As hospital payments shift toward value-based and shared financial risk reimbursement - particularly bundled payments - they face numerous challenges including internal cost reduction, readmission management and post-acute care management. They require solutions that lead to greater cooperation between hospital administrators and physicians. Up-to-date, actionable information and tools are necessary for patient management before admission, during the inpatient stay, during care transitions and for post-acute management throughout the entire episode of care. Krythium offers an array of solutions for all of these needs.
Bundled (or episodic) payments are designed to improve care and reduce cost by aligning the incentives of hospitals, physicians, and post-acute care providers for a particular episode. Krythium's episode analytics toolkit helps providers monitor and track episodes, identify variance and target opportunities for improvement.
Krythium provides a comprehensive gainsharing solution to engage physicians during the episode of care - DAVE, the Data Accuracy Verification Engine. DAVE offers integrated analytics and automated gainsharing management to engage your physician community with the transparency and trust necessary to achieve unparalleled alignment in patient care.
As hospitals identify variances and opportunities in post-acute care costs, an important strategy is a move toward managing patients during the entire length of an episode. An increased emphasis on cost-effective and outcomes driven post-acute care home care is necessary.