Hospitals Meet Readmissions Goals with Help from New Strategic Alliance
RADNOR, Pa. and NEW YORK, July 22, 2013 /PRNewswire/ -- Grey Partners, LLC and ReAdmission Solutions, LLC have entered into a strategic alliance to help their healthcare clients reduce readmissions, while maintaining their quality of care, it was announced jointly today.
In announcing the alliance with ReAdmission Solutions, LLC, Kurt A. Kozin, Managing Partner of Grey Partners, said, "This is a very timely partnership with ReAdmission Solutions. This strategic alliance will go far to provide our healthcare clients with a broader range of solutions for today's changing healthcare delivery landscape, particularly the new requirement to control hospital readmissions. We believe that ReAdmission Solutions' program provides a unique and comprehensive approach to dealing with this critical problem."
The Affordable Care Act of 2010 requires the US Health and Human Services Department to establish a readmission reduction program. Effective October 1, 2012, the Centers for Medicare and Medicaid Services launched the Hospital Readmissions Reduction Program (HRRP) which was designed to provide incentives for hospitals to implement strategies to reduce the number of costly and unnecessary hospital readmissions.
Nathan M. Barotz, President of ReAdmission Solutions, LLC, said, "Our experience in care management, especially in post-acute care, allows us to develop a plan tailored to each patient through a 'high touch' program that utilizes physicians, nurses, respiratory therapists, pharmacists, dieticians, and mental health professionals to provide patient-centered care. Our expertise, coupled with Grey Partners' leadership in negotiating payer contracts and revenue cycle management analytics, will be a powerful competitive advantage to help hospitals, nursing homes and other organizations affected by HRRP, reduce readmissions, maintain their quality of care, gain from shared savings contracting and avoid penalties."
About Grey Partners, LLC:
Grey Partners, LLC (www.greypartnersllc.com) offers applied analytics, consulting, and revenue recovery services to healthcare providers.
About ReAdmission Solutions, LLC
ReAdmission Solutions, LLC (www.readmissionsolutions.net) provides services to health plans and hospitals to better control and reduce hospital readmissions.
Melissa M. Krantz
Krantz and Company
917-653-6716
[email protected]
SOURCE ReAdmission Solutions, LLC
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