Healthcare is expensive. Healthcare comprises nearly 18% of our GDP. Yet, we do not rank in the top 20 healthcare systems in the world. The high costs of care create a barrier for many Americans who wish to have an equal opportunity at receiving care. Readmissions in particular costs nearly $26 billion dollars each year for medicare patients alone! It is estimated that nearly $17 billion of those dollars are potentially avoidable. Our mission is to increase access to care by helping to reduce these avoidable costs.
The Pangea Medical readmission prevention program follows patients both physically and digitally throughout a 30-day period. During this time we are not only acting as a care coordination platform for our patients, but are engaging in activity to help increase both patient self- sufficiency and healthcare literacy.
Our comprehensive in-home assessment integrates both the in-home and clinical data, which not only provides accurate predictions but also helps to identify the most effective means of intervention when required.
HOW OUR PARTNERS BENEFIT
The primary focus of the program is to help our partners reduce unnecessary re-hospitalization. Tackling this issue allows our partners to not only reduce costs and avoid heavy penalties, but increase their quality standards, and better focus on the sustainable health of the patient.
Pangea Medical allows our partners to provide a value-added service that differentiates their institution from others. Patients see the dedication to their long-term health and a smooth transition home, assuring satisfaction that stays with patients beyond their stay. When deciding on providers, this increased satisfaction informs their decision.
Pangea Medical handles the complex and time-intensive coordination process of organizing in-home visits, scheduling, and communication. A job which is often costly to setup and run in-house. We work with our partner’s care management and discharge team in a collaborative manner to not add any additional responsibilities.
Since the introduction of the hospital readmission reduction program, CMS withholds up to 3% of reimbursements to hospitals with high readmission rates. Beginning in 2018, Medicare will also penalize SNFs for above average readmission rates. Reducing readmissions effectively reduce the Medicare penalty. Furthermore, engaging in innovation to better invest in patient outcomes and reduce readmission rates increases the quality ratings of our partners.
We provide a holistic view of the patient process once they have left the continuum of care. Partnering with Pangea Medical allows institutions to understand what is happening with the patient beyond their doors. The open line of constant communication between us and our partners allows the parties involved to identify points of intervention before any problem occurs.
While many institutions gather clinical data for creating predictor models of high at-risk patients, they lack the crucial knowledge of psycho-social and living factors. We provide this missing data to our partners, helping to grow their in-house risk assessments into more robust models.
Our goal at Pangea Medical is to impact the healthcare industry in a meaningful way – lowering costs, increasing quality, and investing in long-term health. We work closely with our partners to create a cost-effective solution and price-point. This is why our partners choose the Pangea program instead of going through the arduous process of setting up a similar program in-house.
At Pangea Medical we are all about inclusion. This is why we accept all types of patients from our partners regardless of insurance or private pay. Medacaid, Medicare, Private pay we don’t care, we can see them all.
WHO WE WORK WITH
Partnering with Pangea Medical assures patients that your organization is committed to continuous innovation.