Healthcare IT Governance: Review of Chapter 13 and HIS Selection

This assignment reviews Chapter 13, focusing on the IT Governance Institute's approach to healthcare IT (HIT) value realization and HIS (Health Information System) selection. The assignment highlights the IT Governance Institute's method, which employs a three-part strategy (governance of value, management of portfolio, and management of investment) to optimize HIT investment returns. The method begins with four key questions: Are we doing the right things? Are we doing it the right way? Are we getting benefits? Are we getting it done in the right manner? The approach involves eight steps, including fact sheet building, alignment analysis, financial and non-financial benefit analysis, risk assessment, optimization of risk alongside return, documentation of the business case, and a feedback mechanism. The rationale for choosing this model is its holistic approach, which provides a comprehensive framework for measuring, monitoring, and maximizing the realized value from HIT investments, unlike a simple “cookbook” methodology. The assignment emphasizes that the IT Governance Institute's method is a valuable tool for HIT leadership decision-making.

Running head: REVIEW CHAPTER 13 1
Review Chapter 13
Name
Institutional Affiliation

REVIEW CHAPTER 13 2
IT Governance Institute Approach: This method is described in chapter 13 by IT
Governance Institute (2006, 5) as a multipart (3-part strategy) initiative that supports HIT value
realization in reaction to the perceived need for firms to optimize the value realization from the
HIT investment. The IT Governance Institute approach begins by asking certain 4 significant
questions. The first question deals with strategic aspects and seeks to determine whether the
organization is doing the right thing. The second question deals with architecture aspect and
seeks to establish if the organization is doing it the right way while the third question looks at
value aspect to determine if the organization is getting benefits. The last question deals with
delivery aspect and seeks to determine of the organization is getting it done in the right manner.
Based on the 4 question, this approach uses three-part strategy which include governance of
value, management of portfolio, and management of investment to maximize HIT investment
return. It follows 8 steps including fact sheet building, analysis of alignment, analysis of
financial benefit, nonfinancial benefit, risk, optimizing risk alongside return, documentation of
business case and lastly, feedback mechanism.
Rationale for choice: This method provides a comprehensive framework that helps users
to measure, monitor, and maximize realized value from HIT investments. This model was chosen
because unlike a simple “cookbook” methodology, it effectively uses a holistic method to
realization of value. Even though it is never essentially diverse from cost-benefit analysis
alongside cost-effectiveness analyses approaches, this method was chosen since it is increasingly
accustomed to practicing HIT leadership decision-making.

REVIEW CHAPTER 13 3
References
Chapter 13: HIT Value Analysis