CommonWell is Banking on Nationwide Interoperability
CommonWell2023-01-31T04:35:28-06:00Many health IT industry experts have compared the evolution of health care interoperability to the banking industry, particularly in regards to the ATM network. Did you know that it took more than 50 years for Universal ATM access to be established from the time the first ATM was invented in 1939? [1] Or that multivendor software was only running on 28 percent of ATMs worldwide in 2012? [2] If we dig deeper, we discover that one of the challenges merchants and banks faced as the ATM system started to take off in the late 1980’s was dealing with the multiple standards being used. Sound familiar? Just take a brief look at their 50-year journey to see what it took for us to be able to access our money from almost any ATM. 1939 [...]