As bundled payments and other alternative payment methods become more commonplace, hospital readmission rates and costs are dropping. MedBen Analytics has been working to ensure that hospitals realize the benefits of bundled payments ‒ benefits that will ultimately carry over to commercial health plans as well.
From HealthLeaders Media: “From 2007 to 2011, the all-cause 30-day hospital readmission rate for Medicare fee-for-service beneficiaries held steady at about 19% to 19.5%, according to the Centers for Medicare & Medicaid Services. But those rates fell to 18.5% in 2012 and 17.5% in 2013, CMS reports.”
MedBen Analytics is helping hospitals make the transition to value based payments, through an advanced reporting system that takes raw Medicare claims data and converts it into actionable reports. Using the insights offered, providers can make informed choices necessary to improve services.
When hospitals can see where opportunities for improvement lie, they benefit from higher returns on bundled payments. Patients and health plans benefit, too… from more focused care and lower costs.
Organizations interested in a demonstration of the MedBen Analytics system or additional information are welcome to contact MedBen President and COO at 888-633-2364 or kharden@medben.com.