Study Finds Correlation Between IT Use and Financial Performance
A Florida State University empirical study published in the Jan./Feb. issue of the Journal of Healthcare Management suggests a “significant and positive relationship between increased levels of IT use and various measures of financial performance, even after controlling for case-mix acuity and bed size.” Nir Menachemi, assistant professor and director of the Center on Patient Safety at the Florida State University College of Medicine, used public financial data from 82 hospitals in the state and looked at administrative (e.g. billing and payroll), clinical (typically CPOEs and EMRs) and strategic (e.g. managed care) IT investments. See the Business Journal of Jacksonville for more.
February 12, 2006 Related topics: IT & software