps.
Gantry Group applies its customized market research services to strategically advise companies to build and sell successful offerings matched to what their target markets truly value. Gantry Group delivers to corporate marketers the firsthand market insights and predictive measurement capabilities that allow them to make informed decisions as they plan for current market needs and anticipate emerging market trends.
Through Gantry Groupâ€™s market intelligence, market research, and ROI/TCO benchmarking service suites, more than 450 client companies have identified, positioned and quantified their value within the marketplace. Additional information about Gantry Group can be found at www.gantrygroup.com
For study results, please call Gantry Group at 978-371-7557 ext 19, or click here to download directly.
Entire Contents, Copyright Â© 2007 Gantry Group LLC All Rights Reserved. References to any of the contents in this press release must include Gantry Group copyrights and citation.