Home Health & Hospice Week

Hospice:

REPORT--HOSPICE SAVES MEDICARE BIG BUCKS

Longer stays maximize savings, researchers say.

Hospices should welcome a new study touting their ability to stretch the nation's Medicare funds.

Hospice care provides "significant" savings to Medicare, conclude researchers at Duke University. The study, "What Length of Hospice Use Maximizes Reduction in Medical Expenditures Near Death in the U.S. Medicare Program," was released Nov. 7.

The researchers found that hospice care reduced Medicare spending by an average of $2,309 per person compared to "normal care, which typically includes expensive hospitalizations near death."

Furthermore, longer hospice stays may be better, financially speaking.

"Often hospice is used for a relatively short time, but we found that patients who use the benefit for the last seven to eight weeks of life maximize cost savings to the program," said primary author Don Taylor of Duke's Sanford Institute of Public Policy in a press release.

The study found that for 70 percent of hospice patients, Medicare costs would have been reduced if hospice care had been used for a longer period of time. Hospice care has increased from seven percent of Medicare patients in 1990 to almost 30 percent in 2006.

For more information: The report is at www.sciencedirect.com/science/journal/02779536 --select "Volume 65, Issue 7."
You’ve reached your limit of free articles. Already a subscriber? Log in.
Not a subscriber? Subscribe today to continue reading this article. Plus, you’ll get:
  • Simple explanations of current healthcare regulations and payer programs
  • Real-world reporting scenarios solved by our expert coders
  • Industry news, such as MAC and RAC activities, the OIG Work Plan, and CERT reports
  • Instant access to every article ever published in Revenue Cycle Insider
  • 6 annual AAPC-approved CEUs
  • The latest updates for CPT®, ICD-10-CM, HCPCS Level II, NCCI edits, modifiers, compliance, technology, practice management, and more

Which Codify by AAPC tool is right for you?

Call 844-334-2816 to speak with a Codify by AAPC specialist now.