A comprehensive analysis of key trends, challenges, and
opportunities driving the evolution of post-acute care.
ATLANTA, July 18,
2024 /PRNewswire/ -- Trella Health, the leading
provider of market intelligence and integrated customer
relationship management (CRM) solutions to the post-acute care
industry, released its 2024 edition of the Post-Acute Care
Industry Trends Report.
"At Trella Health, we believe in the power
of data to foster meaningful change in healthcare."
Leveraging the most recent and complete data available from the
Centers for Medicare & Medicaid Services, this comprehensive
report highlights key trends, ongoing challenges, and emerging
opportunities shaping the post-acute care industry.
New additions to this year's report include a section co-created
with industry leaders, providing expert insights on navigating the
post-acute care landscape. Additionally, the report features a
deeper dive into state-level data, empowering providers with
localized insights to better understand local dynamics and tailor
their strategies accordingly.
"As part of our mission to promote industry-wide performance
visibility, our team is excited to share the findings of this
year's Post-Acute Care Industry Trend Report," said Scott Tapp, CEO of Trella Health. "At Trella
Health, we believe in the power of data to foster meaningful change
in healthcare. Continuous innovation in an industry requires strong
collaboration, and with data-backed insights, we are shaping the
future of healthcare together."
Below are a few key takeaways from this year's
report:
- Medicare Advantage enrollment continues to increase, and MA
penetration eclipsed the much-anticipated 50% mark in 2023, hitting
54.7% as of February 2024.
- FFS inpatient discharge instruction rates for home health and
skilled nursing continue to inch closer to pre-pandemic levels,
though these rates remained more stable than previous
year-over-year changes.
- Annualized changes in home health (-3.0% between 2022 Q3 and
2023 Q3 reporting periods) and skilled nursing (-13.8% between 2022
Q4 and 2023 Q4 reporting periods) FFS admissions continue to
decrease due to increased MA enrollment.
- Hospice admissions increased by 2.1% between the 2022 Q4 and
2023 Q4 reporting periods. Further, hospice utilization increased
to 49.8% in the 2023 Q4 reporting period, four percentage points
higher than the 2020 Q4 reporting period. This was due to lower
utilization rates during the pandemic when COVID-related deaths
were usually not admitted into hospice.
"As the industry becomes increasingly complex, more data is
needed to understand the full picture," continued Tapp. "We are
constantly diversifying our dataset to include more payer sources
and enhance insights across the care continuum. Recently, we
increased our medical and pharmacy claims volume by 2x – covering
over 255 million patient lives annually. Future investments, such
as increased access to MA data, will continue to fuel meaningful
insights that drive positive change in healthcare."
Trella Health invites you to leverage the insights in this
report to drive innovation, elevate your business, and build a
stronger future for the entire industry.
Access the Post-Acute Care Industry Trends Report
here.
About Trella Health
Trella Health's unmatched market intelligence and purpose-built
CRM allow post-acute providers, HME, and Infusion organizations to
drive more effective performance and growth. Trella's solutions
allow post-acute, HME, and Infusion organizations to identify the
highest-potential referral targets, evaluate new market
opportunities, and monitor performance metrics.
Paired with CRM and EHR integrations, business development teams
can better manage referral relationships to advance their
organizations with certainty by improving their sales and marketing
strategy.
For more information on Trella Health and its post-acute, HME,
and Infusion growth solutions, visit www.trellahealth.com, call
678-813-1590, or follow Trella on Facebook, Twitter, and
LinkedIn.
Media Contact: Lauren Corcoran,
813-344-7873, lcorcoran@trellahealth.com
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SOURCE Trella Health