Health Information Exchange Where is it headed

1. Health Information Exchange Where is it headed?
© CureMD Healthcare

2. Health Information Exchange (HIE)
• Most of the health IT leaders feel that Health Information
Exchange has been flourishing while others feel that
successful HIE organizations are not that many and in
reality, successful exchange of health information has
become an uphill struggle
• According to some recent reports, the global HIE market
is projected to reach up to $900 million by 2018, showing
a compound annual growth rate of 9.5% compared to
2013
• Factors such as government incentives, improvements in
patient care and safety and reduction in healthcare costs
will largely be responsible for this growth

3. Health Information Exchange (HIE)
• There are other factors which might hinder the
progress of the HIE market altogether. They include
high implementation costs, slow ROI and
interoperability issues
• A KLAS Research report from March says that out of
the 219 HIE providers surveyed, satisfaction with the
solutions dropped an average of 8% since last year as
their demands continue to outgrow the pace of HIE
vendor delivery
• The report says grants are exhausted, public HIEs are
struggling and vendors focusing too much to deliver
long-term value

4. Health Information Exchange (HIE)
• An industry leader says, “The vendors are still
hesitant into making data available for HIE, because
they don’t know what lies ahead.” They are unaware
of what advantages they are giving up that they
worked so hard to create
• From the vendors’ point of view, it is pretty much
clear that one “winning” means some other “lost”
• In an ideal scenario, they need to come around to
the idea of transparently sharing patient information
that puts patients more in control of their healthcare

5. Health Information Exchange (HIE)
• Leading players in the market are so involved in their
own systems that they are not really making it easy
for the customers to pick and choose what they
would like
• They are not ready to give up their advantage as yet
• In more ways than one, demand has outpaced
delivery as vendors do not indulge into developing
things that technology doesn’t allow right now
• Partly, it is a technology issue while in some cases, it
could relate to the entire ecosystem

6. Health Information Exchange (HIE)
• So what is the real reason behind such a huge
difference of opinion between industry
professionals?
• How could industry leaders differ so much on HIEs?
• It could be because health IT executives are adopting
a wait-and-see approach
• They want someone to take the first step, monitor it,
and then see what it means for their organization
• There are plenty of reasons to be frustrated due to
HIE challenges at this point in time

7. Health Information Exchange (HIE)
• For the healthcare industry, HIE will be really
important for both provider organizations and
patients that they care for in the near future
• Ensuring a complete longitudinal view of patient data
across the entire healthcare continuum is almost
becoming a prerequisite for improved clinical
outcomes
• So despite the fact that we are unsure whether HIE
will be a success, one thing we all agree is that the
industry continues to move towards population
health management and risk-based care

8. Read more on blog.curemd.com
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exchange-where-is-it-headed/