Renovating Healthcare IT

Chapter 19IT Finance Assessment

DOI: 10.4324/9781003377023-22

In Chapter 7, we reviewed numerous aspects of IT finance, including operational and capital expenditures, budgeting challenges, and more. In this section, we will define various elements you can use to assess your IT finance function. Granted, some elements may be managed outside of IT, such as capital funding or depreciation expenses. Regardless of where these elements are managed, you can assess your IT finance capability both based on the IT function itself as well as the finance functions outside of IT.

IT Finance Views

You can begin by documenting your total expenses for various operational items (OpEx). An example is shown in Table 19.1. A basic list of OpEx items, by category, ...