Resolving Health Exchange Integration through Healthcare IT

Jul 2
13:23

2013

sammy smith

sammy smith

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Health exchange integration is an impending challenge that has been perplexing insurance carriers, organizations, states and consumers alike. Confounded by requirements and clauses of the Patient Protection and Affordable Care Act(PPACA), insurance carriers are trying to figure out means to comply to the requirements of the health exchange law effectively.

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Confused between creating their own health exchange and defecting to federal exchange,Resolving Health Exchange Integration through Healthcare IT Articles state governments are still playing the wait and watch game. In the midst of all this, the end user, the average American, is waiting to find answers to several doubts related to health reforms.
Each stakeholder affected by the upcoming change in the health insurance industry of America is looking for answers to these crucial questions. Fortunately, there are some who have found a way to clarify these doubts and lay down guidelines in stone. These evangelists are healthcare IT firms which, through the means of IT, have been looking to resolve the challenges of healthcare exchange integration. 
That brings us to the question, what is Healthcare IT and how is it helping us find answers to these pressing questions? In its entirety, healthcare IT is the marriage of healthcare domain expertise and information technology. Healthcare IT brings together the needs and requirements of healthcare domain and works to solve it through software solutions. For instance, analyzing patient data through complex data storage and mining tools and using it for calculation of premiums, that’s healthcare IT for you. 
The implications of using IT in the healthcare domain are limitless, but let’s tie it to the major challenge of PPACA, health exchange integration. Through IT, insurance carriers can collate their products and affect data interchange and delivery which complies with the norms of the law. Products like exchange managers can manage delivery of insurance plans, processing of payments, enrollment and guideline compliance for their parent insurance carriers. IT can also establish a medium through which disparate systems interact with each other and coordinate information dissemination and delineation. Insurance carriers can also instrument coordination between their preexisting systems and new IT mechanisms for health exchange integration. On the other hand, buyers can find a collation of different resources, plans, and any information that can influence their insurance buying decision. 
All in all, the efforts of IT firms specializing in healthcare technology can be utilized by insurance carriers, buyers and state governments. In the turbulence caused by health reforms, healthcare IT firms are going to serve as the guiding light for a better, streamlined marketplace comprising carriers, buyers and government.