ActualMeds’ recent webinar, “Reducing Readmissions with Pharmacist-Led Medication Reconciliation for Safer Transitions of Care,” revealed new results from a year-long initiative with SNF patients: a 6% readmission rate compared to the national SNF average of 22% – less than one-third of typical rates.
Addressing the $3 Billion Problem
Of the 5 million annual hospital readmissions in the US, 20% stem from medication-related problems costing $15 billion. For the nearly 20% of hospital discharges requiring short term rehabilitation Skilled Nursing Facilities (SNFs) account for $3B of that total. What’s even more troubling is that 70% are preventable, representing over $10 billion in avoidable costs Even per individual readmission, the financial stakes are high: preventable hospitalizations average $10,000, readmissions cost $16,000, and both hospitals and SNFs face reimbursement penalties for poor outcomes.
ActualMeds technology enabled platform for comprehensive medication management powers their nationwide network of over 100 clinical pharmacists to provide best practice medication reconciliation proven to play a key role in successful transitions of care.
Utilizing seamless data interoperability across the care continuum, combined with an evidence-based risk framework and process automation, ActualMeds, pharmacists can focus on providing care teams with key medication information, when and where it is needed rather than consuming valuable time chasing data,
Realizing Results with Major Impact
ActualMeds analyzed its nearly 30,000 medication reconciliation reviews conducted at admission over the past year with remarkable findings:
- 80% of patients had significant medication risks
- 1.3 recommendations per patient on average
- 20% of recommendations involved missing medications that were part of the patient’s at-home regimen, with over a thousand of those for chronic conditions, many without essential medications for serious conditions like diabetes – omissions that can quickly become life-threatening.
Overall, ActualMeds achieved a 6% readmission rate among 30,000 SNF patients versus the national average of 22%. This two-thirds reduction has potential for significant cost savings associated with SNF rehospitalizations.
Ready for Better Outcomes?
As value-based care takes root across the care continuum, organizations including SNFs will be taking more and more risk for patient outcomes as they collaborate with Payers and Providers to effect safer transitions of care. ActualMeds proves that scalable, cost-effective medication management can dramatically reduce readmissions while improving patient safety. Their technology-enabled approach delivers measurable ROI for payers, health systems, and most importantly, better outcomes for patients.
Watch the webinar recording to learn more and discover how ActualMeds' proven methodology could transform your care transitions.
