Survey: Switch to EMRs, ICD-10 codes to drive up hospitals' IT budgets

06/5/2009 | Health Data Management

The push toward electronic medical records, as well as the migration to 5010 standards and ICD-10 code sets for computerized claims, will help increase U.S. hospitals' IT spending, which will reach $4.7 billion in 2009 and soar to $6.8 billion by 2014, according to a report from HIMSS Analytics. The study also estimates that providers will use 43% to 48% of capital budgets on such technology this year, decreasing from 2007 figures because of the recession.

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