Empassion Health Announces Significant Cost Savings for Medicare Plans
Empassion Health, Inc., a leading managed care provider focused on delivering quality care for adults facing serious illnesses, recently unveiled recent findings highlighting a remarkable 35% reduction in total care costs per patient in their final year of life. This groundbreaking study encompasses data from thousands of patients and reinforces Empassion’s commitment to providing exceptional care while ensuring substantial cost efficiencies.
The Challenge in High-Cost Care
Patients enduring serious health conditions often find themselves not only overwhelmed but also under-supported within the current healthcare system. Astoundingly, a mere 5% of patients eligible for palliative care access the benefits of home-based services, which leaves the majority vulnerable to unnecessary hospital visits and fragmented treatment. These patients represent a small but significant segment of the Medicare population, accounting for a staggering 25% of total Medicare expenditures. Consequently, families grapple with a lack of education and support during crucial times when they need it most.
Understanding the Burden
This vulnerability highlights a pressing issue in healthcare today: the need for compassionate support tailored to those navigating serious illnesses. Families often feel isolated and uninformed, struggling under the weight of a system that prioritizes institutional care over personalized support.
A Fresh Approach with the Empassion Model
Empassion Health introduces a transformative model that centers on providing palliative care directly within patients’ homes, coordinating comprehensive care that addresses medical, emotional, and social needs. The goal is simple yet profound: to enhance the quality of life for patients and their families. The recent Savings Study included extensive analysis from over 45,000 adults across various Medicare programs, ensuring a detailed and diverse understanding of Empassion's impact.
Study Results: Evidence of Effectiveness
The findings of this important study are nothing short of impressive:
- Patients experienced an overall savings of 35% during their last year, demonstrating the financial benefits of in-home palliative care.
- Those receiving both palliative care and hospice services averaged savings of $33,000, equivalent to a remarkable 41% reduction in costs.
- Patients solely utilizing in-home palliative care experienced an average savings of $7,000.
- The study revealed a 35% decrease in hospital expenditures due in large part to improved in-home support and care coordination.
- Empassion showcased a notable 70% utilization rate of hospice services, significantly higher than the national average of 50%, with patients experiencing median lengths of stay in hospice and palliative care that far exceeded national norms.
- A staggering 90% patient satisfaction rate was recorded, with many patients rating their experience at the highest level.
Robin Heffernan, Co-Founder and CEO of Empassion, emphasized the study's findings, stating, "The bottom-line results of this Empassion study prove that care, compassion, and cost savings do not have to be mutually exclusive. By maintaining a focus on the patient experience, we can help health plans address complex care challenges sustainably."
Empassion's Vision for the Future
Empassion is dedicated to revolutionizing care for adults living with serious illnesses, striving to ensure they can experience more good days. Operating in 45 states, Empassion collaborates with a vast network of community-based supportive care providers, ensuring the utmost quality in their services. Their comprehensive programs cater to a wide array of populations, including those under Original Medicare, Medicare Advantage, and Dual health plans.
Frequently Asked Questions
What is the main finding of the Empassion study?
The Empassion study revealed a 35% reduction in costs for patients in their final year of life while maintaining high-quality care outcomes.
How does Empassion Health deliver its services?
Empassion Health provides in-home palliative care and ensures comprehensive care coordination through local community providers.
Why is there a low rate of palliative care utilization?
Only 5% of eligible patients receive home-based palliative care, primarily due to a fragmented healthcare system that does not prioritize such services.
How does Empassion address patient needs?
Empassion’s approach includes catering to medical, emotional, and social needs, ensuring patients and families receive well-rounded support.
What is Empassion's mission?
Empassion aims to provide high-quality care for adults living with serious illnesses, allowing them to enjoy more good days with the support they need.
