By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    healthcare cybersecurity
    4 Helpful Tips on How to Protect Your Medical Practice Against Cyber Attacks
    October 24, 2021
    Health Check Diagnosis Medical Condition Analysis Concept
    6 Health Woes With Online Remedies
    January 19, 2022
    Eight Things Men Should Know About the Male Menopause
    Eight Things Men Should Know About the Male Menopause
    April 24, 2022
    Latest News
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
    The Best Home Remedies for Migraines
    June 5, 2025
    The Hidden Impact Of Stress On Your Body’s Alignment And Balance
    May 22, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    healthy nursing school habits
    Healthy Habits for Nursing Student Nursing School Students
    May 24, 2024
    High Deductables
    High-Deductible Insurance and Rising Bad Debt
    July 24, 2015
    How People Are Taking Advantage of Health Deals in the Recent Recession
    February 5, 2021
    Latest News
    Top HIPAA-Compliant Messaging Apps for Healthcare Teams
    June 25, 2025
    When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
    June 20, 2025
    Preventing Contamination In Healthcare Facilities Starts With Hygiene
    June 15, 2025
    Strengthening Healthcare Systems Through Clinical and Administrative Career Development
    June 13, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Why 1 + 1 = 10 for Physicians and Information Technologists
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Hospital Administration > Why 1 + 1 = 10 for Physicians and Information Technologists
BusinessHospital AdministrationTechnology

Why 1 + 1 = 10 for Physicians and Information Technologists

Bill Crounse
Last updated: July 28, 2014 8:11 am
Bill Crounse
Share
4 Min Read
SHARE

An article in Becker’s Hospital Review caught my attention this morning, not specifically because of the topic but rather because of what it portends for the careers of physicians and health IT workers.

An article in Becker’s Hospital Review caught my attention this morning, not specifically because of the topic but rather because of what it portends for the careers of physicians and health IT workers. The article, 10 Concerns and Trends Facing Hospitals Right Now, is a terrific synopsis of everything a hospital CEO should be focused on these days if he or she wants his or her hospital to survive. The concerns range from the growth of high-deductible insurance plans and accountable care organizations to narrow networks and the challenges of staying independent. Indeed, these are important trends worthy of attention. But I was drawn to two specific concerns in the article ( #8 and #9) that actually spell good news for physicians and hospital IT staff, and perhaps even better news for doctors who are skilled in both medicine and information technology.

image

Concern #8 in the article is Huge Growth in IT Spending. As the article points out, health IT spending exploded in 2014. In a 2014 survey of hospital executives by Premier, nearly half of hospital executives said their largest capital investment over the coming year will be in Health IT. That is certainly not surprising considering the billions of federal dollars flowing into initiatives to digitize the American healthcare system, and I wouldn’t expect hospital and health system investments in IT to falter much even after the federal money begins to wane. With “accountable care” and payment plans based on risk and quality over volume, hospitals will need finely tuned data analytics solutions to stay one step ahead of their competitors. And yes, as the Becker’s article points out, these capital investments will be challenging in the short term but absolutely essential when it comes to long-term gains. Moody’s states that hospitals that invest in information technology and outpatient services are the ones most likely to survive this era of challenging operating conditions.

More Read

Administrative Costs
Personal or Population Health? Big Data or Small Data?
Five Facts about ICD-10 from CMS
Precision Medicine Still Waits for the “Aha” Moment
Innovative Ways for Older Americans to be Never too Old to Play

imageConcern #9 in the Becker’s article cites Competition for Physicians. It suggests that the huge demand for physicians and the relatively small supply of them (especially in primary care and in rural areas) will make recruiting tough. The Association of American Medical Colleges estimates a physician shortage of more than 130,000 doctors by 2025, and a study in Health Affairs suggests a doubling in the need for geriatric specialists over the next decade or so. The Becker’s article concludes, “Physicians and health IT staff seem to be the two relative untouchables in a challenging economic environment”.

So, if you are a health IT worker or a physician that’s good news. You may not get rich, but you should expect a reasonably good run for the foreseeable future. If you develop or sell software or IT services for healthcare, you can also expect some good years ahead. And if you happen to be both a skilled physician and a knowledgeable information technologist, the world may be your oyster—at least until the computers (or should I say the machine learning, neural networks in the cloud) get so smart that neither doctors nor information technologists are required anymore.

What do you think?

TAGGED:Health IT
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

women dental care
What Is a Smile Makeover and How Much Does It Cost?
Dental health
June 30, 2025
HIPAA-Compliant Messaging Apps
Top HIPAA-Compliant Messaging Apps for Healthcare Teams
Global Healthcare Policy & Law Technology
June 25, 2025
recovering from injury
Rebuilding After Injury: Path to Physical and Emotional Recovery
News
June 22, 2025
scientist using microscope
When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
Global Healthcare
June 18, 2025

You Might also Like

FinanceHealth careWellness

5 Smart Ways To Save Money For Medical Bills

May 25, 2020

Cleveland Clinic and Genzyme Will Pursue New Multiple Sclerosis Treatments

May 5, 2014
medicare prevention and quality of care
Health ReformHospital AdministrationPolicy & LawPublic HealthWellness

Medicare Needs to Emphasize Prevention and Quality of Care

July 7, 2013
Sealants-change-total-market
Technology

Wound Closure Market Shifts From Traditional to Advance Products

October 6, 2011
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?