The American Journal of Managed Care Study Confirms Real Time Medical Systems’ Interventional Analytics Platform Significantly Reduces Readmissions Among Skilled Nursing Facilities
Study establishes pattern of outperformance among Penn Medicine’s Lancaster General Hospital associated SNFs utilizing company’s analytics platform, pointing to potential CMS cost savings of up to $2.8B annually
Baltimore, MD, June 04, 2024 – Real Time Medical Systems (Real Time), the KLAS Rated and HITRUST Certified post-acute analytics solution, announced today its published manuscript in The American Journal of Managed Care® (AJMC®), a peer-reviewed publication dedicated to disseminating clinical information to managed care physicians, clinical decision makers, and other healthcare professionals.
The publication, “Interventional Analytics in Skilled Nursing Facilities Associated With Reduced Readmissions,” focuses on how Penn Medicine’s Lancaster General Hospital (LGH) implemented Real Time’s post-acute interventional analytics (IA) platform to manage their patients in LGH-associated skilled nursing facilities (SNFs).
Results demonstrated LGH SNFs utilizing the analytics platform had estimated absolute reductions of readmissions rates that were 15.2%, 12.3%, and 13.1% lower than their state and national peers, as well as other SNFs in the same referral network that had not leveraged IA – representing a peak of 54.8% relative reduction. Additionally, the study found that LGH SNFs with IA also outperformed their peers on all 4 CMS claims-based quality metrics covering clinical, operational, and financial performance – an effort that if implemented across post-acute facilities nationwide, would represent a potential $2.8B annual savings to CMS.
“This study further validates the importance that shared patient data, coupled with Interventional Analytics has on allowing care teams to collaboratively work together to positively impact the quality of care for our nation’s seniors,” states Scott Rifkin, MD, executive chairman of Real Time. “We are proud that our platform continues to support Penn Medicine’s Lancaster General Hospital in substantially lowering rehospitalization rates among their SNF network, enabling true care collaboration to improve patient outcomes and decrease total costs of care.”
By having access to live patient data in post-acute care, LGH was able to influence care processes and target quality improvement initiatives across their network.
For more information on Real Time’s Interventional Analytics platform visit www.realtimemed.com.
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About Real Time Medical Systems
Real Time Medical Systems is the industry-leading, KLAS Rated, and HITRUST Certified Interventional Analytics solution that turns post-acute EHR data into actionable insights. Serving healthcare organizations nationwide, Real Time improves clinical, operational, and financial outcomes by reducing hospital admissions, accurately managing reimbursements, detecting early signs of infectious disease, automating antibiotic surveillance, and advancing care coordination through post-acute data transparency.
About Penn Medicine’s Lancaster General Hospital
Lancaster General Hospital is a 525-bed not-for-profit hospital located in Lancaster City. The hospital is a five-time recipient of the Magnet designation for excellence in clinical outcomes and patient safety by the American Nurses Credentialing Center (ANCC). A key component of the Penn Medicine health system, Lancaster General Hospital offers South Central Pennsylvania’s most advanced range of outpatient and inpatient specialty services including cardiology, orthopedics, pediatrics, a Level I Trauma Center, and critical-care units for trauma neurological care and medical and surgical intensive care (ICU). For more information, please visit www.LancasterGeneralHospital.org.
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