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- W2273786270 abstract "Significant returns are beginning to emerge from the development and implementation of health information exchange standards in the US. The Center for Information Technology Leadership has identified that standardisation of healthcare information exchange would deliver $US87 billion in annual savings. However as Healthcare organizations face continual and mounting financial and clinical pressures, quantifying return on investment continues to be an inhibiting challenge. In the face of these pressures, how do we justify the investment and maximise recognition of the returns from standards implementation? Managers often want evidence of 'real' bottom line returns before investing in a 'project'. Traditional commercial Return on Investment (ROI) models do not translate well into the health environment and require a different approach. Value chain analysis' has long been used in commercial industry as a way of measuring the benefit of activity. There is general consensus within the healthcare industry that 'standards' activity is important but the 'why' still sits in a grey area. In order to accelerate standards development and attract appropriate levels of resource it is necessary for the health industry to recognise that benefits need to be measured in more than financial terms and that improved outcomes in the safety and quality of patient care provide 'real' benefits." @default.
- W2273786270 created "2016-06-24" @default.
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- W2273786270 date "2004-01-01" @default.
- W2273786270 modified "2023-09-23" @default.
- W2273786270 title "Standards - What's The Value?" @default.
- W2273786270 hasPublicationYear "2004" @default.
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