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[Media] - LTC minds meet and voila! — $3.5B in savings - McKnight's

By Prime Care Tech Marketing on Fri, Dec 14, 2018 @ 12:23 PM

 

In a recent McKnight's article, a group of LTC stakeholders were asked to uncover wasteful practices, and use of telemedicine ranked among the 'big three' as 'no-brainer' to save $3.5B:

1) Telemedicine not being used system-wide (projected for “at least” $1.3 billion of lost or wasted money each year)

2) Blood transfusions that are mandated by the Medicaid program only (not also Medicare) to be performed only in a hospital setting ($400 million), and

3) End-of-life care that is ill advisedly transferred to a hospital setting ($1.8 billion)

“In the next two to three years, any nursing home that doesn’t adopt telemedicine will not be competitive and economically will lose opportunities,” stated John Whitman, former nursing home administrator and Wharton School of Business professor who convened the cross-section of LTC stakeholders for the study.

Read the McKnight’s article.

Read more about Resident Telehealth Services from primeFORCE. 

 

 

Topics: virtual provider networks, primeFORCE Resident Telehealth, behavioral health assessment

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