An effective financial model is required to drive widespread adoption and diffusion of health data exchange and Health Information Technology (HIT) within the region.  Financial incentives must be properly aligned, and a realistic business case and value proposition should be defined for health data exchange, HIT and future Inter-Medical Trading Area exchange.

Finance Tasks:

• Articulate the value on investment and the business case for investments in health information exchange within the region
• Identify the key financial beneficiaries of health information exchange and HIT
• Examine approaches and successful examples of financial strategies to increase adoption of HIT and health data exchange in efforts within the region
• Propose finance strategies for funding HIT and health data exchange (startup and long term), including the appropriate role of public and private sectors

• Identify specific financial actions required to support regional development of an exchange and sustainability
• Champion an implementation business plan for MiHIA

Major Milestones

• Development of an HIE Business Plan
• Overall MiHIA Business Model
• MiHIA Formal Governance Structure Recommendations