DALLAS--(Loopback Analytics, a care transitions management platform provider, has been selected to provide the technology platform for Walgreens WellTransitionsSM, a coordinated care program that brings hospitals and health systems together with Walgreens (NYSE: WAG) (Nasdaq: WAG) to reduce readmission rates and health care costs, while improving patient health outcomes and medication adherence.)--
“Our relationship with Walgreens substantiates the effectiveness of the Loopback Analytics platform to help health care professionals achieve positive outcomes for patients”
The Loopback platform helps Walgreens pharmacists manage patients enrolled in the program from the point of admission, through hospital discharge and transition to the home. The technology provides data and analytics to participating hospitals to help meet their program goals, with real-time patient readmission information, root cause analysis and more.
“Our relationship with Walgreens substantiates the effectiveness of the Loopback Analytics platform to help health care professionals achieve positive outcomes for patients,” said Neil Smiley, president and CEO of Loopback Analytics. “The innovative WellTransitionsSM program demonstrates how our solution can be leveraged to mitigate preventable readmissions, while improving patient satisfaction and helping to control costs.”
WellTransitionsSM was launched in 2012 and has already proven instrumental in helping hospitals reduce costly patient readmissions while improving adherence to medication therapies. In fact, preliminary study findings suggest patients in a Walgreens care transition program had 40 percent lower odds of readmission within 30 days following discharge1.
“We understand that discharge from the hospital, new medication therapies and follow-up care can be overwhelming for patients and caregivers,” said Joel Wright, Walgreens vice president of health systems operations. “Loopback’s technology helps us to manage patient interaction from admission to discharge, while making the process easier for patients, pharmacists and hospital staff. By simplifying care transitions from the hospital to the home environment, the program can continue to drive positive results for hospitals while supporting our mission to help patients get, stay and live well.”
Loopback Analytics’ SaaS-based platform integrates data across a myriad of health care information systems, empowering providers to identify at-risk patient populations, match them with appropriate interventions and evaluate results to ensure consistent quality care. With two-way multimodal communications, the solution allows patients and caregivers to stay connected after hospital discharge. Dashboard reporting provides real-time analysis to measure clinical and economic efficacy of various care interventions.
As the nation's largest drugstore chain with fiscal 2012 sales of $72 billion, Walgreens (www.walgreens.com) vision is to become America’s first choice for health and daily living. Each day, Walgreens provides more than 6 million customers the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice in communities across America. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with respiratory services. These services improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. The company operates 8,071 drugstores in all 50 states, the District of Columbia and Puerto Rico. Take Care Health Systems is a Walgreens subsidiary that is the largest and most comprehensive manager of worksite health and wellness centers and in-store convenient care clinics, with more than 700 locations throughout the country.
About Loopback Analytics
Founded in 2009, Loopback Analytics is a pioneer in empowering health systems and post-acute care organizations to more effectively manage care transitions and reimbursement challenges in a “pay-for-outcome” environment. The company’s comprehensive management platform helps identify at-risk patient populations, match interventions and measure efficacy to improve clinical and financial outcomes. For more information, visit www.loopbackanalytics.com.
1 Healthcare Financial Management Association Leadership Bulletin – Feb., 2013