Press Release

Business Insider: Loopback, Accenture Hope to Clear Up Value Based Care

January 27, 2018 Loopback HQ
ACCENTURE, LOOPBACK JOIN FORCES TO IMPROVE NEW PAYMENT MODELS: Accenture is partnering with population health management company Loopback Analytics to make it easier for hospitals and clinics to develop and use value-based care payment models, according to HealthcareITNews. Value-based reimbursement (VBR) is an emerging payment model that focuses on measuring a patient’s health outcome against the cost of delivering the outcome. That differs from fee-for-service — the predominant system — that charges for the number of services delivered to the patient, such as lab tests, MRIs, and clinical...Read more
Press Release

Loopback Analytics Teams with Accenture for Value Based Care Models

January 25, 2018 Loopback HQ
NEW YORK; Jan. 25, 2018 – Accenture has teamed with Loopback Analytics , a leader in population health analytics, to support health systems aiming to participate in new value-based care models, such as the new Bundled Payments for Care Improvement ( BPCI ) Advanced program. ”BPCI-Advanced represents a rare opportunity for health systems to receive detailed claims data from CMS to help optimize post-acute networks and inform value-based care initiatives,” said Neil Smiley, CEO of Loopback Analytics. “This collaboration will support providers as they make the transition to alternative payment...Read more
Press Release

Skilled Nursing News: New Data and Operational Models Drive SNF-Hospital Partnerships

January 11, 2018 Loopback HQ
By Tim Mullaney | January 11, 2018 For years, skilled nursing providers have been jockeying to participate in narrowing health care networks, as hospitals and other referral sources have raised the bar on what they need from post-acute partners. In this competitive environment, some of the nation’s largest SNF providers continue to up their game. A case in point can be found in Texas. National chains The Ensign Group (Nasdaq: ENSG) and Brookdale Senior Living (NYSE: BKD) both have a presence in the state capital of Austin, where they have partnered with a firm called Loopback Analytics to...Read more
Media Coverage

Becker's Hospital Review: 3 Ways to Expand Value Based Care

September 11, 2017 Loopback HQ
Healthcare organizations around the country are implementing value-based care strategies that focus on patient outcomes rather than the volume of healthcare services they deliver. The fee-for-service model – the status quo for years in the U.S. healthcare industry – tracks each consultation, doctor appointment, procedure, hospital stay, and other medical event for purposes of payment for services rendered. That, critics say, promotes the use of more tests and treatments, some of which may be unnecessary, raises medical costs, creates inefficiencies and waste, and can even encourage fraud and...Read more
Media Coverage

McKnight's LTC: 3 Ways to Lower Post Acute Care Readmission Rates

August 09, 2017 Loopback HQ
This October, the Centers for Medicare & Medicaid Services will publish the Skilled Nursing Facility 30-Day All-Cause Readmission Measure (SNFRM) on Skilled Nursing Compare. The SNFRM estimates the risk-standardized rate of unexpected readmissions within 30 days for patients with fee-for-service Medicare who were inpatients at PPS, critical access, or psychiatric hospitals for any cause or condition. Long-term care facility performance on readmission rates is a big deal. Public reporting of readmission rates impacts the facility's reputation for quality. Long-term care facilities with...Read more
Media Coverage

Becker's Hospital Review: How to ensure bundle payment programs are sustainable

June 19, 2017 Loopback HQ
How to ensure bundle payment programs are sustainable Written by Neil Smiley, CEO of Loopback Analytics | June 19, 2017 This October the first cohorts of Awardees in Models 2, 3 and 4 for the Bundled Payments for Care Improvement (BCPI) will begin their last year of the 5-year program. This July, marks the start of the 2nd year of 5 for mandatory for Comprehensive Joint Replacement (CJR) bundles. Amid the swirl of uncertainty on the timing and terms of bundled payment expansion, participants are asking what it takes to ensure bundled payment programs are sustainable. My perspective is that...Read more
Media Coverage

Managed Healthcare Executive: Top 3 roadblocks to medication adherence and how to avoid them

May 25, 2017 Loopback HQ
With the expansion of accountable care organizations, bundle payments and other value-based payment models, the economic impact of readmissions has intensified. Hospitals have made significant investments in a wide array of intervention programs to reduce avoidable readmissions, such as enhanced discharge planning, nurse navigators, post-discharge follow-up calls and health coaches. These investments are beginning to show results. For example, the readmission rate for Medicare fee-for-service patients with heart failure has declined by 10% from 2008 to 2014, according to the Kaiser Family...Read more
Press Release

PR Newswire: Loopback Analytics Helps UTMC Cut Readmissions and Increase Pharmacy Profitability with Data-Driven Meds to Beds Program

May 24, 2017 Loopback HQ
DALLAS, May 23, 2017 /PRNewswire/ -- Loopback Analytics' health care data integration and analytics platform has enabled the University of Tennessee Medical Center (UTMC) to reduce readmission rate among patients who were identified to be at high risk for readmission by more than 20 percent. The proactive approach to medication delivery also resulted in a gross margin per patient that was three times as high as that of the prior meds to beds program. These changes took place in just four months, after UTMC implemented a data-driven, proactive concierge medication program. The system, which...Read more
Media Coverage

Healthcare Informatics: At UTMC, Data-Driven “Meds to Beds” Program Leads to 20 Percent Drop in Readmission Rates

May 24, 2017 Loopback HQ
University of Tennessee Medical Center (UTMC), based in Knoxville, Tennessee, is leveraging data analytics to improve medication compliance and patient outcomes. Through its use of a health care data integration and analytics platform, UTMC has reported a reduction in the readmissions rate among patients who were identified to be at high risk for readmission by more than 20 percent. By improving medication delivery, UTMC’s new “meds to beds” program has resulted in gross margin per patient that was three times as high as that of the prior meds to beds program, according to a press release...Read more
Media Coverage

Drug Topics Magazine: Toward Better Meds-to-Beds Programs Technology is creating a system to identify patients in need of medication help at discharge.

May 16, 2017 Loopback HQ
New technology could help pharmacists identify patients at high risk for nonadherence before they leave the hospital. Nonadherence, particularly immediately after discharge, continues to be an obstacle for the health-care system and has been linked to higher readmission rates, greater costs, and worse health outcomes. However, by using new technology and intervention strategies, health systems can partner with on-site ambulatory care pharmacies to improve the success of meds-to-beds programs and plan specific targeted interventions that are focused on those patients who need it most. On-site...Read more
Media Coverage

DOTmed Healthcare Business News: Cost Containment Corner - The importance of redesigning care for at-risk patients

May 10, 2017 Loopback HQ
The risk burden for hospitals has been increasing steadily since the implementation of the Hospital Readmissions Reduction Program (HRRP) in 2012. Hospitals have been working to lower readmission rates, especially for at-risk populations, in order to avoid the associated penalties. Despite the rapid expansion of electronic medical records and additional economic incentives to reduce readmissions as a result of episode payment models (EPMs), comprehensively addressing readmission risk remains a challenge. The costs and causes of readmissions Readmissions can be costly for hospitals. According...Read more
Media Coverage

Predictive Modelin News: Empowering the Shift to Value

May 03, 2017 Loopback HQ
Only 1/3 of hospitals use predictive analytics, even though integrating patient information, data mining, stats and machine learning are the industry’s prized tools for rolling out population health management. Patient information today stems from a variety of records and resources, and while population health management is critical to improving clinical/financial outcomes for patients and for taking the guesswork out of healthcare, implementation of predictive analytics begins with pushing providers to performance-based care and standardization into workflows. nforming redesigned and...Read more