A new study suggests that the information available to physicians via the health information exchange has saved them a considerable amount of money treating patients. These savings have also translated into lower premium expenses for Medicare recipients.
According to a report conducted by the American College of Emergency Physicians (ACEP), enhanced access to patient data has not only improved the quality of care, but also helped doctors' offices save over $1 million in patient charges—or about $2,000 for every person treated.
Christine Carr, a primary care physician and study author, said the results are a win-win for patients and providers.
"Nearly 90% of participants said that quality of patient care was improved, and 82% of participants said that valuable time was saved, reporting a mean time savings of 105 minutes per patient," said Carr.
More specifically, an average of more than $2,000 was saved on unnecessary laboratory tests, more than $476,800 on radiology and $551,200 for unneeded hospital admissions.