Lake Health, a large provider serving Northeastern Ohio, has realized close to $1.5M in savings over six months by applying Jvion's predictive analytics application solution to help stop readmissions.
Lake Health - a private, not-for-profit provider serving Northeast Ohio - is using advanced artificial intelligence to realize major benefits. At the core of this program is a drive to reduce avoidable readmissions.
With the goal to go beyond the episode of care to enable wellness and health for the patient, Lake Health is empowering the system’s case managers with the solution's readmissions predictions. The outputs delivered to date have helped Lake Health drive an overall reduction in readmissions and save more than $100K per month.
This reduction in readmissions isn’t because the system is keeping patients longer. The savings that Lake Health is realizing are attributed to the improved ability to identify high-risk patients and apply the most effective intervention.
Every night, the Jvion's solution tool fires predictions for Lake Health’s current patient population. Risk information is delivered to the case management team who oversees all discharge activities. This “smart list” is driving proactive interventions that are reducing risk and increasing effectiveness. Care plans are developed based on risk and interventions are applied. Moreover, the longer the solution stays in place, the smarter it becomes at identifying individuals at risk of a readmission and delivering intervention information that will enable the best possible health outcomes.
Lake Health plans to continue to expand their use of advanced predictive capabilities to address other areas of patient health risk and enable the entire system for value-based models of care and reimbursement.