The Cure for Healthcare Challenges: Winning the War for IT Talent

The Cure for Healthcare Challenges: Winning the War for IT Talent The number of uninsured Americans went from 45.7 million in 2008 to 50 million in 2009, an increase of 9.4% As of 2010 nearly 1 out of 5 Americans are uninsured and 20% (1 out of 5) of Americans receives Medicaid or some other public insurance %3D Alarming Healthcare Statistics Expenditures in the U.S. on Several factors healthcare surpassed $2.3 trillion create urgent need for significant change in healthcare. in 2008 Health insurance premiums have doubled over the last eight years' and are projected to increase 8.5% in 2012, up from 8% in 20112 more than 3X the $714 billion spent in 1990 97.19% or 96,402 hospital deaths could potentially been avoided. over 8X the $253 billion spent in 1980, 10 ANOHA ANOIA ANOIA ANOHA AHOHA AA = 4,820 deaths 1980 1990 2008 Healthcare Laws and Legislation HITECH Act (Health Information Technology for Economic and Clinical Health Act, part of ARRA - American Recovery and Reinvestment Act): Signed into law in February 2009, the HITECH Act outlines the federal government's plan to reward healthcare providers with more than $20B for their 'meaningful use'1" of health IT systems such as EMR (electronic medical records) and CPOE (computerized physician order entry). Meaningful use means that providers must show they are using certified technology in ways that can be measured in quality and quantity. Practices that fail to adopt CCHIT (Certification Commission for Health Information Technology)-certified EMR systems by 2014 will have their Medicare reimbursement rates cut by up to 3% beginning in 2015.5 In response to these alarming trends and statistics, the government is taking legislative action. ICD-10-CM (International Classification of Diseases, 10th edition, Clinical Modifications): U.S. healthcare organizations must convert from the ICD-9 codes to ICD-10-CM by October 1, 2013. iCD defines the standardized set of codes describing diagnoses developed and maintained by the World Health Organization (WHO). ICD-10 has 10 HIPAA 5010 healthcare data transactions contain 25% more HIPAA 5010 (an updated version of the Health Insurance Portability and Accountability Act of 1996) Requires that healthcare organizations change the content of data submitted in claims as well as the data available to individuals times the number of diagnosis and procedure codes from ICD-9 18 information than their HIPAA 4010 counterparts. when submitting claims in response to electronic inquiries. 10100010001000 10101010001010 00001010101010 10101010001010 PPACA (Patient Protection and Affordable Care Act): Signed into law in March 2010, the healthcare reform legislation expands healthcare coverage to 32 million uninsured Americans," extends dependent coverage of children until the child turns 26 years of age, expands Medicare eligibility, provides incentives for businesses to provide healthcare benefits, prohibits insurance companies from denying coverage to individuals with pre-existing conditions, imposes limitations on flexible spending accounts and requires states to establish an American Health Benefit Exchange. ICD-9 Healthcare IT Initiatives The U.S. HIS market F$+$ is expected 11010100 to triple Healthcare HIT spending is expected to increase 4.7% in 2011 The cost to implement new HIS technology at U.S. hospitals averages. organizations are initiating major clinical between $+$0, 2010 2010 and 2013 from $3 billion to $9 billion and IT initiatives to 4010100 comply with mandates and improve patient care. 0010111 $80K -$100K per bed" The global market for hospital information systems (HIS) is forecasted to exceed $18 billion 58% of healthcare CIOs named EMR systems as their most important IT project over COCC by 2016 14 e next months4 29% EMR 29% of healthcare organizations are currently implementing or plan to begin security initiatives in the next 12 months." accounts for 44% of the global HIS market at $4 billion 50% of Healthcare organizations are more likely than other industries to be currently engaged in or planning to begin virtual desktop initiatives in the next 12 months. Healthcare organizations are also prioritizing server virtualization, unified communications and IP telephony/VolIP initiatives." healthcare organizations are currently engaged in or plan to begin business intelligence initiatives in the next 12 months, HC organizations currently engaged in or planning to begin in the next 12 months Virtual Desktop 50% Server Unified IP Telephony/VolP 29% compared to 45% for all Virtualization Communications 33% 31% industries. War for Healthcare IT Talent 70% The war for qualified healthcare IT resources has never been more 4 Million" IT professionals fierce. Healthcare organizations must evaluate their workforce management strategies to successfully execute their initiatives. 98,600 of CIOs said that they are facing a lack of available professionals to implement EHR. 12 healthcare IT professionals 96T0 Top Healthcare Skill Sets In Demand:" Business Analysts Reporting Analysts Project Managers Trainers Developers ГHTH of healthcare IT managers believe that there will be between 50,000 to 200,000 new healthcare IT jobs created by 201515 GENERAL HOSPITAL EMERGENCY "It's very hard to find qualified individuals, who not only understand the technology but also know how it fits into the big picture." "I've been in this industry over 20 years. I've never seen a demand for IT staff like "There is intense competition for talent. We're looking for experienced people because we can't I'm seeing today..The competition is intense and we are poaching each others' workforces to get afford to make any mistakes." the talent we need." In the words of today's healthcare leaders... SOURCES: 1"Employer Health Benefits Survey 2008", Kaiser Family Foundation 2"Behind the numbers: Medical cost trends for 2012", PwC, May 2011 3"The Uninsured: A Primer", Kaiser Commission on Medicaid and the Uninsured, December 22, 2010 HIMSS 2010 FAmerican Recovery and Reinvestment Act of 2009 6"IT Key Metrics Data 2011: Executive Summary", Gartner, December 17, 2010 7"IT Executive Outlook Survey", TEKsystems, December 2010 U.S. Bureau of Labor Statistics, 2011 "Patient Safety in American Hospitals", HealthGrades, March 2010 10 "National Health Care Expenditures Data", Centers for Medicare and Medicaid Services, Office of the Actuary, National Health Statistics Group, January 2010 1"TEKsystems proprietary data, 2011 12College of Healthcare Information Management Executives (CHIME), October 2010 13 "Health IT: Big Costs, Big Savings", Next Gov, August 17, 2010 14*"EMRS Top Priority for 58% of Hospital CIOS", InformationWeek, May 6, 2010 15"Health IT Jobs Outlook Bright", InformationWeek, February 12, 2010 16 "Big growth projected for HIS market", Healthcare IT News, June 2, 2010 7 Patient Protection and Affordable Care Act (PPACA), H.R. 3590, March 23, 2010 18 www.medicalbillingandcoding.com, 2011 " American Recovery and Reinvestment Act, H.R. 1, January 2009 Infographic created by: TEK systems. TEKsystems, Inc. is an Allegis Group, Inc. company. Certain names, products and services listed in the document are trademarks, register trademarks, or service marks of their respective companies. Copyright © 2011 TEKsystems, Inc. All Rights Reserved. ICD-10 U.S. IT Professionals