Navigation Links
PSI Brings its Pioneering Efforts to a Close
Date:9/20/2007

PLANO, Texas, Sept. 20 /PRNewswire/ -- After six years of pioneering leadership in national healthcare clinical information exchange, the Patient Safety Institute (PSI) has chosen to close its doors. The need is there and we hope that others will find and fund the opportunity to carry PSI's cutting-edge vision forward in new ways.

In its most important achievement, PSI demonstrated:

* the feasibility of community-wide access to available electronic

clinical information at the point of care for each patient,

* the capability of this model to be nationally scalable, and

* the means to build and operate the network on a self-funded basis.

PSI used lessons learned from Visa's earlier success in establishing a similar collaborative national information exchange network for secure financial transactions. PSI's model is now being emulated in many areas of health care by both government and industry entities.

PSI's other successes included:

* Formation of a national, third-party, multi-sectored, nonprofit

governance model that created the trust needed for multiple interests

to join together

* Demonstration (in Seattle) of a working healthcare clinical information

exchange that has:

- proven successful while in continuous operation over five years,

- commanded strong support and endorsements from hospital, physician

and consumer users, and

- been validated by independent experts to be nationally scalable.

* Articulation and implementation of strong principles for consumer

participation (including unwavering support for opt-in patient consent)

* Development of a self-funding model for the national electronic

healthcare information exchange (EHIX) network that has:

- been validated in concept by experts,

- resulted in the first and subsequent foundational work on

quantifying the value to payers from a national EHIX network, and

- produced the first work on quantifying the value to pharmaceutical

organizations from a national EHIX network.

* Creation of a regional "proof of concept" project (in Knoxville) with

all stakeholders primed and ready to demonstrate the viability of the

self-funding model, including:

- agreement and support from necessary major national players,

- available successful experience aggregated in building a national

information network, using the support and insights of Visa's

founder and CEO Emeritus,

- global financial services network partner for national expansion,

and

- strong bipartisan and industry support.

* Aggregation of a backlog of communities desiring to participate in the

PSI model following the self-funding demonstration

PSI recognized early that the most pressing problem facing regional health information organizations (RHIOs) would be the lack of a viable, permanent source of financial support. While public funding continues to be sought for these efforts, financial support has never been sufficiently available or with the necessary certainty to make RHIO's successful.

PSI's alternative--a private sector self-funding model similar to that used in the financial services industry--proved to be ahead of its time, despite strong evidence that it could enable a full, ubiquitous, collaborative, national healthcare clinical information exchange that would be viable, self-supporting and nationally scalable.

Following PSI's demonstrated technological success in Seattle, PSI spent two years developing the necessary self-funding economic model. However, PSI was not able to find the visionary financial leader(s) who were willing to provide the single final pump-priming investment necessary to validate and launch the self-funding model.

In assessing its experiences, PSI concluded that PSI and its self-funding model were unable to overcome certain perceptional barriers:

1. PSI's approach was seen as a complex process involving multiple

parties with mixed records of cooperation,

2. PSI's novel nonprofit governance approach was appreciated by industry,

providers and consumers, but was unfamiliar and seen as "too

different" to be accepted by the capital markets, and

3. PSI's encompassing solution was viewed skeptically because it

envisioned a small collaborative, representative nonprofit

organization accomplishing what had evaded so many major organizations

and industry experts over the years (and the skepticism remained

despite a plethora of national experts who said the PSI model should

work).

PSI thanks our Core Founding and Supporting Partners as well as others across the industry for their support, effort and cooperation that made progress toward the PSI vision possible. We appreciate the leaders who encouraged us to bring them a model community where they could assist in helping validate the model and then get it rolled out across the country. And most of all, we wish to recognize and thank the tireless and unrewarded effort and sacrifice of the PSI Board members and their respective organizations for enabling this journey of advancing a better healthcare for tomorrow.

We are proud of what we did; we wish we could have done more. We are hopeful that others take what we have accomplished and our "lessons learned" and move our approach or a similar one to national implementation.

http://www.ptsafety.org


'/>"/>
SOURCE Patient Safety Institute
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Lure of the home turf brings back NRI doctors
2. Fame brings wealth but not health
3. Education in women brings sounder sleep
4. Cancer drug brings relief to patients of Crohn’s Diseas
5. India’s smallest premature baby brings immense joy to Indian parent
6. Stardust Brings Interstellar Dust
7. Free HIV Tests Brings Crowd to the Testing Centers
8. Cyclone Glenda brings Threat of Fatal Mosquito–borne Diseas
9. Flying Eye Hospital Brings Hope for Eye Patients in Africa
10. Kalams Intervention Brings Hope to Orissa Student
11. Stress brings about early onset of puberty
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/28/2016)... Viejo, CA (PRWEB) , ... April 28, 2016 , ... ... use within Final Cut Pro X . With ProText Layouts, video editors ... tweak animations to match the length and scale of texts. Creating text-based videos ...
(Date:4/28/2016)... ... , ... Head Over Heels Athletic Arts’ gymnast, Brooklyn Varize, has qualified to ... at the University of Montana on April 28-May 1. Varize will compete on Saturday ... order to qualify, Varize needed to place top seven all-around in her respective age ...
(Date:4/28/2016)... ... April 28, 2016 , ... The ... successful events, attracting medical professionals from around the globe who attended a week’s ... Opening Ceremonies Sunday, April 17 included the introduction of the 2016 ARRS Distinguished ...
(Date:4/28/2016)... ... April 28, 2016 , ... Greener Hydroponics is now offering a ... frequently used by professional organic farmers and nurseries according to Sales Manager Joe Steele ... fabric pots. Our goal is to offer wholesale level pricing and ultra-fast shipping for ...
(Date:4/28/2016)... ... April 28, 2016 , ... Horizon ... collaborating with doctors and hospitals to make transformative changes in how health care ... therapy minds this week in discussing breakthroughs in cellular medicine to treat disease. ...
Breaking Medicine News(10 mins):
(Date:4/28/2016)... , April 28, 2016 Oramed ... a clinical-stage pharmaceutical company focused on the development of oral ... in the upcoming PIONEERS 2016 conference, presented by Joseph ... 2016 in New York . Nadav ... at the conference. Presentation Details:   ...
(Date:4/28/2016)... Florida , April 28, 2016 ... the development of innovative peptide and gene-based immunotherapeutics and vaccines ... it will be presenting at the 3rd Annual Growth ... - 5 th , 2016 at Caesars Palace in Las Vegas, ... 8.00 am on Wednesday, May 4 th by Dr. ...
(Date:4/27/2016)... , Schweiz, April 27, 2016 ... Sachs CEO Forums in Zürich gab Strekin ... führenden Wirkstoffkandidaten STR001 zur Erhaltung des Resthörvermögens ... wurde, bekannt. Für die umfassende Phase-II-Doppelblindstudie mit ... Frankreich angeworben. STR001 wird während der Operation ...
Breaking Medicine Technology: