4 18-13 presentation-future-of-healthcare-is-in-the-home
TRANSCRIPT
Axxess | 2013 1
The Future of Healthcare Delivery is in the Home
C. Sam SmithVice President – Business DevelopmentAxxess Technology SolutionsDallas, TX USA
Debbie CunninghamSupport and Implementation RepresentativeSenior Faculty, Billing and Chronic Care ManagementAxxess Technology SolutionsDallas, TX USA
Axxess | 2013 2
“If you had a choice between receiving quality healthcare at your home or in the hospital,
which of these would you choose?”
Axxess | 2013 3
Todays Learning Objectives
Understanding the dynamics of the healthcare industry
Hospital readmission rates and efficiencies
Cost comparison per patient day
Technology is making a difference
Axxess | 2013 4
There will be 73% more 65+ year olds in 2030than there were in 2010.
That’s nearly 30 million boomers in 20 years!
Axxess | 2013 5
As Teresa Lee, CEO of the Alliance for Home Health Quality and Innovation(AHHQI) puts it,
“Not only is home health the least expensive form of healthcare delivery, home care is the patient’s preference”.
Axxess | 2013 6
• Pre admittance counselling • Improved discharge notes • Care transitions
management• Care transitions coaching• Telephonic monitoring post
discharge• Case Management• Self Management -
education
All these are workflow/education/and/
management issues
Axxess | 2013 7
The top five reasons for patient readmissions to the hospital
1) Patients not fully understanding what’s wrong with them2)Patients being confused over which medications to
take and when3) Hospitals not providing patients or doctors with important information or
test results4)Patients not scheduling follow-up appointments with
their doctor5) Family members lacking proper knowledge to provide adequate care
Axxess | 2013 8
A study by the Alliance for Home Health Quality and Innovation took historical data to forecast potential savings of $10.3 billion over ten years (2014-2023) by reducing regional hospital readmissions through the use of home health as the first line to handle post-acute care episodes.
Axxess | 2013 9
The cost driver for these savings is the cost of a patient/day in comparison. Hospital stays cost 43X more than home health care in terms of patient days cost in dollars.
Not 43% (percent) more cost, 43.67 X (times) more costly!
Axxess | 2013 10
Technology is making a difference.
• Improved medical team communication and coordination
• Improved communication with the patient • Shift from “fee-for-service” treatment to
holistic Accountable Care Organization model
• Increased efficiency and competitiveness for even the smallest home health agencies
Axxess | 2013 11
The ones who will survive are the tool users. The technology adapters are the ones who will do more with less…and survive the change that is coming.