In the retrospective study, Remedy evaluated 15,887 patients age 65 and older who participated Medicare’s bundled payment program. Outcomes were linked to spending over a 90-day episode, 90-day readmission and emergency department utilization.
The algorithm aims at determining the optimal next site of care for patients being discharged from hospitals. The goal was to help hospitals cut readmissions, ED use and overall spending costs.
Remedy found that when using the algorithm hospitals experienced an $860 decrease in spending, fewer readmissions and unchanged ED use over a 90-day episode.
The study was published in the June 2019 edition of The American Journal of Managed Care.
More articles about AI:
Language analysis of Facebook posts accurately predicts diabetes, depression, psychosis & more
Investors, accelerators urge AI startups to implement code of ethics
Harvard Business Review: 3 ways AI marketplaces will change radiology
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.