Sunday, April 14, 2013

6 companies cashing in on Obamacare



 http://money.cnn.com/gallery/smallbusiness/2013/03/27/obamacare-startups/index.html

People would get sick and then leave the hospital but then moments later they would come back sick again right away.  These cost were not cheap and quickly added up for the hospital.  There were penalties that were involved for situations like this since cost were being paid through Medicare so the penalties kicked in late last year, and those little 1% slices add up fast. "If a hospital gets $300 million a year in Medicare payments, that's $3 million," says Sandeep Pulim, a co-founder and chief medical officer of Health Recovery Solutions, a startup that aims to help hospitals cut their readmissions.  Hospitals began to educate their patients so that they would not have to come to the hospital as often and so that the patient can be smarter about their health.  They would have little clips and at the end of each session they would quiz them to make sure they know what was going on. This will help reduce cost for the hospital and save money for more important things other than for somebody getting sick from the flu and coming back every time for that.

2 comments:

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  2. Educating people on how to control their health is certainly crucial in saving on outrageous medical bills. I think this type of health education is necessary and should be adopted by all the hospitals. Innovations like tablet could be very useful in monitoring patient''s health. After reading an article I did encounter something strange. The cuts in Medicare will be put on hospitals that admit patients with heart problems within thirty days. I think that heart conditions are very serious and therefore discouraging hospitals from admitting hospitals can have a very serious negative outcomes.

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