WVHCA Report: $1.1B Cost Saving from Adoption of HIT
iHealthBeat reports on the release of a new report prepared by CCRC Actuaries for the West Virginia Health Care Authority. (Note: Anyone have a link to the full report? I can’t find one yet?)
According to the articles, the report indicates that the adoption of health information technology (HIT) and implementation of centralized medical care through medical home concepts could save West Virginia’s health care system more than $1.1B in 2014. The estimates in the report used insurance claims data from more that 800,000 West Virginia residents, including data from Medicaid and Mountain State Blue Cross Blue Shield.
More details in the AP article by Tom Breen from the Charleston Gazette and Washington Post, Report: Health strategy could save W.Va. $1B.
The Washington Post article indicates:
. . . In the case of electronic prescriptions, the report estimates an overall savings of $164 million in 2014, including nearly $51 million in savings to private insurers and $42 million in savings to policyholders. . .
. . . The report estimates that a statewide rollout of medical homes would cost about $45 million up front and incur ongoing costs of about $368 million . . .
. . . Estimates suggest that about nine in 10 health […]
Read more this great post here
