A new report released by senior healthcare provider ChenMed has found that seniors treated with a concierge-style, value-based healthcare model gain major improvements in their health, leading to an overall reduction in costs.
The report includes key findings for the four JenCare Senior Medical Centers in New Orleans, showing how concierge care can provide improved outcomes while reducing costs. Some of the information from the report is as follows:
Emergency Room Visits
● The local average was 900 ER visits, per thousand patients.
● New Orleans-area JenCare facilities averaged 411 ER visits, per thousand patients.
● New Orleans-area JenCare facilities have a 54 percent lower rate of ER visits.
Hospitalizations
● The local average was 298 inpatient hospital admissions, per thousand patients.
● New Orleans-area JenCare facilities averaged 191 inpatient hospital admissions, per thousand patients.
● New Orleans-area JenCare facilities have a 35.9 percent lower rate of hospital admissions.
● The local average was 1,867 hospital days, per thousand patients.
● New Orleans-area JenCare facilities averaged 1,029 hospital days, per thousand patients.
● New Orleans-area JenCare facilities have a 44.9 percent lower rate of hospital days.
Total Savings
● The average ER visit costs $1,062. In a local JenCare practice of five doctors, each with 450 patients, the savings from reduced ER visits alone would be almost $1.2 million per year.
● The average inpatient hospital day costs around $2,271. In a local JenCare practice of five doctors, each with 450 patients, the savings from reduced hospitalizations alone would be over $4.2 million per year.
● In a hypothetical New Orleans-area JenCare facility with five doctors, each with 450 patients per panel, the annual savings would be more than $5.4 million.