CMS reports that 76 percent of hospital readmissions within 30 days are preventable. The potential savings associated with preventing readmissions is estimated to be $31 billion annually so that accountable care organizations and hospitals are looking at ways to cut costs.
Predixion Software, a developer of collaborative predictive analytics solutions and the Indiana Health Information Exchange (IHIE) have formed a strategic partnership to jointly develop predictive health analytics solutions to prevent hospital readmissions. With more than 90 of Indiana’s 120 hospitals connected to IHIE, the exchange will use the predictive analytics solution to help accountable care organizations and hospitals across the state.
IHIE maintains the country’s largest inter-organizational clinical data repository, called the Indian Network for Patient Care (INPC), a statewide network to provide physicians with virtual longitudinal patient records.
The INPC consists of more than 20 terabytes of data and 10 million unique patient records, handles over a million secure health transactions daily, and contains three billion pieces of clinical data, 80 million radiology images, 50 million text reports, and 750,000 EKG readings.
The Predixion Readmission Insight solution is going to provide Indiana accountable care organizations and hospitals with a risk stratification of their patients to help them determine proactive intervention opportunities. The risk stratification will be available as either a data feed or via a tablet-based thin client module.