New EHR Business Model

December 12, 2006

In a report from HealthcareIT News, titled, “Vendor to offer web-based EHRs to docs in exchange for data“, a company called Practice Fusion is announcing an new business model for community physicians. It is a hosted model for EHRs where the company will discount their services and then sell  “de-identified data to insurance groups, clinical researchers and pharmaceutical companies.”  Can this business model work? Small practices might welcome a lower cost solution, however, they and their patients might be concerned about whether the data is fully deidentified and their privacy protected. Will the host vendor be covered by HIPAA?

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