Financial Benefits
While several methodologies have emerged to attempt to deal with the problem of readmission rates, to date there have been two primary hurdles yet to be overcome:
- Most of the benefits to reduced readmissions have accrued not to the hospitals, but to the Payer
- Most of the costs of reducing readmissions are incurred by the hospitals, who are already tasked with cost reduction mandates while simultaneously (and paradoxically) the need to improve patient care.
Enter ReInforced Care™. Our comprehensive approach to reducing readmission rates removes the need for costly investments by hospitals, while at the same time improving the quality of care provided to the patient. Everyone wins.
In addition the patients love these calls and this is reflected in their satisfaction surveys. With Value Based Purchasing looming this will increase the revenue returned from the withhold. Doing the right thing can have a financial benefit.
Benefits of the ReInforced Care Solution to Reduce Readmissions
- No Cap Ex, staffing or infrastructure investment required
- Operating Costs do not increase when implementing - Positive ROI from reducing readmissions
- Readmissions are actually reduced – it works!
- Patient care improves beyond discharge
- Data Analysis & Reporting enables continuous learning & improvement
- Reducing readmissions increases available bed capacity, which can be backfilled with more profitable cases
- No significant organizational changes required
