U.S. hospitals are expected to allocate $1.7 billion this year for electronic medical records and other clinical IT tools, the Healthcare Information and Management Systems Society said. The group, which based this trend on its monitoring of more than 5,000 facilities, predicted that such spending will reach $14.4 billion through 2014. Hospitals also are facing several requirement deadlines, including switching to new HIPAA standards in January 2012 and implementing ICD-10 code sets by October 2013.

Related Summaries