Survey of Healthcare Executives Reveals Top Priorities for IT Investments

  Survey of Healthcare Executives Reveals Top Priorities for IT Investments  Nearly 45% ranked interoperability as most critical, with 54% pursuing mobility solutions and 37% incorporating telehealth to improve quality of care  PR Newswire  ANDOVER, Mass., Feb. 24, 2014  ANDOVER, Mass., Feb. 24, 2014 /PRNewswire/ --Interoperability, mobile connectivity and technologies that drive real-time actionable information at the point of care will be the focus of health information technology (HIT) investments in 2014, according to the results of a new healthcare leadership survey released today byRoyal Philips (NYSE: PHG AEX: PHIA). To date, electronic medical records (EMRs) have been the most widely adopted HIT, with the Centers for Medicare and Medicaid Services reporting EMR reimbursements totaled more than $15.1 million as of June 2013. Now, as the industry prepares to meet meaningful use Stage 2 criteria^1, healthcare leaders are looking to expand the capabilities of EMR data to support and improve the quality of care by measuring clinical outcomes and sharing patient information.  Infographic: Leveraging IT to achieve connected care across the new healthcare enterprise.  Conducted by HIMSS Media on behalf of Philips Healthcare and announced at the 2014 Annual HIMSS Conference and Exhibition, the survey of 142 healthcare leaders aimed to determine how they are prioritizing technology investment and adoption to address healthcare reform initiatives. Of the 142 respondents, 85 percent represent either standalone hospitals or integrated delivery networks (IDNs). Nearly 40 percent of respondents are in C-level positions, with the predominant position being CIO, and another 30 percent comprising IT directors and managers.  "EMRs must meaningfully use the information across a hospital's network to improve care and add value for the patient," said Joe Frassica, vice president and chief medical information officer, Patient Care and Monitoring Solutions for Philips Healthcare. "One of the major complaints of hospital systems about their EMRs is their inability to access the data that's incorporated into the EMR and use it for meaningful patient intervention."  In fact, according to the survey results, EMR applications, selected by 53 percent of survey respondents, were identified as garnering the lion's share of their healthcare organization's technology purchasing budget, with interfacing and integration applications being selected by 27 percent.  Top considerations in today's clinical technology purchase decisions, as ranked by healthcare executives.  Other Key Survey Findings:  Connectivity and Interoperability    oA look at the combined top two rankings for technology capabilities that     are important considerations for clinical technology purchase decisions     reveal a demand for interoperable solutions and EMR augmentation (Table     1).   oWhen asked to identify the relative importance in choosing clinical     technologies, EMR interoperability, at 44%, was by far the most important     consideration for survey respondents.  Mobile connectivity for providers in and outside of traditional care settings    oSurvey participants reported deploying their IT systems to the following     entities to address healthcare reform requirements: physician offices     (78%), ambulatory surgery centers (47%), diagnostic imaging centers (41%),     urgent care centers (32%) and patient homes (30%).   o51% of respondents indicated that their healthcare organization was     deploying a new EMR as a new technology to help them meet healthcare     reform initiatives.   oHowever, 59% and 54% identified clinical devices and mobility solutions,     respectively, as recent acquisitions targeted to meet compliance.   o37% of respondents also confirmed their use of other solutions such as     home/telehealth technologies to help them coordinate care and meet     healthcare reform initiatives.  To learn more about the results of this survey, visit the Philips booth (#7245) at HIMSS14 or view the complete research findings in "The New Healthcare Enterprise: Leveraging Healthcare IT to Achieve Connected Care, Healthcare Reform."   For more information on Philips' presence at HIMSS, including the full suite of Philips interoperable software, solutions and services connecting the enterprise, visit www.philips.com/HIMSS  and follow the #HIMSS14 conversation @PhilipsHealth.  For further information, please contact: Contact: Kathy O'Reilly Philips (o) 978-659-2638 (mobile) 978-221-8919 Kathy.oreilly@philips.com Twitter: @kathyoreilly  About Royal Philips: Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people's lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2013 sales of EUR 23.3 billion and employs approximately 115,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.  ^1 On September 4, 2012, CMS published a final rule that specifies the Stage 2 criteria that eligible professionals, eligible hospitals and critical access hospitals must meet in order to continue to participate in the Medicare and Medicaid Electronic Health Record Incentive Programs. All providers must achieve meaningful use under the Stage 1 criteria before moving to Stage 2.  Royal Philips  Photo: http://photos.prnewswire.com/prnh/20140224/NE69810-INFO-a Photo: http://photos.prnewswire.com/prnh/20140224/NE69810-INFO-b Logo: http://photos.prnewswire.com/prnh/20140122/NE50581LOGO  SOURCE Royal Philips