Open Banking and Electronic Health Records.

The Open Banking model is a data sharing model emerging in financial services sector that involves technological and regulatory innovations designed to facilitate access to banking records by third party providers such as payment service providers. The model is predicted to disrupt financial services and encourage a wave of new third-party providers offering innovative services that will change the relationship between customers and banks. This article juxtaposes the Open Banking model against models for electronic health records. Providers that could supply innovative third party services with health record data if an Open Banking model were adopted in the health care industry are advanced.