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
 
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