New Reality: Data Trumps All
The majority of Shea’s volume is governed by a handful of contracts. The company has learned that it must have the information across the continuum—and both clinical and financial—in order to play ball.
The top outcomes measured are:
- Five-Star data from the Centers for Medicare & Medicaid Services;
- Return-to-hospital rates of 10 percent or lower;
- Mortality rates;
- Lengths of stay;
- Number of appeals; and
- Ability to say yes to 95 percent of admissions in 15 minutes or less.
If the company falls outside of ranges for certain metrics, there are financial penalties, including a contract becoming null and void. Otherwise, they’ll go elsewhere.
Demonstrating and measuring performance and outcomes is essential.