Trella Health, a leading provider of market intelligence and integrated customer relationship management (CRM) solutions for the post-acute care industry, has announced the release of the 2024 Post-acute care industry trend report.
Leveraging the most current and complete data available from the Centers for Medicare & Medicaid Services, this comprehensive report highlights the key trends, ongoing challenges and emerging opportunities shaping the post-acute care industry.
New to this year’s report is a section created in collaboration with industry leaders to provide expert insights into the landscape of post-acute care. Additionally, the report now offers a deeper dive into state-level data to help providers with location-specific insights to better understand local trends and adjust their strategies accordingly.
“As part of our mission to drive visibility into performance across the industry, our team is excited to share the findings of this year’s Post Acute Care Industry Trends Report,” said John F. Scott Tapp“At Trella Health, we believe that data has the power to drive meaningful change in healthcare. Continuous innovation in the industry requires strong collaboration, and together, with data-backed insights, we are shaping the future of healthcare,” said , CEO of Trella Health.
Here are some key takeaways from this year’s report:
- The number of Medicare Advantage enrollees continues to grow, with MA penetration reaching 54.7% as of 2023, exceeding the 50% expected in 2023. February 2024.
- FFS inpatient discharge instruction rates in home health and skilled nursing are gradually approaching pre-pandemic levels but remain more stable than year-over-year changes.
- Annualized change in home health care (-3.0% between the 3Q2022 and 3Q2023 reporting periods) and skilled nursing (-13.8% between the 4Q2022 and 4Q2023 reporting periods).FFS hospitalizations continue to decline due to increased MA enrollment.
- Hospice admissions increased 2.1% between the Q4 2022 and Q4 2023 reporting periods. Additionally, hospice utilization increased to 49.8% in the Q4 2023 reporting period, 4 percentage points higher than the Q4 2020 reporting period. This is due to lower utilization during the pandemic, when COVID-related deaths typically are not admitted to hospice.
“As the industry becomes increasingly complex, more data is needed to see the complete picture,” Tapp continues. “We are constantly diversifying our datasets to incorporate more payer sources and enhance insights across the care continuum. We recently saw a doubling in medical and pharmacy claims volume, covering more than 255 million patient lives annually. Upcoming investments, such as expanding access to MA data, will continue to drive meaningful insights that drive positive change in healthcare.”
Trella Health encourages companies to use the insights in this report to drive innovation, improve their business, and build a stronger future for the entire industry.
