ALISO VIEJO, CA--(Marketwired - Dec 10, 2015) - Predixion Software , a developer of cloud-based advanced analytics software, today announced that the COPD Foundation , the only U.S. healthcare nonprofit dedicated to preventing and curing chronic obstructive pulmonary disease (COPD), has selected Predixion and Carolinas HealthCare System to deliver the world's first program to predict and prevent hospital readmissions for COPD patients with co-morbidities. A respiratory disease affecting approximately 30 million people in the U.S., COPD is the third leading cause of death in the country with one of the highest rates of unplanned hospital readmissions.
Until now, little has been done to study the role co-morbidities play in the rate of readmissions or the specific issues which can trigger a readmission for patients with COPD. With the selection of Predixion and Carolinas HealthCare System, the COPD Foundation now can build a predictive model specifically to reduce the risk of readmissions for these patients.
"Eliminating unnecessary readmissions related to COPD is critical for advancing the goals of healthcare reform," said John W. Walsh, president and founder, COPD Foundation. "Finding solutions for COPD readmissions, especially for the patient who has co-morbidities, will have a great impact on improving health outcomes for millions."
Twenty percent of patients hospitalized with COPD exacerbations are readmitted within 30 days. Exacerbation costs account for nearly 70 percent of the estimated $50 billion in annual COPD expenditures, with readmission-related expenses ranking third highest among Medicare beneficiaries.
"It has been difficult to study COPD, because patients often have additional risk factors that contribute to the severity/seriousness of their conditions," said Deborah McGowan, Senior Director of Health Outcomes, COPD Foundation. "Now we have the technology and the team to leverage hospital specific data and real-time risk stratification to prompt patient-specific interventions for those at risk of readmission."
"The COPD Foundation initiative leverages our strong and ongoing partnership with Carolinas HealthCare System to offer real-time advanced analytics at the point of care for forward thinking healthcare facilities," said Nish Hartman, VP Healthcare, Predixion Software. "The ability to provide actionable insights directly to the clinical team so they can take action right at the point of care helps Predixion, CHS and the COPD Foundation achieve our collective mission -- to improve patient outcomes."
Carolinas HealthCare System is nationally recognized for quality health care, including its work in leveraging data and analytics to improve patient outcomes through predictive modeling and population health management. Over the past several years, the system has reduced system-wide readmissions by nearly 16 percent and prevented more than 9,800 potential patient safety events.
"Carolinas HealthCare System has been focused on improving the care for patients with COPD for several years and our work with Predixion has helped us to sharpen our focus on the patients who are at the highest risk of readmission," said Dr. Jean Wright, Carolinas HealthCare System. "Our providers, case managers, and the entire care team will have the insights they need to better plan for and predict patient outcomes based upon their individual disease and co-morbidities ensuring each patient's specific risk will drive their individualized care."
Predixion's Readmission Insight enables clinicians to:
- Identify the patient risks and comorbidities for COPD patients
- Target patient interventions with real-time risk assessment at the point of care
- Integrate risk scores directly into care process from admissions to discharge planning
- Reduce readmissions by improving quality of care for patients
About Predixion Insight and Readmission Insight Readmission Insight™, based on Predixion Insight™, addresses hospital readmissions by providing an easy-to-use solution that enables clinicians to make real-time decisions and apply the best patient therapies directly at the point of care. Readmission Insight leverages real-time clinical data from EHR systems and predictive analytics to risk-stratify patients at hospital admission in order to identify each patient's key comorbidities and risk factors. In this way, Readmission Insight enable clinicians to improve point of care decisions by tailoring them to the individual patient using real-time EHR data by surfacing each patient's risk profiles in near real-time and identifying those patients at risk of readmission with 79% accuracy, before they leave the hospital.
About Predixion Software Predixion was founded on the belief that analytics has the power to create a smarter, safer and healthier world -- and that access to that power should not be limited. To achieve this vision, Predixion developed Predixion Insight™, a cloud-based analytics platform that provides real-time, advanced analytics at the decision point in order to improve outcomes. Predixion specializes in the "Last Mile of Analytics™" -- that is getting the power of predictive insights to the front lines where decisions are made -- whether that is an application, a BI dashboard, a machine or a device in the IoT value chain. More than 200 companies worldwide rely on Predixion to make better decisions every day. For more information visit http://www.predixionsoftware.com .
About Carolinas Healthcare System Carolinas HealthCare System, one of the nation's leading and most innovative healthcare organizations, provides a full spectrum of healthcare and wellness programs throughout North and South Carolina. Our diverse network of more than 900 care locations includes academic medical centers, hospitals, healthcare pavilions, physician practices, destination centers, surgical and rehabilitation centers, home health agencies, nursing homes, and hospice and palliative care. Carolinas HealthCare System works to improve and enhance the overall health and wellbeing of its communities through high quality patient care, education and research programs, and a variety of collaborative partnerships and initiatives.
About the COPD Foundation The COPD Foundation's mission is to prevent and cure chronic obstructive pulmonary disease and improve the lives of all people affected by COPD. The Foundation's activities focus on achieving these results through research, education and advocacy programs. To learn more or get involved, call the C.O.P.D. Information Line at 1-866-316-COPD (2673) or visit www.copdfoundation.org .
Predixion Software recognizes all of the trademarks referenced in this press release.
Media Contact: Nish Hartman Predixion Software 704.256.9497 O 704.491.7920 M Email Contact
