Predictive Analytics Tool Identifies Readmission Risk, Reduces Costs
Health IT Analytics February 3, 2023
In a study, Corewell Health researchers described how predictive analytics helped the organization prevent 200 patient readmissions and drive $5 million in cost savings.
Corewell Health care coordinators shared that a recent initiative, which uses predictive analytics to forecast risk and reduce readmissions, has kept 200 patients from being readmitted and resulted in a $5 million cost savings.
These results, initially reported in a study published in NEJM Catalyst in December, stemmed from an initiative that began in January 2021 when the care coordination team at Spectrum Health, now part of Corewell Health, started to predict readmission risk. Leveraging artificial intelligence and predictive analytics, the team looked at which patients faced a more difficult recovery after their hospitalization and used...