NASHVILLE, Tenn., Nov. 12 /PRNewswire-FirstCall/ -- The Advisory Council for the U.S. Healthcare Efficiency Index(TM) (Index), founded by Emdeon (NYSE: EM), today announced the launch of the National Data Collection Center for the primary research phase of the Index and the addition of new members.
The Index is an industry forum for monitoring business efficiency in healthcare and tracking the transition from a paper- and phone-based healthcare system to an electronic one. A primary goal of the Index is to raise awareness of potential savings and how those dollars could be better used to fund delivery of care or offset costs of longer-term healthcare reforms.
The first phase of the Index, launched in December 2008, focused on analyzing industry data available through research reports and other sources. Phase 1 of the Index identified an estimated $300 billion in potential savings over ten years for five basic medical claims-related transactions. The second phase, launched this week, marks the beginning of primary data collection, beginning with major healthcare payers. Payers will submit data to the Index National Data Collection Center, through a secure, password protected web portal. The non-identifiable data will be sent to statisticians at Scheuren - Ruffner, where it will be aggregated and analyzed. Milliman, Inc., a global consulting and actuarial firm, will then validate the findings based on the methodology developed and approved by the Advisory Council. The findings will be published as part of the first National Progress Report on Healthcare Efficiency which is planned for release in early 2010.
Five transactions are currently being tracked to measure electronic adoption and to facilitate calculation of the associated cost savings:
Copyright©2009 PR Newswire.
All rights reserved