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Healthcare Insights

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 budgetExplore dataset
1873AdventHealth OrlandoOrlando2,247$143,334,466 Explore
2845Jackson Memorial HospitalMiami1,504$80,933,728 Explore
3872Orlando Health Orlando Regional Medical CenterOrlando808$76,707,552 Explore
4756UF Health Shands HospitalGainesville742$61,087,845 Explore
5851Sylvester Comprehensive Cancer CenterMiami553$59,938,217 Explore
6809Tampa General HospitalTampa898$58,486,159 Explore
7576749Baptist Medical Center JacksonvilleJacksonville439$48,401,833 Explore
8846Baptist HospitalMiami838$42,975,714 Explore
9774Memorial Regional HospitalHollywood553$42,777,972 Explore
10814St. Joseph's HospitalTampa527$40,976,936 Explore
11818Moffitt Cancer CenterTampa218$37,850,433 Explore
12920Sarasota Memorial HospitalSarasota713$33,885,852 Explore
13798Ascension Sacred Heart Hospital PensacolaPensacola536$32,937,249 Explore
14830Lee Memorial HospitalFort Myers355$28,310,873 Explore
15795UF Health JacksonvilleJacksonville549$27,486,944 Explore
16792Mayo Clinic Hospital - FloridaJacksonville304$27,461,803 Explore
17834Tallahassee Memorial HealthCareTallahassee402$25,896,125 Explore
18842Mount Sinai Medical Center (FL)Miami Beach481$25,716,423 Explore
19912Lakeland Regional Health Medical CenterLakeland774$24,819,048 Explore
205892Nicklaus Children's HospitalMiami277$22,456,808 Explore

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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