What Each Stakeholder Stands to Gain from TEFCA Nationwide Health Data Exchange
The Trusted Exchange Framework and Common Agreement (TEFCA) is a game-changer for healthcare interoperability, offering a standardized, nationwide approach to health information exchange. But what exactly does TEFCA bring to the table for different stakeholders in the healthcare ecosystem? Let’s explore.
1. For Patients: Better Access and Empowerment
TEFCA ensures that patients can access their health data securely and easily, no matter where they receive care. This enables:
Greater Control: Patients can share their data with providers, caregivers, or apps as needed.
Accelerated Prior authorization: Patients should be able to access their insurance records and data needed for approval of a treatment or to facilitate a second opinion.
2. For Providers: Seamless Care Coordination
Healthcare providers benefit from real-time access to patient information across networks, leading to:
Improve Care: Providers will have access to fuller array of information for clinical decision-making.
Improve care coordination: With few barriers to connection and greater access to information, care coordination becomes easy.
Value-based care: As Providers take on more responsibility to manage the care of populations, they need information outside of their own organizations.
3. For State Governments & Public Health : Data-Driven Insights
TEFCA supports public health efforts by enabling timely data sharing for:
Disease Surveillance: Real-time data exchange aids in tracking outbreaks and epidemics.
Population Health Management: Improve access to Population health data
Emergency Preparedness: Facilitate emergency preparedness and response.
4. For Payer Community: Cost Savings and Improved Efficiency
Health plans and payers gain from standardized data exchange that streamlines processes:
Closing care gaps: Efficient information sharing allows health plans to have aa more complete picture of the care an enrollee has received and helps to close care gaps.
Support value-based care and population health: Having broader access to demographic and other health data will enable analytics regarding trends in chronic disease and disparities across population groups.
Conclusion
TEFCA lays the groundwork for a more connected and efficient healthcare system.The future of healthcare is collaborative. With TEFCA, we’re taking a giant leap toward making it a reality.