Health Care Execs Say Tech is Key for Success in 2016

Executives in the health care industry, including the home health and hospice sectors, have good feelings about 2016—especially when it comes to technology.

In fact, 88% of health care executives believe that technology is helping them provide higher quality care, according to the 2016 Middle Market Healthcare Outlook from CIT Group Inc. (NYSE:CIT), a New Jersey-based provider of commercial lending and leasing services.

Harris Poll conducted the survey, which involved 164 middle market health care executives at companies with revenue between $25 million and $1 billion. The survey was conducted between Feb. 18 and 29, 2016.

Executives from several health care industry subsets took part in the survey, including skilled nursing, pharmaceuticals, biotech, hospitals/medical centers, primary care, specialty care, behavioral health facilities, medical devices/supplies, other inpatient hospitals, health care technology, home health and hospice.

More than half of the executives surveyed believe health care M&A activity will increase in next 12 months, 65% think regulations have positively affected their company’s growth, 71% anticipate that their revenues will increase this year, and 55% are planning to seek financing in the next 12 months.

Additionally, 72% of health care executives believe their sector is on track with the rest of the industry when it comes to determining how to best measure outcomes, the survey revealed.

Written by Mary Kate Nelson