Health Care IT Pays Off ... Eventually
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More than 60 percent of hospitals have made the investments and process changes needed to begin to see financial benefits, according to the researchers.
The leader of PWC's health IT practice, David Levy, M.D., put it this way:
"The business case for increased IT spending has been a foregone conclusion, but it is based largely on untested claims and the experience of other industries. The lack of reliable, industry-specific empirical evidence has left hospital executives wondering whether IT investments will ever really pay off and unclear about the extent to which a transformation will occur. We can now retire this question and definitively say, 'Invest in IT; it works, but have patience.'"That's semi-good news; an eventual return is better than no return at all. But clearly IT is not a quick or inexpensive fix for what ails the health care industry, or for the sickening increases in health care costs.
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