Latest analysis reveals that Home Health patient counts are at a record high
Atlanta, GA –Excel Health, the leading source for current and complete post-acute outcomes data and performance analytics for the healthcare industry, announced today the availability of its post-acute care activity data for the Second Quarter of 2018. Excel Health customers leverage the software solution to identify new referral sources, track referral patterns and benchmark quality performance metrics against peers in their service areas. Being the first post-acute care providers to receive the data, Excel Health customers gain first-mover advantage and can now confidently pursue their growth strategies, knowing their strategies are built on the most timely and complete data available.
Summary of Q2 2018 Post-Acute Activity
- Medicare Beneficiaries Growth: The number of Medicare beneficiaries grew to a total of 58.2 million, +1.1% growth over the same period last year. The increase is due to growth in Medicare Advantage plan participants, +6.4%, while Medicare Fee For Service patient growth decreased slightly, -1.5%.
- Hospice Growth: The number of hospice patient admissions grew to a total of 335,200, +3.5% growth over the same period last year. Hospice has consistently seen higher growth rates than home health admissions.
- Home Health Growth: The number of home health patient admissions grew to a total of 981,100 for the period ending Q1 2018, +1.6% growth over the same period last year. While patient admits typically spike during Q1, this year saw the highest numbers in history as compared to Q1 2017: 965,500 and Q1 2016: 966,000. *
Excel Health is the only solutions provider to deliver utilization data, refreshed quarterly with approximately one quarter lag, giving customers first-mover opportunities to identify physician-facility affiliations and dramatically enhancing visit productivity. Unlike other market intelligence providers who deliver solely Medicare Part A institutional data, which represents only one-fourth of post-acute claims, Excel Health delivers 100 percent of all Medicare Part A and B data, including outpatient and physician services, preventative care, labs, mental and home health services and more through easy to use productivity software solutions.
“In today’s value-based care economy, it is imperative for post-acute providers to be prepared with quantifiable data that demonstrates their advantage and assures referral sources that their patients will be cared for properly,” explained Ian Juliano, CEO of Excel Health. “By equipping our customers, who include four out of the top 10 largest home health and hospice agencies, with software solutions that generate pre-call planning guides and automate referral targeting and call planning workflows, Excel Health is helping to create high-performing, post-acute care networks.”
Excel Health is consistently innovating and releasing new features and reports. The most recent enhancement to Excel Health’s workflow solution is the Total Cost of Care Report. Users can compare agencies by the average Medicare spend for patients in the six months or year following a home health admission. Lower average overall costs indicate that an agency’s service is bending the cost curve for patients. Using this information, providers can promote their impact on the cost of care for a patient population and position themselves as a compelling partner for health systems that are focused on reducing overall costs.
In the coming weeks, Excel Health will be releasing its quarterly Home Health and Hospice Industry Trend Report. This summary report, available free for all post-acute care providers, includes national and by-state growth trends for Medicare beneficiaries, admissions, utilization and more. Sign-up to receive the Q2 2018 Home Health and Hospice Industry Trend Report here: https://www.excelhealthgroup.com/industry-trend-report-sign-up
About Excel Health
Excel Health provides growth solutions that drive critical workflows to dramatically improve performance. Our performance analytics, quality metrics and targeting tools are derived from complete 100% Medicare Part A & B data to produce high value to hospitals and home health and hospice agencies. In a recent study, our customers outpaced their competition and have experienced an ROI of over 600%. Excel Health customers are the only agencies in the market that can position themselves as an invaluable resource to their referral partners because they have exclusive visibility into the full continuum of care. For more information, please visit: http://www.excelhealthgroup.com; or, to see a demonstration, email us at firstname.lastname@example.org.
*Our data analysis highlights the most recent trends and provides a quarterly (Q2 2018) synopsis of the home health and hospice markets. Medicare and Hospice data is reported through Q2 2018. For home health, we report through Q1 2018. While we present Q2 2018 in the Excel Health Market Intelligence Portal, we do so with the understanding that CMS has not yet released 100% of the Q2 home health claims. Because CMS retroactively updates the claims data for each quarter, we have made the decision to wait to present second quarter home health trends until next quarter.