Higher Stakes, Troubling Trends and New Ways to Take Control
This white paper examines the potential impact of recent CMS changes and other developing trends. It also covers the challenges facing hospitals, what they’re doing to meet them and why their efforts too often fall short. Lastly, it provides best practices in readmission reduction and explores strategies for implementing effective programs, including the use of new technology that can help hospitals predict and manage early readmissions for individual patients and patient populations in real time.
Six Strategies for Readmission Reduction Success
Although the CMS reports on readmission penalties could dishearten hospitals struggling to get their rates under control, one piece of news is encouraging: According to the Medicare Payment Advisory Commission, 75% (or 4.4 million) of Medicare hospital readmissions may be preventable. How can hospitals do a better job preventing avoidable readmissions? Read our Six Strategies for Readmission Reduction Success to find out.
"Hospitals are overconfident and underprepared"
Q-Centrix conducted an anonymous survey of 320 C-suite, senior-level and quality professionals from hospitals around the country to learn their perceptions of the current state of readmissions at their hospitals and their strategies for readmission reduction.
When it comes to readmission penalties, the survey data shows that hospitals are overconfident and underprepared. The percentage of hospitals penalized for readmissions has increased each year since CMS began imposing them—reaching a high of 78% for FY 2015. Yet three-quarters of hospitals feel confident in their ability to reduce readmissions and only 55% of them anticipate receiving a penalty for this year. Given the historical trend and the three additional diagnoses recently added, the percentage of hospitals penalized will likely be much higher than 55%. And though hospitals are applying multiple different reduction strategies, less than 1 in 5 utilize technology that's specific to reducing their readmissions, so they may not be doing all that they can.
Take a walk down memory lane with the Q-Centrix Readmission Timeline. Our infographic is a snapshot of the events that created a few troubling trends in hospital readmissions.