What is a Health Information Exchange, and how does it work?
An HIE, or Health Information Exchange, allows all medical professionals engaged in a patient’s care to share the patient’s medical records to improve patient care and outcomes. For better continuity of care, doctors, nurses, pharmacies, patients, and others securely share essential medical information.
It raises the standard of patient care in terms of quality, safety, timeliness, and cost. It does not replace or surpass doctor-patient contact, but it does improve the accuracy of a patient’s medical records by ensuring that all medical personnel is aware of critical information. Past medical history, current drugs, and other information relevant to the patient’s treatment and the result are all readily available.
Providers can avoid re-admissions and prescription errors by sharing information among all those involved in a patient’s care. They can also reduce redundant testing and enhance diagnoses by sharing information among all those involved in a patient’s care.
How Important are HIEs in Public Health?
Health information exchanges can take three different forms: direct, query-based, and consumer-mediated. Direct exchange is a method for sending patient information, such as patient referrals, laboratory orders and results, and discharge summaries, to another health care professional or facility simply and securely. Duplicate testing, gathering the same information many times, and prescription errors can all be avoided with this exchange.
Providers can seek and access clinical information on a patient via query-based exchanges. It is utilized by emergency room physicians to provide unscheduled care. The doctor has access to the patient’s medications, radiological pictures, and medical history.
Patients can obtain their health information through the consumer-mediated exchange. Patients can use the internet to complete tasks such as updating incorrect information or providing missing health data.
Advantages of Health Information Exchange
- Errors in clinical reports are avoided. Error reduction leads to cost savings and improves patient safety.
- Streamlines the coordination of care. Greater access to healthcare facilitates the coordination of care across contexts.
- Diagnoses are improved. When healthcare providers have more knowledge about their patients, they can provide better care.
- You’ll save time, referrals, and money. HIE’s digital platform promotes integrated patient care continuity while using fewer resources and time.
- Duplication of procedures and testing is avoided. Reduced testing improves patient satisfaction while also lowering costs and promoting value-based treatment.
- Reduces Patient revisits. Patient care is improved and hospital readmissions are reduced when diagnoses and treatments are administered on time.
- It aids public health authorities in population health studies by promoting correct data storage.
How can you figure out how much it will cost to build an HIE software system?
A provider’s electronic health record (EHR) can cost anywhere from $15 to $70,000, according to HealthIT.gov. Software as a service (SaaS) is used to install web-based applications for a monthly cost. The supplier is responsible for continuing support, maintenance, and data servers if the solution is constructed on-site. The upfront cost for onsite deployment is expected to be $33 thousand, with an annual cost of $4 thousand, for a total upfront cost of $48 thousand after 5 years.
The initial cost of SaaS is expected to be $26,000, with an annual cost of around $8,000. The anticipated five-year cost is $58 thousand. Hardware, software, IT specialist implementation, training, and ongoing network and maintenance costs are all included in these costs.
Creating a Health Information Exchange (HIE) System
The most significant part of HIE implementation is to hire a firm with a lot of experience and business understanding to help you get more bang for your buck. KPi-Tech is a Healthcare IT Services company that focuses on providing specialized technological solutions to businesses all over the world. We offer a high-level support system that you desperately need to enhance your business, based on our experience in US healthcare and IT services. Over the last decade, we’ve effectively offered comprehensive US Healthcare IT solutions through custom software development services. In the Domain Healthcare and Information Technology industries, we have increased sales and accelerated growth.
KPi-Tech’s cutting-edge Health Information Exchange Software Solutions aid healthcare professionals and businesses in increasing productivity and profitability. HIE interface creation, architecture engineering, HIE data aggregation, HIE mobile app solutions, HIE patient portal solutions, HIE data management solutions, and compliance standards are just a few of the services available. By delivering HIE Interoperability Solutions, the knowledge deployed delivers advanced, comprehensive, and seamless integration with numerous clinical data platforms. Contact KPi-Tech when you need the best knowledge for your company.