The ROI Of Care Team Collaboration: Increase Efficiency And Reduce Costs

Hospitals are under more scrutiny now than ever before. Strict regulations require facilities to hit goals in certain areas of patient care to avoid being fined and penalized. For example, if a patient is readmitted to a hospital within 30 days of discharge, the hospital receives a strike from the Centers for Medicare and Medicaid. After so many strikes within a given year, the hospital loses 3% percent of its annual income from Medicare. Additionally, any patient readmitted within the 30 day threshold results in a loss of income for the hospital from the first visit. ED throughput is similar to readmissions – hospitals are penalized an additional 2% of Medicare income if ED throughput times are over 175 minutes. The combination of these two core measures, and other factors, such as costly transfers ($25,000 per patient), can cost hospitals a significant amount of money if the requirements are not met.

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