Are you in the highest performing 75% or the lowest performing 25%?
A large U.S. hospital in the lowest performing 25 percent can face $1.1 million in lost reimbursement annually and it’s not much better for mid-sized hospitals. See below to understand the numbers behind the issue and what you can do about it.
1% reduction in Medicare reimbursement
= $1.1 million lost annually
1% reduction in Medicare reimbursement
= $602,000 lost annually
With 3M software and services, your hospital can identify real-time patient data and assess key information before the patient is discharged, helping your quality team identify and verify patient safety indicators (PSIs) and hospital-acquired conditions (HACs). An automated 3M system also helps improve communications between CDI reviewers and coders—yet another tool to help you decrease PSIs and HACs.
95% identification rate in PSIs and HACs
63% decrease in PSIs and HACs
Let's see how we can work together to optimize your organization today!
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