Tag Archives: ARRA
Healthcare organizations are currently engaged in major transformative initiatives. The American Recovery and Reinvestment Act of 2009 (ARRA) provided the healthcare industry incentives for the adoption and modernization of point-of-care computing solutions including electronic medical and health records (EMRs/EHRs). Funds have been allocated, and these projects are well on their way. In fact, the majority of hospitals in the US are engaged in implementing EPIC, a software platform that is essentially the ERP for healthcare.
These Cadillac systems are being deployed from scratch with very little data being ported from the old systems into the new. The result is a dearth of legacy applications running in aging hospital data centers, consuming every last penny of HIS budgets. Because the data still resides on those systems, hospital staff continues to use them making it difficult to shut down or retire.
Most of these legacy systems are not running on modern technology platforms – they run on systems such as HP Turbo Image, Intercache Mumps, and embedded proprietary databases. Finding people who know how to manage and maintain these systems is costly and risky – risky in that if data residing in those applications is subject to data retention requirements (patient records, etc.) and the data becomes inaccessible.
A different challenge for CFOs of these hospitals is the ROI on these EPIC implementations. Because these projects are multi-phased, multi-year, boards of directors are asking about the value realized from these investments. Many are coming up short because they are maintaining both applications in parallel. Relief will come when systems can be retired – but getting hospital staff and regulators to approve a retirement project requires evidence that they can still access data while adhering to compliance needs.
Many providers have overcome these hurdles by successfully implementing an application retirement strategy based on the Informatica Data Archive platform. Several of the largest pediatrics’ children’s hospitals in the US are either already saving or expecting to save $2 Million or more annually from retiring legacy applications. The savings come from:
- Eliminating software maintenance and license costs
- Eliminate hardware dependencies and costs
- Reduced storage requirements by 95% (data archived is stored in a highly compressed, accessible format)
- Improved efficiencies in IT by eliminating specialized processes or skills associated with legacy systems
- Freed IT resources – teams can spend more of their time working on innovations and new projects
Informatica Application Retirement Solutions for Healthcare provide hospitals with the ability to completely retire legacy applications, retire and maintain access to archive data for hospital staff. And with built in security and retention management, records managers and legal teams are satisfying compliance requirements. Contact your Informatica Healthcare team for more information on how you can get that EPIC ROI the board of directors is asking for.
Ignoring the current firestorm concerning health care reform that is sweeping the country; I would like to focus on the major health care event of 2009 that seems to have slipped under the radar but is the cornerstone of all future health care reform.
As part of the stimulus package known as the American Recovery and Reinvestment Act, the President signed the Health Information Technology for Economic and Clinical Health (HITECH) Act. This act includes billions of dollars in incentive payments through Medicare to digitize and automate the health care industry starting in 2011 and going until 2015, with the goal of providing the platform for the implementation of a nationwide interoperable, privacy-protected health information technology infrastructure. What this infrastructure will be is being worked out now by various committees established by the National Coordinator for Health Information Technology, Dr. David Blumenthal, M.D., M.P.P.. However, the starting point for these committees was defined, and incentive payments will only be dispersed if providers meet the following high level tenets: (more…)