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

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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 launc
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SOURCE Patient Safety Institute
Copyright©2007 PR Newswire.
All rights reserved

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