The improvement, in addition to a 6.3 percent decrease in skilled nursing facility length of stay, led to Remedy Partners’ $500 million reduction in cost of unnecessary medical expenses during the 12-month period.
More than 1,000 healthcare locations across 43 states are involved in the company’s bundled payment program.
More articles on healthcare finance:
Federal judge to decide whether Illinois must expedite $2B in Medicaid payments owed to providers in budget stalemate
Mercy Health Network, AmeriHealth dodge split, helping 220k residents on Medicaid
NYC Health + Hospitals sees operating loss nearly double to $673M
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.