Guidehouse analyzed a survey conducted by the Healthcare Financial Management Association from August – September 2023 to understand top digital and IT investment priorities at U.S. hospitals and health systems for 2024.

Get insights on executives’ top digital and IT investment priorities, projected budget shifts in 2024, and challenges and opportunities

At a Glance

• 75% have increased their digital and IT budgets since 2019
• 85% expect digital and IT budgets to increase in 2024
• 68% are increasing budgets to enhance patient and provider satisfaction
• 55% say cybersecurity is their top investment priority

The survey included 144 provider executive respondents, the majority of whom were CFOs. Providers cited continued increases in digital and IT spending, primarily to advance cybersecurity and operational efficiency.

About Guidehouse

Guidehouse is a leading global provider of consulting and managed services to public sector and commercial clients. A four-time Best in KLAS® winner in 2023, Modern Healthcare also ranked Guidehouse 2023’s third-largest healthcare IT consulting firm. The Guidehouse Health team helps providers, government agencies, life sciences companies, employers, payers, and other organizations modernize and innovate healthcare services, finances, and operations.

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