Annual health information exchange survey shows positive ROI
A growing number of providers and health plans surveyed by the eHealth Initiative report a positive return on their healthcare exchange investments, according to eHi’s fifth annual survey, released Thursday.
For the first time in an eHi survey, a majority (69 percent) of respondents reported a positive financial return on their investment for participating stakeholders, including health plans, hospitals, laboratories and physician practices.
In 2007, 31 percent reported a positive ROI.
The electronic exchange of health information between physicians, hospitals, health plans and patients is decreasing the cost of care and improving outcomes, the survey found. The reported savings came through elimination of redundant tests, fewer hospital stays for medication errors, decreased costs of caring for chronically ill patients and reduced staff time spent on administration, those surveyed reported.