The High Cost of Hospital Readmissions
A hospital “readmission” is the return of a patient to a hospital within 30 days of being discharged from a hospital. Readmissions cost U.S. taxpayers and insurance companies billions of dollars each year. To combat this high cost, hospitals and other health systems are penalized for readmissions.
$17 billion
Annual Cost to U.S. Taxpayers of Preventable Patient Readmissions to Hospitals
$428,000,000
Readmission Penalties Paid by Hospitals in 2015, up from $227 Million in 2014.
48%
of Senior Hospitalizations are Preventable with Proper Care at Home
Proven Process
Step 1: Stratify Risk
Our home care experts will begin by stratifying a client’s risk profile at home and re-evaluating that risk on a regular basis
Step 2: Develop Care Plan
A home care expert will develop a customized care plan based on the client’s personalized risk profile.
Step 3: Clinically Manage Care
A dedicated team of experts will manage the care of each client according to the care plan. Each team consists of dedicated home care experts and the support of a nurse, all working together to improve outcomes.
Better Care, Better Outcomes
Home care is a highly fragmented industry that has not yet benefited from a consolidation of best practices that would ensure a better standard of care and better health outcomes. Genova is changing that.
Our clients are hospitalized less*
*As reported by the American Hospital Association. Hospital Readmission Rates measure the percentage of patients that, upon discharge from a hospital, are readmitted to a hospital within 30 days.
Our Clients Recommend Us More**
Industry Average
Genova***
**Measures the willingness of patients and their families to recommend a company’s services to others.
*** As reported by Home Care Pulse