New accountable care organizations expect to collectively spend $500 million on health IT in their first year, a new market research survey finds.
Smaller accountable care organizations estimate that they will spend more than $1 million each for new health IT systems, while larger ACOs anticipate spending up to $4 million per organization to launch operations, according to a news release from Black Book Rankings, which conducted the survey. The release does not specify what constitutes a large or a small ACO.
The vast majority – 96 percent – of the 1,100 ACO executives interviewed said they are actively acquiring health IT systems. Technologies being acquired, ranked by priority, include clinical-decision support, revenue-cycle management, health information exchange, new or upgraded electronic health record systems, e-prescribing, data-center security and storage, business intelligence and care-coordination management.
Meanwhile, 87 percent of the executives with purchasing decision-making authority said they intend to contract only with established, top-tier vendors, Black Book Rankings says.
John Pulley
John Pulley has written the Health IT Update blog since May 2011. Prior to becoming a regular contributor to Nextgov, he covered technology for Federal Computer Week and Government Health IT magazines. He has written about government for Federal Times and Air Force Times, as well. Pulley has worked in journalism for more than 20 years. He began his career covering local government for regional newspapers. In addition, he served as a writer and senior editor at The Chronicle of Higher Education for seven years. In 2006, he founded The Pulley Group, an editorial services agency.
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