Records issues are estimated to cost the US Healthcare system $30B annually.
Lacking interoperability, 3,000+ records systems across 400+ Electronic Health Records (EHR) platforms, detrimentally affects care quality and increases costs.
Records quality and administration is an acknowledged present day operational issue at scale:
– Admissions: 33,679,935
– U.S. Hospitals: 6,120
– Physicians: 989,320
ALL x 130 HIE’s
• Healthcare Provider Issues
– Clinical care inefficiencies: manual records administration, acquisition, access and document reconciliation.
– Clinical Errors: incomplete patient records increase risk and liability.
– Burn resources: significant operational burdens.
• Healthcare Organization Issues
(Hospitals, Clinics, HMO’s)
– Increased Costs: managing disparate systems, manual processes and records quality.
– Revenue Loss: incomplete records impact revenue remittance via claims accuracy and denials.
– Regulatory Risks: non-compliance 21st Century Cures Act and Federally required digital standards.
• Researchers and Public Health Organizations
– Incomplete Records: prevents robust, accurate monitoring.
– Poor Risk Assessment: Incomplete data hinders effective population health management and cost predictions.
– Missed Opportunities: inaccuracy and delayed assessments slow treatment interventions.