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Providers report significant IT budget increases for 2024

According to a survey by Guidehouse, over 85% of health systems are increasing their digital and IT budgets in 2024, with a focus on areas such as cybersecurity and electronic health record modernization. This follows a reported 18.3% average increase in such budgets from 2019 to 2023. However, smaller hospitals are struggling to balance patient care with cybersecurity protections due to financial constraints.

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