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Are you in the highest performing 75% or the lowest performing 25%?
Hospital-acquired conditions (HACs) and your bottom line
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
HAC scores and mid-sized hospitals
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In 2018, an estimated 26.3% of mid-sized U.S. hospitals will occupy the lowest performing quartile for HACs.* -
For mid-sized U.S. hospitals—those with 300-500 beds—annual median Medicare reimbursement adds up to approximately $60.2M*
1% reduction in Medicare reimbursement
= $602,000 lost annually
How can you stay out of the bottom quartile?
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
Ready to take the next step?
Let’s work together to optimize your organization. Send us a message or speak to a 3M representative at 1-800-367-2447 (available weekdays 7 a.m. to 3 p.m. CT).
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**The estimated figures were calculated using 2014-2016 MEDPAR data. Hospital bed sizes are based on information from AHA. **Results were provided by current 3M clients, one a multi-specialty, non-profit hospital and the other an academic, multi-specialty hospital. ##discLink1##
