Service helps hospitals develop strategies that can ultimately decrease readmissions so they can avoid Medicare penalties.
(PRINCETON, NJ, June 19, 2014) – BESLER Consulting, a leading provider of Medicare revenue enhancement and protection services for hospitals, is pleased to announce the launch of their Readmissions Analytics tool.
The CMS Hospital Readmissions Reduction Program (RRP) was effective for discharges beginning on October 1, 2012 and reduces payments to IPPS hospitals with excess readmissions. Over two thousand hospitals received reduced Medicare payments due to excess readmissions in 2014.
By enhancing a hospital’s QualityNet hospital-specific report with detailed historical claims information, physician details, diagnosis and procedure codes and patient demographics, BESLER Consulting delivers detailed analyses spotlighting underlying causes of readmissions. Customers receive dashboards and interactive charts and graphs allowing “what-if” analyses plus two hours of clinical experts’ time to review their facility-specific data and discuss strategies to reduce readmissions. Theses insights would be impossible to derive using the CMS-supplied data alone.
“Hospital readmissions penalties can have a major impact on the bottom line of a hospital,” said Jonathan Besler, BESLER’s President and Chief Executive Officer. “The ability to understand and subsequently manage potentially preventable readmissions is critical to hospitals and the patients they serve.”
BESLER Consulting will be premiering its Readmissions Analytics tool at booth 744 at the Healthcare Financial Management Association meeting in Las Vegas, June 22-25.
BESLER is offering a free version of the Readmissions Analytics tool that will allow hospitals to easily visualize and analyze the data in their QualityNet hospital-specific reports, and to understand the power of the full version of the tool.
About BESLER Consulting
For over 25 years, BESLER has helped hospitals recover otherwise lost revenue, increase reimbursement, ensure compliance, improve efficiency and reduce costs. BESLER’s deep domain experience in revenue cycle, reimbursement, compliance and unmatched software solutions has resulted in more than one billion dollars of additional revenue for our clients. For more information, visit www.besler.com.