Study Conducted by TRECS Institute Underway at Three Facilities to Determine Impact on Reducing Avoidable Hospitalizations
TripleCare, a national provider of telemedicine-based healthcare services to skilled nursing facilities (SNFs), announced today that the company has been selected to participate in a Centers for Medicare and Medicaid Services (CMS) study evaluating the cost effectiveness of telemedicine utilization in SNFs.
In this study, made possible through CMS and Florida’s Agency for Health Care Administration under the agency’s Civil Money Penalty Grants Program, TripleCare and TRECS are bringing virtual physician services to three Florida-based SNFs, including: Braden River Rehabilitation Center, Bradenton; Tiffany Hall Nursing and Rehabilitation Center, Port St. Lucie; and, Moultrie Creek Nursing and Rehab, St. Augustine.
In a recent, separate TRECS study during which TripleCare provided virtual physician services, both a dramatic improvement in the quality of patient care delivered as well as a significant financial benefit were reported: 91 instances of hospital admissions/readmissions were averted, resulting in more than $1.3 million in savings for Medicare. Additionally, results revealed positive increases in net revenue for the study facility, which significantly exceeded the cost of TripleCare’s services, thereby improving both top- and bottom-line financial performance for the SNF.
John Whitman, executive director at TRECS, believes that soon every nursing facility in America will be utilizing virtual physician services. He said: “Studies show that approximately 60-70 percent of all nursing home transfers to the hospital are unnecessary. Sending a vulnerable senior to the hospital only increases their exposure to a wide range of other proven, adverse effects. TRECS and TripleCare have clearly demonstrated a better patient care model that not only reduces avoidable hospitalizations and improves clinical outcomes but also generates positive economic impact for both CMS and participating SNFs.”
About the Agency for Health Care Administration
The Agency for Health Care Administration is committed to better health care for all Floridians. The Agency administers Florida’s Medicaid program, licenses and regulates more than 49,500 health care facilities and 43 health plans, and publishes health care data and statistics at www.FloridaHealthFinder.gov. The Agency oversees the Civil Money Penalty projects approved by the Centers for Medicare and Medicaid Services (CMS) for Florida projects. These projects are aimed at improving the quality of life and care of nursing home residents. For more information about these projects and how to apply, visit the Agency’s website. Additional information about Agency initiatives is available via Facebook (AHCAFlorida), Twitter (@AHCA_FL) and YouTube (/AHCAFlorida).
About TRECS Institute
Chalfont, Pa.-based The TRECS Institute (Targeting Revolutionary Elder Care Solutions), founded in 2004, is a 501(c)(3) not-for-profit organization dedicated to improving care for seniors nationwide, which reduces costs for the U.S. healthcare system. Since its founding, TRECS has conducted studies and held national summits on topics relating to the nation’s 15,000 nursing facilities in operation, as well as the outlook for the future of America’s nursing home industry.
New York, N.Y.-based TripleCare is a national provider of telemedicine-based healthcare services to skilled nursing facilities (SNFs). The Company brings highly trained physicians to patients’ bedsides, via advanced technology, which enables patients to receive timely interventions when a change of condition occurs. As an experienced telemedicine provider bringing care to patients since 2008, TripleCare is contracted with more than 60 skilled nursing facilities across 11 states. TripleCare’s proven implementation and service approach benefits patients, families, providers and SNFs.
TripleCare was recently identified as a leading telemedicine provider in the post-acute environment by The Advisory Board Company, a health care research and consulting firm located in Washington, D.C.