The results are in: Telemedicine saves SNF in excess of $1.5 million
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Back in 2015-2016, a skilled nursing facility in Brooklyn took part in a yearlong case study centered on telehealth and its impact on aﬅer-hours performance. Cobble Hill Health Center tracked both clinical and economic outcomes, concluding that their implementation of TripleCare technology was a resounding success. The 365-bed facility shared its findings in a report published by The American Journal of Managed Care.
Banking the midnight oil
As evidenced in Cobble Hill’s comprehensive case study, data shows that telehealth could save the collective industry nearly $1.5B per year. Furthermore, facilities looking to prevent readmissions and maintain healthy census numbers benefit exponentially from the help of virtual physicians—especially aﬅer hours.
Since so many SNFs cannot afford to keep primary care providers onsite through the night, third-party support proves advantageous. The case study revealed a great reduction in unnecessary hospitalizations throughout the yearlong period; this resulted in fewer charges for transportation, higher Medicaid reimbursement and overall greater peace of mind for both patients and their families.
“Payers were the major financial benefactor of TC,” says the study. “Treating patients on site eliminated Medicare’s payment to the hospital, the emergency ambulance, and the facility for the skilled days that some of the patients would have received following a 3-day qualifying Medicare acute care stay.” Researchers concluded that smaller facilities (around 120 beds) would see estimated annual Medicare savings of around $500,000, which equates to $4,167 per individual bed.
Are you taking measures to improve aﬅer-hours care in your facility? How can we help you reduce costs, increase efficiency and enable better care?