Health Care Vision 2020

Business / Finance Work Group

Meeting Minutes of September 18, 2007

1.       Welcome and Introductions:  B. White welcomed all and facilitated introductions. 

2.       Health Care Vision 2020 Overview:  B. White provided an overview of HCV 2020.  There was some general discussion regarding the initiative and the overall community ‘buy-in’ to this planning process and related challenges and barriers.  Discussion also focused around the leadership expectations of the work group as the most critical in establishing the business case and value propositions for HIE as well as overall funding for HCV 2020. 

3.       Business Finance Work Group Charter Review:  B. White reviewed the charter and the general purpose of the work group. The Charter will be updated to reflect the need to address financing for all of HCV 2020 and related bridge funding for quality innovations as well as establishing the business model for the HIE. There was further discussion regarding the need to invest in building a HIE infrastructure that will have impact on transforming delivery in ambulatory settings, quality improvement by providing care management information at the moment of care.  This will require researching other communities’ financial evidence as well as collaboration with the eHI Value and Sustainability Model (VSM).  The four modules: market readiness, risk assessment, value propositions and financial pro forma, will be reviewed as part of the work plan process. Collaboration with the State MiHIN Resource Center will also be important. J. Ladd reported that BCBSM will collaborate with all regional HIEs as an administrative exchange. 

4.       Work Plan Review:  The work plan was reviewed by all with first assignments made regarding reading the MiHIN Conduit to Care report and investigating other HIE models.  HIEs from other communities around the country will also be reviewed at the October meeting.  The October meeting will focus on information sharing and further discussion as to how to execute the work plan processes. There was general discussion regarding how to should approach this work as a venture capitalist analyzing a start up business.  B. White also reported that a subject matter expert consultant will be recruited to assist with the technical aspects of this work and in executing the VSM modules.  Additional work group participants need to be recruited representative of the business community, health care CFOs, venture capitalists and business development experts.