Evans, M. (17 May 2011). Advanced IT linked with hospital profitability, Fitch finds. Modern Healthcare. Retrieved (10 June 2011) from http://www.modernhealthcare.com/article/20110517/NEWS/305179953?AllowView=VW8xUmo5Q21TcWJOb1gzb0tNN3RLZ0h0MWg5SVgra3NZRzROR3l0WWRMZmJVZndHRWxiNUtpQzMyWmV1NW5zWUpibWk=.
According to a new report (registration required) from Fitch Ratings, not-for-profit hospitals that utilized information technology achieved higher profits and quality ratings than hospitals that did not employ similar technology.
A synopsis of the report on Modern Healthcare illustrates some of the major findings, such as the fact that technology advanced hospitals were more likely than low-tech hospitals to receive a rating of A- or higher, as well as see greater profit over cost growth and more available cash and investments.