2008 is shaping up to be a banner year for digitized Health Care. There’s another announcement in the area of eHealth Care.
In Tennessee, statewide health care record management was signed into law in February. Nationwide only 20% of physicians are keeping digitized records of their patients’ histories. Tennessee will have a system that is being managed by a partnership entity jointly managed by AT&T and Covisint.
The Tennessee Covisint platform is called the eHealth Exchange Zone. It’s based on technology that Covisint developed for auto-industry supply chain secure messaging and data sharing. At the peak of the dot-com bubble, auto makers invested $200 million into the development of the Covisint venture. While that project never gained enough momentum to be judged successful, elements of the project have been pieced together and repurposed to form the basis for a hosted service that lets health care providers securely share patient clinical and administrative data.
The eHealth Exchange Zone fully conforms with the federal Health Insurance Portability and Accountability Act (HIPAA). For a small monthly fee ranging from just $3 to $100, doctors, hospitals and health information organizations will be able to share digitized patient data, like prescriptions, health lab records, and insurance eligibility.
It’s a major win for Covisint. In 2007, already 30% of their $40 million revenue was in the area of health care. In 2008 they expect the percentage to rise to 50%.
