Health information technology is a significant tool that drives the manner in which hospitals, health systems and payers do business today, from both a marketplace and regulatory perspective. Federal rules and regulations mandate that providers comply with a host of billing, patient privacy/safety and Meaningful Use standards. For instance, with the recent implementation of the ICD-10 diagnostic codes, providers allocated tremendous financial and personnel resources to ensure regulatory compliance; electronic health record (EHR) interoperability facilitates the efficient flow of communication and information updates vital to a patient’s health; health IT and new digital apps have transformed the manner in which providers deliver care to patients; and health IT plays a vital role in advancing an organization’s revenue cycle management processes to reach financial and business goals.
