Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home IT Management
    • IT Management

    Xerox Patient Readmission Forecaster Designed to Control Costs

    By
    Nathan Eddy
    -
    January 9, 2015
    Share
    Facebook
    Twitter
    Linkedin
      xerox and health it

      Midas+, a Xerox subsidiary, has developed a data-driven solution that estimates excessive readmission rates and the associated financial penalties for two fiscal years in the future.

      The Midas+ Readmission Penalty Forecaster’s near-real-time measurements include patients who are readmitted within 30 days to a different hospital.

      The announcement comes as hospitals with high Medicare patient readmission rates have just under six months to ramp up their reduction efforts and avoid stiffer financial penalties for patient readmissions.

      To avoid penalties, hospitals must prevent excessive readmissions in six clinical areas for Medicare patients discharged from July 2012 through June 2015.

      “In addition to readmission penalties, health care organizations are tasked with meeting and implementing new federal regulations and initiatives that set expectations for quality, coding, reimbursement and overall care delivery,” Justin Lanning, senior vice president and managing director of Xerox Healthcare Provider Solutions, told eWEEK. “Regulations such as ICD-10, HITECH/Meaningful Use and the Affordable Care Act, designed to improve care and efficiency, require time, money and resources.”

      In addition to the Forecaster offering two years lead time to improve performance, it also provides ongoing focused and targeted information to deploy a hospital’s resources that are crucial to the success of health care organizations in the world of value based care, Lanning said.

      To make predictions, the Forecaster crunches five years of Medicare data and links it to a patient’s record in the Midas+ analytics and workflow software platform.

      With machine learning technology, the system delivers up-to-date insights on patient admissions by leveraging real-time data on every aspect of the clinical care cycle from more than 1,900 hospitals.

      “The Forecaster is one offering within our comprehensive machine learning and analytics services that provides hospitals with actionable data to improve their overall efficiency,” Lanning said. “We are focused on applying national best practices while delivering customized process improvement programs to help hospitals improve transitions of care and prevent readmissions. In addition, Midas+ continually enhances our offerings to stay ahead of regulation and the health care analytics marketplace.”

      The Centers for Medicare and Medicaid Services (CMS) reduces hospital payments for Medicare beneficiaries if it deems rates of unnecessary and unplanned 30-day readmissions excessive.

      In 2014, hospitals faced $175 million in penalties, but that figure is expected to reach $424 million in 2015 as the maximum penalty recently increased 1 percent.

      “Replicating government risk models, the platform estimates excess readmission ratios with as much as 99 percent accuracy, allowing hospitals to plan and prepare for the financial impact, as much as two years in advance of the reports that CMS provides to hospitals,” he said. “In addition, on-site consultation enables hospitals to respond to areas of concern and implement strategies that help reduce readmissions, and ultimately, improve the quality of patient care.”

      Nathan Eddy
      A graduate of Northwestern University's Medill School of Journalism, Nathan was perviously the editor of gaming industry newsletter FierceGameBiz and has written for various consumer and tech publications including Popular Mechanics, Popular Science, CRN, and The Times of London. Currently based in Berlin, he released his first documentary film, The Absent Column, in 2013.

      MOST POPULAR ARTICLES

      Cybersecurity

      Visa’s Michael Jabbara on Cybersecurity and Digital...

      James Maguire - May 17, 2022 0
      I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer...
      Read more
      Big Data and Analytics

      Alteryx’s Suresh Vittal on the Democratization of...

      James Maguire - May 31, 2022 0
      I spoke with Suresh Vittal, Chief Product Officer at Alteryx, about the industry mega-shift toward making data analytics tools accessible to a company’s complete...
      Read more
      Big Data and Analytics

      GoodData CEO Roman Stanek on Business Intelligence...

      James Maguire - May 4, 2022 0
      I spoke with Roman Stanek, CEO of GoodData, about business intelligence, data as a service, and the frustration that many executives have with data...
      Read more
      Applications

      Cisco’s Thimaya Subaiya on Customer Experience in...

      James Maguire - May 10, 2022 0
      I spoke with Thimaya Subaiya, SVP and GM of Global Customer Experience at Cisco, about the factors that create good customer experience – and...
      Read more
      Cloud

      Yotascale CEO Asim Razzaq on Controlling Multicloud...

      James Maguire - May 5, 2022 0
      Asim Razzaq, CEO of Yotascale, provides guidance on understanding—and containing—the complex cost structure of multicloud computing. Among the topics we covered:  As you survey the...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×