Remedy Partners latest results show $500 million reduced cost of care and lowered rates of hospital readmission and SNF days
DARIEN, Connecticut [June 6, 2017] … Remedy Partners, the episodes of care company and provider of data-driven technology and services for value-based care, today announced results that demonstrate the positive impact of bundled payments. Remedy Partners delivers proven value-based care solutions that enable payers, employers and providers bearing risk to organize and finance healthcare delivery for a patient’s episode of care through data-driven technologies.
In data that covers the past 12 months of performance, Remedy reported a $500 million reduction in the cost of unnecessary medical expense from its bundled payments programs at more than 1,000 healthcare locations in 43 states. These cost reductions were accomplished by a number of leading quality improvements that support a patient-centric approach, such as reduction in hospital readmissions by 6.1% and a 6.3% reduction in Skilled Nursing Facility (SNF) length of stay.
In addition to these outcomes, Remedy shared that the Company has achieved over 1,000 unique Electronic Health Record (EHR) connectivity integrations, which includes tens of millions of monthly dynamic interfaces with all the major systems used nationwide. The ability to share real-time information with EHRs and the Remedy Partners data-driven technology platform, Episode Connect™, enables the coordinated care that is a hallmark of the value-based approach.