Providers to benefit from data mining software with improved resident outcomes
Northfield, Ill., Oct. 3, 2017 – To decrease hospital readmissions from skilled nursing facilities, Medline Industries and Real Time Medical Systems today announced a partnership to expand the data mining software’s presence in the long-term care market.
Medicare is withholding more than $500 million in payments in fiscal 2017 under its readmissions reduction program, $100 million more than last year. As reimbursement gets tighter, hospitals look to skilled nursing partners to identify changes in resident condition as they happen to help reduce hospitalizations. Real Time Medical Systems has brought its platform, Real Time™, to market to help facilities react in real time to changes in resident daily living.
“Providers must be able to monitor real time data and use it in ways to improve outcomes that hospital systems are looking at,” says Scott Rifkin, M.D., founder of the Real Time platform and also co-founder of Mid-Atlantic Health Care, an east coast skilled nursing home chain. As a provider, he experienced the limitations of real time monitoring with traditional EMRs and created Real Time to help facilities improve resident care and increase revenue growth opportunities. “We wanted to know data when it was new and fresh enough to intervene in the healthcare of a patient. We looked at every EMR out there and just could not get real time data in ways that we could use it to address the daily changes in resident conditions.”
The platform, an application that sits on top of a facility’s EMR, analyzes 150 clinical data fields, provides recommended interventions to guide facilities and consolidates the data into a single report. Knowing that benchmarking on quality and outcomes is vital to…