Final 2022 Annual Report (2) - Flipbook - Page 11
MIHIN BY THE NUMBERS & AT SCALE
MiHIN is a non-profit charged to achieve financial sustainability.
Through a diversified funding model, our statewide infrastructure is supported by the federal and state
government, hospitals, health systems, health plans, and pharmacies which subscribe to use cases and
purchase services and tools, so as to keep costs down for individual providers, including physicians,
nurse practitioners, physician assistants, nurses, respiratory therapists, dentists, pharmacists,
occupational therapists, physical and behavior therapists, as well as allied health professionals such as
phlebotomists, medical laboratory scientists, dieticians, and social workers.
Health information exchange is a high fixed cost business. The shared digital infrastructure maintaining
clinical and reporting structures necessitates an architecture that is secured and hardened and yet
flexible for innovation (see page 7 re: Migrating our Technical Environment.)
Our greatest asset at MiHIN is our people and their unwavering commitment to the ultimate public
benefit of a collaboratively governed, non-profit, statewide, health data utility.
OPERATING REVENUE
FY 2022*
$44,440,926
SOURCES OF REVENUE
FY 2022*
OPERATING EXPENSES
FY 2022*
21%
28%
33%
79%
39%
Federal, State & Michigan Stakeholder Funding
MiHIN Partnerships Earned Revenue
Maintenance & Operations
Technology
People
PROVIDER INCENTIVES FOR
HIE PARTICIPATION
FY 2022*
SOURCES OF
GOV'T REVENUE
FY 2022*
33M**
15%
85%
6.6M
1M
Federal Financial Participation
State of Michigan
MiHIN discounts to health plans for offering provider incentives
Provider expenses for HIE participation
* FY22 is made up of Unaudited numbers
** Estimate based on past years totals
Incentives for HIE participation from health plans
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