March 28, 2012

5,000th Application Milestone

In April, 2012, CarePrecise will celebrate having built and released our 5,000th database application and version release! Actually, we will have released 5,049 (and maybe more) separate software applications, including state-by-state NPIdentify Desktop apps, CarePrecise Access sets, customized CarePrecise Select sets, CP ListMaker version upgrades, custom applications, and specialized MEDICAlistings marketing lists. In all, we will have distributed software and datasets representing nearly a terrabyte of data and code since 2008. We're a privately held company and we don't release financials or our exact number of users, but we can say that it's between 500 and 1,000. And we love every single one!

March 7, 2012

Hospital Spending To Grow

A new survey conducted by L.E.K. Consulting indicates a predicted rise in spending and aggressive supplier negotiations by hospitals during 2012. The study, which surveyed 200+ hospital executives, found that 61% expect budgets to grow through the year, in such areas as healthcare I.T. (57%), facilities and major medical devices (35%), and many expect growth in infection-fighting disposables. In fact, budgets are expected to rise through the coming five year period.

But the study also revealed that hospitals can be expected to drive ever harder bargains for their purchasing. Eighty percent stated that they will continue or step up pressure on suppliers to cut costs, while the number that anticipate greater use of purchasing organizations grew from 52% to 62% over last year.

The investigators cited the Affordable Care Act as a driver for the increase in hospital spending. CarePrecise healthcare provider data contains 31,270 hospital records as of February 29, 2012, representing 5,755 hospitals with 942,000 beds and total 2011 expenditures of $751 billion.