Capital Funding Buzz Survey November 2012 Supported by:

Transcription

1 Capital Funding Buzz Survey November 2012 Supported by:

2 2 Methodology A three question survey on Capital Funding was sent to members of the HealthLeaders Media Council in November, The HealthLeaders Media Council comprises executives from healthcare provider organizations who collectively deliver the most unbiased industry intelligence available. A total of 125 completed surveys are included in the analysis, which included 58 Senior Leaders. Results for Senior Leaders are broken out. The margin of error for a sample size of 125 is +/-8.8% at the 95% confidence interval.

3 3 Respondent Profile

4 4 Respondent Profile - Title Senior leaders CEO, Administrator, Chief Operations Officer, Chief Medical Officer, Chief Financial Officer, Executive Dir., Partner, Board Member, Principal Owner, President, Chief of Staff, Chief Information Officer 46% 21% Clinical leaders Chief of Orthopedics, Chief of Radiology, Chief Nursing Officer, Dir. of Ambulatory Services, Dir. of Clinical Services, Dir. of Emergency Services, Dir. of Nursing, Dir. of Rehabilitation Services, Service Line Director, Dir. of Surgical/Perioperative Services, Medical Director, VP Clinical Informatics, VP Clinical Quality, VP Clinical Services, VP Medical Affairs (Physician Mgmt/MD) 15% 10% 5% 3% Operations leaders Chief Compliance Officer, Asst. Administrator, Dir. of Patient Safety, Dir. of Quality, Dir. of Safety, VP/Dir. Compliance, VP/Dir. Human Resources, VP/Dir. Operations/Administration, Other VP Senior Leaders Operations Leaders Clinical Leaders Marketing Leaders Financial Leaders Information Leaders Finance leaders VP/Dir. Finance, HIM Director, Director of Case Management, Director of Revenue Cycle Base = 125 Marketing Leaders VP/Dir. Marketing/Sales, VP/Dir. Media Relations Information leaders Chief Medical Information Officer, Chief Technology Officer, VP/Dir. Technology/MIS/IT

5 5 Respondent Profile - Employment Which of the following best describes your place of employment? Percent Hospital 41% Health system (IDN/IDS) 23% Physician Org (MSO, PPO, PHO, PBM) 18% Long-term care / SNF 6% Ancillary, Allied Provider 5% Health Plan / Insurer 3% Government, Education / Academic 3% Base = 125

6 6 November 2012 Capital Funding Buzz Survey Results Respondent Profile Size of Organization Number of Beds Percent % % % Base = 51 (hospitals) Number of Sites Percent % % % Base = 29 (health systems) Number of Physicians Percent % % % Base = 23 (physician orgs)

7 7 Respondent Profile Type of Organization Which best describes your type of organization? Profit 31% 69% Nonprofit Base = 125

8 8 Survey Results

9 9 Priorities for Capital Investment What are your organization s top three priorities for capital investment in the next 12 to 18 months? Healthcare information systems (including EMR) and IT infrastructure Upgrades to existing facilities Process improvements for operational efficiencies Merger, acquisition, or other partnership 33% 36% 47% 47% 45% 47% 68% 66% Clinical technology 22% 32% New facilities 26% 28% Funding for pension, benefits or self-insurance Compliance with safety codes No capital investment planned in the next 12 to 18 months 6% 9% 6% 7% 6% 9% Total Senior leaders Multi Response

10 10 Drivers of Capital Investments How influential are each of the following in driving your organization s capital investments in the next 2-3 years? Major influence Minor influence Not an influence Changes to healthcare reform laws 65% 23% 12% Sequestration of federal funding 50% 33% 17% Merger, acquisition, or other partnership 45% 20% 35% An economic downturn 43% 41% 16% Local competitor moves 37% 42% 21% An economic upturn 21% 50% 29%

11 11 Drivers of Capital Investments Senior Leaders How influential are each of the following in driving your organization s capital investments in the next 2-3 years? Major influence Minor influence Not an influence Changes to healthcare reform laws 69% 14% 17% Merger, acquisition, or other partnership 48% 12% 40% Sequestration of federal funding 47% 31% 22% An economic downturn 41% 36% 22% Local competitor moves 41% 36% 22% An economic upturn 21% 48% 31%

12 12 Capital Investments Funding Sources Please indicate if each of the following funding sources will be a primary source, a secondary source or not a source for your organization s capital investments in the next 2 to 3 years. Primary Source Secondary Source Not a Source Bond market 33% 23% 44% Investment income 30% 38% 32% Commercial loans 22% 26% 52% Philanthropic donations 18% 44% 38% Venture capital 12% 14% 74%

13 13 Capital Investments Funding Sources Senior Leaders Please indicate if each of the following funding sources will be a primary source, a secondary source or not a source for your organization s capital investments in the next 2 to 3 years. Primary Source Secondary Source Not a Source Bond market 34% 16% 50% Investment income 24% 41% 34% Commercial loans 28% 33% 40% Philanthropic donations 19% 43% 38% Venture capital 3% 16% 81%