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07.30.18 Health information technology (HIT) is "the application of information processing involving both computer hardware and software that deals with the storage, retrieval, sharing, and use of health care information, data, and knowledge for communication and decision making." Technology is a broad concept that deals with a species' usage and knowledge of tools and crafts, and how it affects a species' ability to control and adapt to its environment. However, a strict definition is elusive; "technology" can refer to material objects of use to humanity, such as machines, hardware or utensils, but can also encompass broader themes, including systems, methods of organization, and techniques. For HIT, technology represents computers and communications attributes that can be networked to build systems for moving health information. Informatics is yet another integral aspect of HIT.
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That’s why some employers are taking the directive into their own hands, said David Lansky, chief executive officer of the San Francisco-based nonprofit business coalition Pacific Business Group on Health and chairman of the Health Care Transformation Task Force. The task force’s membership, which includes health insurers and health-care providers, among others, has committed to having 75% of its businesses in value-based models by 2020. But it is hard work, said Jeff Micklos, the task force’s executive director, with numbers this year showing overall progress toward the goal at just over 40%.
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For information, quotes, policy service or coverage availability, please contact your local independent agent representing Cincinnati Insurance. Property and casualty coverages may be provided by The Cincinnati Insurance Company or one of its wholly owned subsidiaries, The Cincinnati Indemnity Company, The Cincinnati Casualty Company or The Cincinnati Specialty Underwriters Insurance Company. The Cincinnati Life Insurance Company provides life and disability income insurance and fixed annuities. Each insurer has sole financial responsibility for its own products. Not all subsidiaries operate in all states. Location: 6200 S. Gilmore Road, Fairfield, OH 45014-5141 Mailing address: P.O. Box 145496, Cincinnati, OH 45250-5496. Copyright © 2018 Cincinnati Financial Corporation. All rights reserved.
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