Florida hospitals with the highest IT expenses

Hospitals use software and information technology (IT) to access and track patients’ electronic health records (EHRs), perform diagnostic imaging procedures, manage provider and patient scheduling, and track revenue and expenses. These solutions can cost a hospital millions of dollars annually, impacting their net patient revenue.

In the Definitive Healthcare HospitalView data product, estimated IT operating expenses is a proprietary calculation based on a facility’s size, services, and the data they provide in the Medicare Cost Report.

In this Healthcare Insight, we review the top 20 hospitals in Florida by highest IT operating expenses. The figure used for calculations is a hospital’s most recent Medicare Cost Report, which can include both 2020 and 2021 data.

Top 20 Florida hospitals by IT expenses

 Rank   Definitive ID  Hospital name  City  Number of staffed beds  IT expense budget
1 873 AdventHealth Orlando Orlando 2,247 $143,334,466
2 845 Jackson Memorial Hospital Miami 1,504 $80,933,728
3 872 Orlando Health Orlando Regional Medical Center Orlando 808 $76,707,552
4 756 UF Health Shands Hospital Gainesville 742 $61,087,845
5 851 Sylvester Comprehensive Cancer Center Miami 553 $59,938,217
6 809 Tampa General Hospital Tampa 898 $58,486,159
7 576749 Baptist Medical Center Jacksonville Jacksonville 439 $48,401,833
8 846 Baptist Hospital Miami 838 $42,975,714
9 774 Memorial Regional Hospital Hollywood 553 $42,777,972
10 814 St. Joseph's Hospital Tampa 527 $40,976,936
11 818 Moffitt Cancer Center Tampa 218 $37,850,433
12 920 Sarasota Memorial Hospital Sarasota 713 $33,885,852
13 798 Ascension Sacred Heart Hospital Pensacola Pensacola 536 $32,937,249
14 830 Lee Memorial Hospital Fort Myers 355 $28,310,873
15 795 UF Health Jacksonville Jacksonville 549 $27,486,944
16 792 Mayo Clinic Hospital - Florida Jacksonville 304 $27,461,803
17 834 Tallahassee Memorial HealthCare Tallahassee 402 $25,896,125
18 842 Mount Sinai Medical Center (FL) Miami Beach 481 $25,716,423
19 912 Lakeland Regional Health Medical Center Lakeland 774 $24,819,048
20 5892 Nicklaus Children's Hospital Miami 277 $22,456,808

Fig. 1 Data is from the Definitive Healthcare HospitalView product. Hospital financial data is sourced from the Medicare Cost Report with estimated IT expenditures based on proprietary calculations. Data accessed September 2022.

Which hospital in Florida has the highest IT expenses?

AdventHealth Orlando has the highest estimated IT expenses among hospitals in Florida at more than $143 million. It is the largest hospital in Florida by net patient revenue as well as one of the top hospitals in the U.S. based on IT expenses. Formerly known as Florida Hospital Orlando, AdventHealth Orlando is a top U.S. News hospital with institutes for cancer, cardiovascular conditions, diabetes, and orthopedics.

Jackson Memorial Hospital is a teaching hospital for medical students from the University of Miami and nationally recognized for pediatrics. It is the largest hospital in Miami based on number of beds and is also among the largest hospitals in Miami based on net patient revenue. The hospital has estimated IT expenses of nearly $81 million.

There is one children’s hospital on the list and the rest are short-term acute care hospitals. Several are academic medical centers and two are cancer centers.

What is the average IT expense for hospitals in Florida?

Based on data from 180 hospitals tracked in HospitalView, the average IT expense for Florida hospitals is $11 million. In comparison, the national hospital IT expenses average about $7.8 million.

The average IT expenses for the top 20 Florida hospitals on the list is $47.1 million.

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