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