Readmissions
The numbers associated with hospital readmissions are staggering. According to AHRQ, there were approximately 3.3 million adult 30-day all-cause hospital readmissions in the U.S. in 2011, and they were associated with about $41.3 billion in hospital costs. Medicare had the largest share of total readmissions (55.9 percent) and associated costs for readmissions (58.2 percent), followed by Medicaid (20.6 percent and 18.4 percent, respectively). The remainder fell to privately or uninsured patient readmissions.
Many factors can contribute to costly hospital readmissions. By using predictive analytics, healthcare systems can proactively identify patients likely to be readmitted to the hospital within 30 days post-discharge. With this valuable knowledge in hand, care teams can implement targeted interventions with patients and caregivers to reduce the risk of readmission. These interventions can have a profound impact on patients’ health outcomes and quality of life, as well as the healthcare system’s financial wellbeing.
Did you know...
of patients are discharged with test results pending
of total readmissions in 2011 were Medicare patients
of Medicare patients are rehospitalized within 30 days of discharge
ClosedLoop Helps Medicare Provider Accurately Predict Readmissions
In only four weeks, Oak Street Health was able to integrate data from their EMR, medical and prescription claims, scheduling, and other systems into the ClosedLoop platform and create comprehensive risk profiles for each patient. Compared to their old scoring methods, the new ClosedLoop predictions were 37% more accurate.
Interested in Predicting Another Outcome?
Hospital Acquired Conditions & Infections
Annually, approximately 2 million patients suffer with HAIs in the U.S., and nearly 90,000 are estimated to die. The overall direct cost hospitals incur due to HAIs is estimated to be as high as $45 billion annually.
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Total Risk
The top 5% of all patients account for 50% of the total U.S. healthcare expenditures. Identify which patients have the highest overall risk in the next 6 months or year.
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Opioid Addiction
130 deaths per day result from the misuse of opioids. Physicians can write alternative scripts or offer different treatments to patients who are identified as likely to overuse.
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Appointment No-Shows
Costing more than $150B a year, missed appointments and late-cancels are a major problem for providers. Reduce scheduling difficulties by identifying patients likely to no-show.
learn moreSee How ClosedLoop Can Help Reduce Readmission Rates and the Total Cost of Care
Get in touch today to see a readmissions model on the ClosedLoop Platform.