Healthcare News & Insights

HIEs too expensive for many practices

Though health information exchanges are starting to catch on, there are still many hospitals finding the cost is too high.

That’s the gist of a recent story in the Boulder County Business Report about the Colorado Regional Health Information Organization (CRHIO).

The CHRIO is being created with more than $9 million in federal and state grants. However, once those funds are used, the information exchange will be funded through doctor subscription fees, set at $85 per month, per doctor.

Though more than 27 hospitals and nearly 400 doctors have signed up for the statewide exchange, many practices and hospitals are finding the costs to be prohibitive, the story says. In addition to subscription fees, joining the exchange will require an estimated $2,500 to $5,000 to train office staff.

HIEs are gaining popularity, though, as providers see a lot of value in them. One survey says 80% of hospitals are using an exchange or plan to use one soon.

What about your organization? Are you using or considering an HIE? Let us know in the comments section below.

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