Healthcare is badly in need of some cost-savings. A new study suggests that a change in the way we keep health records could save billions. Last week the industry got a look at a cost-benefit model for personal health records. According to the report, widespread use of PHRs could save the US healthcare industry between $13 and $21 billion a year.
The Center for Information Technology Leadership (CITL), a nonprofit IT research center based at Partners HealthCare System in Boston, offers the projections in the study “The Value of Personal Health Records.” The study describes an evidence-based model that estimates the industry costs and benefits of four different PHR architectures. The study is the first of its kind to examine the different PHR architectures and show their direct cost savings to healthcare providers and payers, CITL officials say. (more…)

