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.
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|Hospital Name||Estimated IT Operating Budget||Net Patient Revenue||Explore 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).