Predixion Software Introduces Preventable Readmission
Healthcare Solution Built on Predixion's Predictive Analytics Platform
Predixion’s Readmission Insight™ identifies patients at risk of readmission before they leave the hospital
Orlando, FL – December 5, 2011 – Predixion Software today announced the availability of Predixion Readmission Insight™, a preventable readmission healthcare solution designed in collaboration with provider organizations and built on Predixion's predictive analytics platform. Predixion Readmission Insight identifies patients at risk of readmission before they leave the hospital and allows for more tailored care while admitted and post discharge to assure a more successful care outcome. The announcement, the first in a series of healthcare solutions that will be rolled out from Predixion, was made at the Institute for Healthcare Improvement Conference where Predixion Software is exhibiting in booth #222.
Wellness-Based Healthcare
The focus on a wellness-based healthcare economy will require a new type of technology that helps providers identify at risk patient populations for common medical conditions in order to reduce the number of their occurrences as well as to allow for early intervention. Most hospital-based readmission efforts focus primarily on retrospective reporting that serves to audit historic outcomes and expose high-level trending information.
Predixion’s innovative approach to readmission management takes a prospective view. By examining the historic readmission patterns specific to each medical facility, Predixion Readmission Insight is able to create a scientifically-based model that can be used to identify currently admitted patients that are at elevated risk of readmission with great precision. Predixion models have accurately predicted up to 86 percent of readmissions which would result in better patient outcomes and true ROI for the provider.
Predixion Readmission Insight:
- Determines risk of readmission at or near time of admission
- Provides risk stratification by program budget or outcome targets
- Personalizes risk scoring for each medical facility
- Scores clinical and/or claims data
- Integrates risk scoring into existing reports or applications
- Scores readmission risk at 7, 15 and 30 days or custom time periods
“Predictive analytics, more than any other business intelligence technology, has the ability to deliver exceptionally valuable insights within the healthcare industry,” said Shawn Rogers, Vice President of Research, Business Intelligence and Data Warehousing, Enterprise Management Associates. “The application of predictive analytics consistent with best practices can be transformational in delivering higher quality outcomes at lower costs. When identifying pilot projects providers should focus on process intensive data driven opportunities such as Predixion's preventable readmissions solution.”
“Predixion Software is dedicated to finding new and innovative ways to apply our predictive analytics platform to provide solutions for the challenges in the healthcare industry,” said Predixion Software Chief Medical Officer Michael Mercy, MD, FACEP, FAAEM. “Our solutions help providers better understand and manage risk to their patients’ health while simultaneously improving the bottom-line for institutions and insurers alike.”
To learn more about Predixion Software's other healthcare solutions please visit here.
Press and Analyst Contact:
Jennifer Dodos
Predixion Software
(949) 373-4913
jdodos@predixionsoftware.com
Institute for Healthcare Improvement Booth #222
About Predixion Software
Predixion Software develops and markets collaborative predictive analytics solutions that are fully integrated with leading BI platforms and business applications. We provide easy-to-deploy, enterprise class predictive analytics in the common interfaces of Microsoft Excel® 2010, SharePoint® and other business applications. Customers in healthcare, finance, retail and other industries are achieving immediate results with Predixion Insight.
Predixion Software is headquartered in Orange County, California with development offices in Redmond, Washington. The company has venture capital backing from established investors including DFJ Frontier, Miramar Venture Partners and Palomar Ventures. For more information call (949) 373-4900 or visit us at www.predixionsoftware.com.
###