Debate has followed the proposed delay of ICD-10, with the healthcare industry arguing whether the call to push back compliance to Oct. 1, 2014 was a political move aimed at appeasing powerful sectors of the healthcare industry or a necessary action to give a struggling industry more time to convert to a complex code set.
Large health systems and their IT vendors are creating private information exchange networks at a time when federally funded state operations are gearing up for launch. Is there room for private and public offerings in the new HIE marketplace?
Health information exchange is about more than just connecting providers for the electronic transfer of records. Direct financial benefits can also result from this exchange. Accountable care organizations (ACOs), which incentivize competing providers to link together and exchange data in order to lower costs and share savings, are becoming a true market driver for private and public HIE development.