What The Onc 's Interoperability Roadmap Can Learn From The Banking Industry

1050 Words Mar 22nd, 2016 5 Pages
The finance and health sectors are often compared to one another. Both provide important services and are highly regulated. Physicians and financial advisers also play similar roles in guiding clients through numerous products and decisions, so that debt and disease may be avoided.
Where the two sectors differ is with their use of technology. IT systems have revolutionized financial services, and as a result, the banking industry has saved billions of dollars while offering consumers numerous conveniences. Beyond ATMs, consumers have been able to pay bills and make purchases online and via mobile devices.
Many in the healthcare sector are advocating for more robust IT solutions. As the Affordable Care Act continues to transform the industry by rewarding providers for positive outcomes, effective self-service tools and services are also needed.
What The ONC’s Interoperability Roadmap Can Learn from the Banking Industry
Recently the Office of the National Coordinator for Health Information technology (ONC) released its interoperability roadmap with the goal of national interoperability for a core data by the end of 2017. While it’s a definite step in the right direction, throughout the course of this initiative, stakeholders would do well to take a cue (or two) from the banking industry.
While some may argue banking is not as complicated as healthcare, the clearing and settlement of stocks, bonds and commodities are among the most complex, high-volume, secure…

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