SKILLED NURSING INSIGHTS by QUANTIFIED MECHANIX
Skilled Nursing Analytics – A changing Landscape
It’s an industry in transition. Falling occupancy rates, wage pressures, growing competition and consolidation are chipping away at the already thin profit margin for skilled nursing facilities. Add the transition to the CMS Patient-Driven Payment Model (PDPM) to the equation, and it’s easy to see why skilled nursing facilities are searching for ways to gather and harness the data that results in lower costs, and better patient outcomes.
Why Harnessing Your Data is Important
You can’t manage what you don’t measure. Critical data is spread across decentralized platforms and applications, making it difficult to see a holistic representation of your operations. Data from CMS is challenging to work with and apply to your operations. You have a choice. Work harder and longer, or leverage data to understand and act upon key metrics at the organization, facility, and resident level that drive results.
- Make data-driven decisions to align the key cost categories of labor, food, and nursing supplies in-line with census
- Optimize staffing with real-time census and labor data
- Improve budgeting process to reflect seasonality
- Reduce hospital readmissions
- Manage revenue cycles while increasing cost savings by truly understanding what data tells you about your cost-to-quality index
- Increase efficiency while improving with clinical outcomes in key PDPM categories
Financial Turnaround – $30 Million Swing from Operating Loss to Profitability
Read about how Quantified Mechanix helped a $1B Skilled Nursing Facility transition from financial jeopardy to robust health in a matter of months. Download our case study.
Quantified Mechanix has a dedicated team that are experts in Skilled Nursing analytics. Quantified Mechanix connects the power of your operational data with CMS Nursing Home Compare to give you the insight and direction you need for both operational excellence and understanding your position in your market driven by analytics. The shift to PDPM has created a wealth of information around recording resident conditions that brings newfound reimbursement potential. Understand and utilize the data you already collect to:
- Bring visibility into the competitive landscape and impact on referrals
- Manage staffing mix to meet specific cut points
- Understand inspection trends in your state
- Forecast, predict, and track PDPM reimbursement levels
- Identify reimbursement and compliance issues and opportunities early
- Streamline the PDPM assessment billing, and reimbursement process
- Gain crucial understanding of what drives or reduces your bottom line
A Better Approach
A Better Approach
Quantified Mechanix has a dedicated team that are experts in Skilled Nursing analytics. Quantified Mechanix connects the power of your operational data with CMS Nursing Home Compare to give you the insight and direction you need for both operational excellence and understanding your position in your market driven by analytics. The shift to PDPM has created a wealth of information around recording resident conditions that brings newfound reimbursement potential. Understand and utilize the data you already collect to:
- Bring visibility into the competitive landscape and impact on referrals
- Manage staffing mix to meet specific cut points
- Understand inspection trends in your state
- Forecast, predict, and track PDPM reimbursement levels
- Identify reimbursement and compliance issues and opportunities early
- Streamline the PDPM assessment billing, and reimbursement process
- Gain crucial understanding of what drives or reduces your bottom line
The Quantified Mechanix Advantage
Quantified Mechanix understands skilled nursing and the systems, internal and external data that you work with. We help you use your data to better understand the care you deliver, provide insights into your treatment patterns, and help you compare your care community to others in your locality and across the nation. Data speaks volumes when it comes to understanding your community’s unique mix – that can help you define and establish a niche to build a strong referral network, increase your census and improve patient outcomes. We give you the power to harness the data which rewards you with this operational insight. It’s transformational, resulting in elevation of your reputation and leading to greater occupancy, as well as higher reimbursement rates. You’ll have a quantifiable, meaningful way to display your value to patients and referring partners.
Our clients appreciate us because we can hit the ground running and drive value immediately– and we do it simply by harnessing the rich data already flowing throughout your organization. We’ll seamlessly integrate operational, clinical, financial and CMS data. We have experience working with data from the leading platforms in the industry, spanning point of care to financials. We can seamlessly integrate:
- PointClickCare
- Allscripts
- Healthland Centriq
- MaatrixCare – AOD
- CareVoyant
- KanTime
- Rosemark
- HealthWyse / Casamba
You Won't Reinvent the Wheel
You Won't Reinvent the Wheel
Our clients appreciate us because we can hit the ground running and drive value immediately– and we do it simply by harnessing the rich data already flowing throughout your organization. We’ll seamlessly integrate operational, clinical, financial and CMS data. We have experience working with data from the leading platforms in the industry, spanning point of care to financials. We can seamlessly integrate:
- PointClickCare
- Allscripts
- Healthland Centriq
- MaatrixCare – AOD
- CareVoyant
- KanTime
- Rosemark
- HealthWyse / Casamba
You're in Good Company
A growing number of healthcare organizations already utilize Quantified Mechanix to achieve operational excellence:
