Reduce Hospital Readmissions with Predictive Analytics
Reducing long-term care hospital readmissions, which falls largely on the shoulders of long-term care providers, would have the most significant impact on lowering U.S. healthcare costs, according to a 2014 ASQ survey of health quality experts. Real Time equips clinicians with the real-time insights necessary to keep residents healthy and prevent unnecessary hospital readmissions.
With real-time healthcare analytics, long-term care providers can detect changes in a resident’s medical condition as they develop, empowering the clinical staff to intervene before the condition requires more extensive treatments or readmission to the hospital.
When a resident’s data indicates the potential for a negative outcome based on predefined parameters, the facility is presented with a clinical alert and specific intervention recommendations so assessment and treatment can be performed immediately.
Readmission Rates Cut in Half
Since implementing Real Time across ten facilities, a Northeast skilled nursing provider reduced hospital readmission rates by 52%. At the same time, Medicare revenue has increased by 3% and Medicaid revenue has improved by 10%.
Minimize the Risk of All Unnecessary Hospital Readmissions
While other systems analyze only Medicare or Managed Care residents, Real Time is payor-agnostic. Our healthcare analytics tools analyze all payors to give your facility a complete view of financial and clinical optimization opportunities.
Readmitting residents to the hospital is extremely damaging to your long-term care facility. Not only is your bottom line at risk, but your reputation in the community, among referring physicians and hospitals, and with your potential customers is at stake.
Excel in Value-based Care Models
Highlight your facility’s quality care and low hospital readmission metrics to potential ACO and MCO partners. Implementing Real Time will position your long-term care organization as a valued partner in risk-based models.
Real Time partners are sharing their great outcomes with their local hospitals and discharge planners. Being a preferred provider in their network has led to increased Medicare admissions and an increasingly positive reputation in the community.