|Technology as a Competitive Edge for Post-Acute Providers|
|Contact-free Continuous Monitoring Allows Alternate Care Facilities to Raise their Standard of Care While Improving their Financial Performance|
Post-acute care facilities are faced with a changing industry driven by higher acuity patients and an increasingly competitive market for post-acute services which demands that these facilities increase both the level and quality of care that they provide to their patient populations. Contact-free continuous monitoring (CFCM) can provide post-acute facilities with the ability to deliver a higher level of patient care, which will allow them to thrive in an increasingly competitive and cost-conscious marketplace. The use of CFCM reduces costs by extending the capabilities of staff and decreasing patient readmissions by alerting deterioration in condition and creating opportunity for intervention. Reducing unnecessary readmissions is a key priority for hospital partners and many now make their referral decisions based on rates of readmission. It also expands the range of patient acuity that a post-acute facility can treat, thereby bringing opportunities for higher payments. Importantly CFCM improves the quality of care so that the facility can better compete in a crowded market.
The contact free nature of CFCM is especially important in a post-acute care setting where patients are more mobile and healthier than in a hospital. While not the same as CFCM, patient monitoring technology has been in use in hospitals longer than in the alternate care market with many companies competing in the space with different solutions. While post-acute customers have similar needs to hospitals in relation to CFCM, it is especially critical that the systems used outside the hospital are simpler to use and appropriate for the training level of the staff. Some post-acute care monitoring systems have been developed from technology also used in hospital critical care departments, which is inappropriate for postacute settings.