Driving Readmissions Down and Care Value Up
Hospital admissions are costly enough without the added burden of readmission. This readmission cycle is costly not only to the patient, but also to hospitals themselves. According to research from the Kaiser Family Foundation, total Medicare penalties assessed on hospitals for readmissions was $ 528 million in 20171
With the Affordable Care Act mandating these penalties on hospitals with high admission rates, the pressure to transition into a more value-based system of healthcare has become paramount to a hospital’s success.
Value-based care is on the path to replace more traditional fee-for-service care. In value-based care doctors are incentivized to create coordinated care for patients, often via remote technology that helps them stay out of the hospital longer. This approach can also aid doctors in providing more tailored treatments for patients based on their unique health profiles and circumstances, rather than relying on costly and less effective one-size-fits-all options.
One such remote care solution is the Intel® Health Application Platform—software that, when coupled with an Intel-architecture-based design specification implemented by a third-party hardware vendor such as Flex*, can help enable healthcare solution providers to securely and reliably deliver distributed healthcare services across an always-connected and ever-expanding healthcare edge and to any cloud.
The Intel Health Application Platform leverages Internet of Things (IoT) technology to allow healthcare ecosystem solution providers to enable impactful care for remote patients with improved treatment results at a lowered cost. Not only does monitoring remotely help patients stay healthy and out of the hospital, the connectivity of the Intel Health Application Platform can make transmitting and capturing patient data cost-effective and efficient.
The growth of remote care and the data it provides not only help deliver more targeted care to individuals, but, over time and once de-identified, can also influence treatments (and thus readmission rates) across entire populations around the world. And with a host of built-in security features, the Intel Health Application Platform can help share data safely and without compromising privacy. By enhancing this data sharing process, hospitals and the care continuum overall can improve patient outcomes across the board.
It’s projected that the number of remotely monitored patients will reach 36.1 million by 20202, meaning it behooves medical professionals to invest in this technology now to keep up with the trend. The Intel Health Application Platform, when implemented by a third-party hardware vendor, can offer healthcare solution providers and their customers an elegant, efficient, and cost-effective way to deliver better patient outcomes—allowing hospitals to spend less time thinking about readmission and more time thinking about powering a healthier world.
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