Consulting group releases report on bending the Medicare cost curve
Posted on October 18, 2012 | No Comments
According to a study released last week by Dobson DaVanzo and Associates, the Medicare program could save as much as $100 billion over the next decade and the Part A trust fund could be extended by two-and-a-half years if post-discharge patients were served in a more clinically appropriate post-acute care setting. Experts have estimated that the Medicare trust fund will go bankrupt by 2024 without reform. The consulting group’s report offers ideas regarding how the Medicare system could improve the efficiency and quality of care delivered to effectively bend the cost curve and thus extend the solvency of the program. The report found that Medicare savings can be achieved by identifying the patient pathways to the receipt of care, targeting ways to avert readmissions, and placing patients in the most clinically appropriate and cost-effective setting.