New York estimates that its statewide health information exchange reduces healthcare costs by $160 million to $195 million dollars annually.
November 13, 2019 – Savings generated by the Statewide Health Information Network for New York (SHIN-NY) includes significant savings for both Medicaid and Medicare programs within the state.
Even if just current users of the HIE used its full capabilities, nearly $1 billion could be saved annually in costs associated with duplicate testing, avoidable hospitalizations and readmissions, and preventable emergency department visits, the state’s research notes.
Read the full article by Joseph Goedert on healthdatamanagement.com.