Excel Health Announces Availability of Annual 2017 Market Report
Atlanta, GA (PRWEB) June 04, 2018 -- Excel Health, the healthcare industry’s only source for current and complete outcomes data and performance analytics, announced today the availability of its Annual Home Health & Hospice Industry Trend Report that includes summary data through Q4 2017. This free report is made available to the entire healthcare industry in support of the company’s mission to support greater transparency, better patient outcomes and lower healthcare delivery costs. It can be found at http://www.excelhealthgroup.com/industrytrendreport. Customers of the Excel Health Market Intelligence Portal™ gained access to more granular, physician- and facility-specific data in early May.
“As we continue to dig deeper into the data we collect from billions of Medicare claims processed every year, we’re not only gaining new insights into discharge patterns by state, but also the effectiveness of post-acute care settings when it comes to rehospitalization rates,” said Ian Juliano, CEO of Excel Health. “As a company, we believe giving care systems visibility into national and local trends among patients, physicians and post-acute care provider will lead to higher care quality delivered more efficiently, while creating a better experience for patients.”
Key Observations Outlined in the Report
Excel Health’s public reports reveal national and state-specific trends every quarter and in this case, annual comparisons between 2016 and 2017. These reports pull from a subset of the company’s proprietary solution that includes detailed market share, performance analytics and quality metrics based on 100% of the most recent Medicare Part A and B claims data. Observations include:
- The hospice market experienced significant growth (6.5%) in admissions in 2017 when compared to 2016; with more than 1.3 million Medicare enrollees receiving hospice services. Hospice utilization rates grew over 1.5 percentage points to an average of 47.7% in 2017, compared to 46.3% in 2016. Hospice average length of stay (ALOS) averaged 62 days in 2017, but varied widely by state, which can be seen in the full report.
- The home health admissions rate remained relatively flat this year (0.5%) with more than 3.7 million traditional Medicare enrollees benefiting from home health services. There were significant discrepancies in admission rates by state, with four of the top 10 declining states having an active moratorium in place, prohibiting the opening of new agencies. On the flip side, 8 of the 10 growth states had fewer than 100 active home health agencies. These numbers indicate potential expansion opportunities in markets that are not yet saturated.
- New to the report this quarter is an analysis of discharge patterns. Nearly half (49%) of all patients who were discharged from an inpatient hospital did not receive post-acute care instructions in 2017. Of those who did, 22% were referred to skilled nursing facilities, 20% to home health, 5% to inpatient rehab facilities, 4% to hospice and 1% to long term care. Much like home health admissions rate, discharge patterns varied dramatically by state with home health varying from 8% to 30% of hospital inpatient discharges.
- In addition, the report takes a closer look at home health adherence rates. For patients who received instructions to receive home health benefits, an average of 30% did not follow through and receive the benefits. Excel Health found that patients that do not adhere to their home health instructions are 50% more likely to be readmitted than those that benefit from post-discharge skilled home healthcare. While this differential varies widely by state, every state has an opportunity to increase home health adherence and thereby reduce hospital readmission rates.
By releasing detailed insights into the patients care path upon leaving the acute and ambulatory settings as well as detailed data about the physicians who serve these patients, customers who leverage the full data through the Excel Health solution can accurately identify, in near real-time, opportunities for growth and operational improvements. Excel Health delivers meaningful insights into an easy to use system that empowers more than 3,000+ users to develop trusted-advisor relationships with their referral partners leading to increased market share.
To access the Annual Home Health & Hospice Industry Trend Report visit http://www.excelhealthgroup.com/industrytrendreport or to learn more about how your agency can use Excel Health to outperform your competition, please visit http://www.excelhealthgroup.com and request to speak with one of our data experts.
About Excel Health
Excel Health enables healthcare providers to thrive in the new paradigm of value-based care. With access to complete Medicare Part A and Part B data, refreshed quarterly with a one quarter lag, (over 1.25 billion claims annually), Excel Health has put the most current, comprehensive, and robust medical database in the world at your fingertips in our easy to use Home Health and Hospice portals. Our goal is for care networks to be constructed and providers selected based on care efficacy (superior outcomes) and care efficiency (reduced utilization). The potential of our suite of on-demand, cloud-based data solutions to profoundly impact healthcare and patient lives is immediately evident in client success stories. For more information, please visit: http://www.excelhealthgroup.com.
Julie Konieczka, Excel Health Group, http://ehgtrial.excelhealthgroup.com, +1 8155601495, [email protected]
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