$25-45 billion: this is the average cost of poor transitions of care when consumers move from hospital settings to other settings.
$12 billion: these are the avoidable costs of poor transitions of care.
Not only does the overutilization of emergency department services for behavioral health or addiction treatment mean higher costs for consumer care, it creates risk of 30-day readmission penalties and further pressures already strained high-value resources.
The clinical and business impacts of operating in healthcare silos are clear. Fortunately, health systems and behavioral health organizations can partner to provide value-based services that address these impacts. This integration enables providers to harness the power of networks and direct consumers to the most effective - and cost-effective care.
In The Avoidable Costs & Risks Associated with Siloed Healthcare, hosted by Behavioral Healthcare Magazine, Netsmart associates AJ Peterson, vice president and general manager of interoperability, and Jeff O'Berry, vice president of national accounts provide a look into the cutting-edge technology that enables both health systems and CMHCs to: