2024 Health System Digital & IT Investment Trends

U.S. hospital and health system leaders project continued increases in digital and technology spending, specifically for solutions that advance operational efficiency and cybersecurity, according to a survey analyzed by Guidehouse and conducted by the Healthcare Financial Management Association. The survey of 144 provider executives reveals their top digital and IT investment priorities for 2024 and associated challenges, opportunities, and goals.

 

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Increased Spending

From 2019 to 2023, 75% of providers increased their digital and IT budgets with 1 in 5 citing increases of more than 30%. These increases are expected to continue as most providers project their digital and IT budgets to grow in 2024, and nearly half cited moderate to significant increases. 

 

2024 healthcare trends

 

 

Priority Areas

When selecting top areas for digital and IT investments in 2024, cybersecurity infrastructure was identified as the highest priority, followed by electronic health record (EHR) modernization, digital care, and advanced analytics, AI, and machine learning.

 

2024 Healthcare Trends

 

 

Investment Goals

Health system leaders seek solutions that streamline administrative processes for clinicians and make it easier for patients to access healthcare services, communicate with providers, and manage their health.

 

2024 Digital Health Trends

 

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Guidehouse is a global consultancy providing advisory, digital, and managed services to the commercial and public sectors. Purpose-built to serve the national security, financial services, healthcare, energy, and infrastructure industries, the firm collaborates with leaders to outwit complexity and achieve transformational changes that meaningfully shape the future.

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