Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

Current DateTime: 07:07:38 29 Nov 2009
LinksList Documentid: 26658570
    • Activision CEO Sounds Off 

        Why video game sales are weakening, with Robert Kotick, Activision Blizzard president & CEO.

    • Countdown to the Opening Bell 

        A look ahead of how the markets will open, with Jack Bouroudjian, IndexFuturesGroup.com CEO.

    • Dubai Credit Default Fears 

        Discussing the situation in Dubai and the impact on markets worldwide, with David Kotok, Cumberland Advisors and Mac McClelland, Center House Limited CEO.

    • Dubai's Debt Crisis 

        Discussing the market impact, with Mohamed El-Erian, Pimco CEO.

    • Retail's Toy Story 

        A check on shoppers and the business of Black Friday, with Gerald Storch, Toys "R" US chairman/CEO and Dana Telsey, Telsey Advisory Group.


Current DateTime: 07:07:38 29 Nov 2009
LinksList Documentid: 31426513
Expiration DateTime: 11/29/2009 7:09:13 AM
powered by digg
Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
Text Size
Oct.07
11:18 AM ET
Tuesday, 7 Oct 2008
Hospital Careers For Executives--Something To Think About

Vault

In an age when Barack Obama, if elected, plans to name the nation’s first chief technology officer (CTO), and technology behemoths Microsoft [MSFT  Loading...      ()   ] and Google [GOOG  Loading...      ()   ]are setting out to create vast repositories for personal health information, being a CTO or CIO (chief information officer) in the health care space is an increasingly appealing career option for executives.

A study presented to the House Steering Committee on Telehealth and Healthcare Informatics earlier this year cited that the country's health care system will require 40,000 additional health IT professionals (close to 40 percent) as the nation moves toward wider IT adoption.

In the health care field, CIOs are responsible for setting forth the organization's long-term strategies and managing hardware and software applications, while CTOs generally manage day-to-day operations and technology standards and practices. These tech positions, which can net up to $400,000 for administrators of large multi-hospital systems, are increasingly requiring an MBA or MHA (masters in health administration) and previous director-level IT experience in the health care field.

Chief medical information officers (CMIO), technologically-oriented MDs who usually have either an MBA, MHA or MMM (master of medical management) and help tie together the medical and technological aspects of a health care setting, are becoming more commonplace too. To this end, medical informatics programs, like the Cleveland Clinic Medical Informatics Fellowship and the Yale University Medical Informatics Fellowship, are cropping up all over the nation to train these new doctors in the latest informatics.

With Google Health, Microsoft HealthVault and Dossia making partnerships with big health players like Cleveland Clinic and Kaiser Permanente, the $1.4 billion electronic personal health record market will only grow. President Bush also made it a goal to outfit all Americans with electronic health records by 2014, so that means the health care space will need a growing number of high-level technology experts to implement this infrastructure.

Even with the economic downturn hospitals are still rolling out their EMR programs and moving forward with expansion projects: Johns Hopkins Hospital is moving full steam ahead with their $1.2 billion redevelopment project to replace half their inpatient beds and add two clinical towers, while Massachusetts General Hospital is set to open a 200,000 square-foot outpatient center in Danvers in June 2009.

Health care 2.0 components like social networking will also add to health care IT growth. Combine these two in-demand fields of health care and IT and you've got economic gold that even Ben Bernanke can't undermine.


________________________________

Jennifer Prestigiacomo is Vault.com's healthcare writer. She has a double bachelor’s in journalism and in radio/TV/film from The University of Texas at Austin.

Comments?  Send them to

© 2009 CNBC.com

Tools:
PrintEmailAdd This share icon
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 01:04:03 29 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:06:46 29 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:06:46 29 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:00:33 29 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters