Using an evidence-based model of healthcare delivery, the authors of a recent white paper argue that the typical American post-acute facility could experience double-digit increases in revenue and net profit growth by implementing contact-free continuous monitoring (CFCM) in just a portion of its beds.
Contact-free continuous monitoring is quickly becoming the standard in post-acute care, and it’s not difficult to see why. As the authors of a new white paper from Frost & Sullivan point out, the technology offers facilities a real opportunity to not only improve outcomes and patient satisfaction, but also to realize double-digit increases in revenue and profit.
For post-acute managers looking to increase revenue and market reach, the ability to accept more referrals for high-acuity patients — and to treat them effectively, with a minimum of readmissions — is becoming an essential skillset in an increasingly competitive industry.
As a technology with the power to “reduce costs, increase reimbursement, and improve the quality of care,” contact-free continuous monitoring (CFCM) can give alternate care facilities like post-acute care centers (PACs) and skilled nursing facilities (SNFs) new opportunities to raise their standard of care while improving financial performance.
Too frequently, patients released from a hospital’s care find themselves returning to that same facility just a few days or weeks later. This is known all too well among administrators, doctors and nurses, as hospital readmissions have an immense impact on a facility’s overall financial and operational efficiency and effectiveness.
There are a number of reasons why the use of continuous monitoring devices is on the rise throughout the nation’s (and the world’s) hospitals and healthcare facilities — and EarlySense Chief Operating Officer Karissa Price-Rico, PhD discussed them in detail at the 3rd annual Fortune Brainstorm Health conference.