LENEXA, Kan. (October 4, 2018)—WellSky, a health and community care technology company backed by TPG Capital, launched an innovative new solution, WellSky Hospice Applied Insights.
According to WellSky, Hospice Applied Insights delivers the predictive intelligence that hospices need to ensure their patients are surrounded by their family and caregivers at the appropriate time. The product is described as machine-learning technology that harnesses key data captured in WellSky Hospice software, including real-time clinical, symptomatic and psychosocial data.
“WellSky Hospice Applied Insights demonstrates our commitment to delivering innovative, intelligent solutions built to help our customers elevate the care they provide and succeed into the future,” said Bill Miller, CEO of WellSky, in a press release. “We worked directly with customers to develop this solution, so they can better meet the needs of their patients and families. We’re proud of the extraordinary results they’re already experiencing.” The product was developed to help hospices keep people comfortable in their homes and reduce the likelihood of revocations, which can result in patients and their families experiencing expensive and traumatic deaths in hospitals.
This year, more than 1.5 million patients will receive hospice care, according to the National Hospice and Palliative Care Organization.
Hospice Applied Insights leverages a historical database of 600,000 previous hospice visits captured in WellSky Hospice medical records to identify the top trends and risk factors that precede death or a negative patient event. Data visualization provides hospice clinical leaders with a high-level view of these predictions across their patient population, so they know when and where to focus their clinical resources to deliver care to the patients who need them most.
“WellSky Hospice Applied Insights allowed us to increase the hours we spend with patients in the last seven days of their life by 61 percent,” said Darren Bertram, CEO of Infinity Hospice and a WellSky Hospice Applied Insights early customer. “We’ve had several occasions where we were able to send a nurse out to a patient’s home in time for them to be with the patient and their family on the day of their death.”
As increased regulation, provider consolidation, and the transition to value-based reimbursement drive rapid change in health and community care, WellSky is investing $50 million in research and development so its customers can lead their industries with innovative machine-learning solutions. Hospice Applied Insights is part of the company's larger data science initiative, including other similar analytics technology solutions that help WellSky clients monitor patient medication adherence and predict hospitalization risk.
“There has never been a more dynamic time in the hospice space, as both patient care and regulations continually and rapidly evolve,” Bertram said. “We believe that one of the most important quality metrics is the time spent with patients in the last seven days of life.”
Visit wellsky.com for more information.