Health Information Exchange: Making the Most of Your Investment - Joplin 

About the Program: The decision to participate in a health information exchange (HIE) can be complicated as one weighs the investment of dollars, time and effort in relationship to the returns realized in monetary as well as intangible benefits.

Simply stated, Return on Investment (ROI) measures the benefit an investment generates in relation to the cost of the investment. When considering the HIE ROI, the answer is different for each organization whether it be a practice, a facility, an Accountable Care Organization or an Advanced Alternative Payment Model.

This presentation is designed to provide health care professionals with the knowledge to evaluate the valuable benefits resulting from participation in a health information exchange. Financial gain can be determined by measuring the investment cost against the increased returns. The intangible gains can be measured in enhanced productivity and efficiency, reduced disruptions to workflow, improvements in care, and increases in risk adjustment scores and quality metrics. Employing aggregated longitudinal clinical data from an HIE means patient records are up-to-date, lab work and medications are current. The outcome is reduced time that physicians and staff spend searching for patient information.

Objectives

1. Define Return on Investment as applicable to health care professionals in their day-to-day interactions with patients.

.2. Analyze necessary investments and illustrate resulting benefits.

3. Provide examples of utilization of longitudinal medical records and application to care coordination.

4. Calculate the use of business intelligence analytics to improve patient care and impact an organization’s bottom line.

Program presented by Laura McCrary, Ed.D, Senior Vice President, KAMMCO and Executive Director, Kansas Health Information Network.