Healthcare Insights

Hospitals with the Highest IT Operating Budgets

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

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 Hospital NameEstimated IT Operating BudgetNet Patient RevenueExplore This Dataset
1.Cleveland Clinic Main Campus$189,543,739 $4,858,709,504 Explore This Profile
2.NewYork-Presbyterian Hospital at Weill Cornell Medical Center$184,428,384 $5,340,902,266 Explore This Profile
3.NYU Langone Tisch Hospital$152,545,781 $4,101,296,000 Explore This Profile
4.Vanderbilt University Medical Center$141,149,268 $3,442,776,569 Explore This Profile
5.Massachusetts General Hospital$133,720,825 $2,903,757,623 Explore This Profile
6.Stanford Hospital$132,939,563 $4,132,132,686 Explore This Profile
7.Montefiore Hospital - Moses Campus$125,471,360 $2,728,344,000 Explore This Profile
8.Memorial Sloan Kettering Cancer Center$120,499,132 $2,922,980,827 Explore This Profile
9.University of Michigan - University Hospital$115,203,379 $3,296,778,854 Explore This Profile
10.University of Texas MD Anderson Cancer Center$115,095,896 $3,480,505,919 Explore This Profile
11.IU Health Methodist Hospital$113,562,183 $2,634,217,338 Explore This Profile
12.UCSF Helen Diller Medical Center at Parnassus Heights$110,827,645 $3,620,962,130 Explore This Profile
13.Brigham and Womens Hospital$102,289,003 $2,257,366,198 Explore This Profile
14.Cedars-Sinai Medical Center$98,305,610 $3,140,742,831 Explore This Profile
15.Yale New Haven Hospital$97,270,033 $2,749,659,018 Explore This Profile
16.AdventHealth Orlando$95,838,158 $3,432,794,596 Explore This Profile
17.Long Island Jewish Medical Center$94,979,830 $2,222,706,644 Explore This Profile
18.North Shore University Hospital$87,445,042 $1,826,917,278 Explore This Profile
19.Hospital of the University of Pennsylvania$85,409,065 $2,448,160,000 Explore This Profile
20.The Johns Hopkins Hospital$83,346,725 $2,041,319,447 Explore This Profile
21.Cincinnati Childrens Hospital Medical Center - Burnet Campus$79,097,549 $1,659,809,285 Explore This Profile
22.Carolinas Medical Center$77,701,893 $2,283,129,668 Explore This Profile
23.Mount Sinai Medical Center$76,461,300 $2,467,873,137 Explore This Profile
24.UPMC Presbyterian$76,334,265 $1,849,820,096 Explore This Profile
25.Duke University Hospital$75,804,991 $2,339,265,283 Explore This Profile

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).

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