1. Cost savings from palliative care teams and guidance for a financially viable palliative care program
- Author
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McCarthy, Ian M., Robinson, Chessie, Huq, Sakib, Philastre, Martha, and Fine, Robert L.
- Subjects
Health care costs -- Economic aspects -- Forecasts and trends -- Research ,Palliative care -- Economic aspects ,Health care industry -- Economic aspects -- Growth ,Health care industry ,Company growth ,Market trend/market analysis ,Business - Abstract
Objectives. To quantify the cost savings of palliative care (PC) and identify differences in savings according to team structure, patient diagnosis, and timing of consult. Data Sources. Hospital administrative records on all inpatient stays at five hospital campuses from January 2009 through June 2012. Study Design. The analysis matched PC patients to non-PC patients (separately by discharge status) using propensity score methods. Weighted generalized linear model regressions of hospital costs were estimated for the matched groups. Data Collection. Data were restricted to patients at least 18 years old with inpatient stays of between 7 and 30 days. Variables available included patient demographics, primary and secondary diagnoses, hospital costs incurred for the inpatient stay, and when/if the patient had a PC consult. Principal Findings. We found overall cost savings from PC of $3,426 per patient for those dying in the hospital. No significant cost savings were found for patients discharged alive; however, significant cost savings for patients discharged alive could be achieved for certain diagnoses, PC team structures, or if consults occurred within 10 days of admission. Conclusions. Appropriately selected and timed PC consults with physician and RN involvement can help ensure a financially viable PC program via cost savings to the hospital. Key Words. Palliative care, hospital cost savings, Palliative care (PC) is a relatively new and rapidly growing health care specialty filling important gaps in treatment and care faced by seriously ill patients and their families. PC aims [...]
- Published
- 2015
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