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In the healthcare industry, an operating budget is the forecasted expenditures and revenues for the coming year. As the year goes on, hospital leaders and supply chain managers may adjust purchasing and other spending to ensure the actual budget aligns with the original projection.

According to a Navigant study from August 2018, 38 percent of hospital executives reported the supply chain as a top-priority area to reduce operating expenses for 2019, with workforce management solutions also taking a hit. The study also reported that 22 percent of hospital executives claimed they were facing a shortage of IT experts that was worse than in 2017, compared to 17 percent who claimed the shortage had improved.

Information technology (IT) in healthcare has proven integral to improving patient care outcomes and reducing costs. The most prolific healthcare IT is the electronic health record (EHR) system, which enables secure patient data collection and sharing between providers. Other popular platforms include computerized physician order entry (CPOE), patient portals, telemedicine, and more.

We’ve compiled a list of the top 25 hospitals with the highest estimated IT operating budgets.

Top 25 Hospital by IT Operating Budget

  Hospital Name Estimated IT Operating Budget Net Patient Revenue

1.

Cleveland Clinic Main Campus

$189,543,739

$4,858,709,504

2.

NewYork-Presbyterian Hospital at Weill Cornell Medical Center

$184,428,384

$5,340,902,266

3.

NYU Langone Tisch Hospital

$152,545,781

$4,101,296,000

4.

Vanderbilt University Medical Center

$141,149,268

$3,442,776,569

5.

Massachusetts General Hospital

$133,720,825

$2,903,757,623

6.

Stanford Hospital

$132,939,563

$4,132,132,686

7.

Montefiore Hospital - Moses Campus

$125,471,360

$2,728,344,000

8.

Memorial Sloan Kettering Cancer Center

$120,499,132

$2,922,980,827

9.

University of Michigan - University Hospital

$115,203,379

$3,296,778,854

10.

University of Texas MD Anderson Cancer Center

$115,095,896

$3,480,505,919

11.

IU Health Methodist Hospital

$113,562,183

$2,634,217,338

12.

UCSF Helen Diller Medical Center at Parnassus Heights

$110,827,645

$3,620,962,130

13.

Brigham and Womens Hospital

$102,289,003

$2,257,366,198

14.

Cedars-Sinai Medical Center

$98,305,610

$3,140,742,831

15.

Yale New Haven Hospital

$97,270,033

$2,749,659,018

16.

AdventHealth Orlando

$95,838,158

$3,432,794,596

17.

Long Island Jewish Medical Center

$94,979,830

$2,222,706,644

18.

North Shore University Hospital

$87,445,042

$1,826,917,278

19.

Hospital of the University of Pennsylvania

$85,409,065

$2,448,160,000

20.

The Johns Hopkins Hospital

$83,346,725

$2,041,319,447

21.

Cincinnati Childrens Hospital Medical Center - Burnet Campus

$79,097,549

$1,659,809,285

22.

Carolinas Medical Center

$77,701,893

$2,283,129,668

23.

Mount Sinai Medical Center

$76,461,300

$2,467,873,137

24.

UPMC Presbyterian

$76,334,265

$1,849,820,096

25.

Duke University Hospital

$75,804,991

$2,339,265,283

Fig 1. Data from Definitive Healthcare’s Hospital and IDNs platform. Financial information taken from the April 2019 Medicare Cost Report for the period ending on Dec. 31, 2017 (the most recent available).