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Force Therapeutics Reduces 30-Day Readmissions, New Study Shows

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Research demonstrates hospitals using Force Therapeutics care management platform benefit from significantly lower excess readmissions, positioning them for success under TEAM

NEW YORK, Nov. 6, 2024 /PRNewswire/ — Force Therapeutics, the leading orthopedic digital care management platform, announced today the release of new research demonstrating how hospitals that use the platform, compared to those that do not, exhibit much lower excess readmission rates. In addition, within a single organization, sites that do use Force Therapeutics were shown to have substantially lower excess readmission rates compared to sites that do not.

This research stemmed from the recent announcement from Centers for Medicare & Medicaid Services (CMS) surrounding the introduction of the Transforming Episode Accountability Model (TEAM), a new mandatory payment model aimed at reducing costs and improving care quality across five episode categories: lower extremity joint replacements (LEJR), surgical hip/femur fracture treatments (SHFFT), coronary artery bypass grafts (CABG), spinal fusions, and major bowel procedures.

Similar to previous bundled payment models, hospitals mandated to participate in TEAM will be required to maintain 30-day episode spending below a certain target price, subject to care quality adjustments. Those who succeed will receive financial incentives, while those who exceed the target price will be required to issue repayments to CMS. Within this context, excess readmissions–which are associated with significant costs–carry an outsized impact on 30-day episode spending, making it absolutely critical that hospitals work to eliminate avoidable readmissions to the best of their abilities.

The research is based on data obtained from the CMS Hospital Readmission Reduction Program (HRRP) for the period of July 2019 through June 2022. In the first part of the study, all hospitals in the HRRP were grouped into 3 categories: Hospitals that used Force throughout the study time frame, hospitals that used Force during part of the study time frame, and hospitals that have never used Force. Hospitals in the first category demonstrated on average an excess readmission rate of 0.98, reflecting less readmissions than expected based on patient population risk factors, while the other two categories saw excess readmission rates of 1.04 and 1.01. The analysis clearly illustrates how hospitals using Force outmatch their counterparts and benefit from substantially lower readmissions, supporting higher quality care for their patients and lowering their Medicare cost expenditures.

In the second part of the study, one large academic health system was selected for a site by site investigation; two of the organization’s sites had been using Force, while a third site was not. Among the two sites using Force, excess readmission rates stood at 0.94 and 0.87, while the third site not using Force had an excess readmission rate of 1.25. Once again, this data shows how slight variations in care, even between sites within a single hospital system, can lead to drastically different quality of care results. With Force, care standardization at scale minimizes outliers, enabling hospitals to provide smarter value-based care.

“As the beginning of TEAM in January 2026 approaches, our team and partner care organizations are working to ensure that all the components of delivering high-quality value-based care are in place well ahead of time,” said Bronwyn Spira, CEO, Force Therapeutics. “With our platform, hospitals can fully engage their patients to capture important insights remotely, setting the stage for successful post-operative home recoveries and avoiding highly costly and stressful adverse events such as readmissions, despite the increasingly short amount of time these patients spend in the hospital setting.”

Force Therapeutics, says Spira, enables hospitals to comprehensively prepare patients for surgery and offer in-depth virtual support at every step of the recovery journey. Beyond minimizing readmissions, this empowers patients and providers to designate clear patient expectations and enable shared decision making, which has been shown to result in higher patient satisfaction and superior functional outcomes.

This is accomplished through gold-standard pre- and post-operative education to prevent complications (such as infections and blood clots); actionable watchlists to provide visibility into patient progress and enable early intervention; remote monitoring and smart alerts to flag signs of challenging recovery journeys; and direct communication tools to quickly address questions and avoid ED visits. The platform also boasts an unparalleled level of patient engagement and long-term PROMs capture rates, supporting regulatory compliance and quality improvement initiatives.

Access the new study here.

About Force Therapeutics
Force Therapeutics is the leading orthopedic digital care management platform, designed to help clinicians effectively manage patients’ rehabilitation and recovery remotely using evidence-based care pathways. The platform leverages video and digital connections to directly engage non-operative and operative patients at every step of the care journey. Backed by millions of clinically validated patient data points and insights from more than 70 leading healthcare centers across the country, Force Therapeutics is proven to reduce care variation, lower overall costs, maximize care team efficiency, and improve patient outcomes and satisfaction.

View original content to download multimedia:https://www.prnewswire.com/news-releases/force-therapeutics-reduces-30-day-readmissions-new-study-shows-302293425.html

SOURCE Force Therapeutics

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Oberon Securities Advises Keens Steakhouse in Sale Transaction

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Oberon Securities acted as exclusive advisor to Keens Steakhouse in the sale transaction.

NEW YORK, Nov. 23, 2024 /PRNewswire-PRWeb/ — Oberon Securities, a New York-based middle market investment banking firm, acted as exclusive advisor to Keens Steakhouse in the sale transaction announced yesterday.

With more than 70 senior bankers serving businesses across the country and around the world, Oberon is one of the fastest growing New York City based middle-market investment banking firms. Its clients benefit from the market credibility associated with the firm’s longstanding relationships with many of the nation’s largest and most prestigious institutional investors. Oberon’s approach has generated numerous long-term, multi-transaction client engagements and attracted investment bankers who have spent their careers working with middle-market companies.

Media Contact

Steven Alschuler, Oberon Securities, 1 917-647-2151, steve@alschulerpr.com, https://oberonsecurities.com/

View original content to download multimedia:https://www.prweb.com/releases/oberon-securities-advises-keens-steakhouse-in-sale-transaction-302314708.html

SOURCE Oberon Securities; Oberon Securities

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Specified Technologies Inc. Unveils Firestop Clash Management and Locator Updates

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SOMERVILLE, N.J., Nov. 23, 2024 /PRNewswire/ — Specified Technologies Inc. has announced their latest Firestop Clash Management (FCM) and Firestop Locator (FSL) releases. FCM automates the process of locating and assigning firestop solutions to conditions within Autodesk® Revit®, enabling firestop novices to find firestop solutions like a firestop expert. In this latest release, STI has further expanded the capabilities of FCM by integrating it with their firestop documentation and compliance tool, Firestop Locator (FSL). FSL enables contractors and facilities’ teams to document the status, location, and products used for any and all fire life safety services across a building.

In the latest update for FSL, teams can now create custom items to track any service on their project beyond the base six (Penetration, Joint, Extinguisher, Door, Damper, and Barrier). Teams can also modify the base six items to include project specific inspection and maintenance requirements and any other details that they would like to be tracked.

With this new integration, decisions made during the design phase of a building using FCM are seamlessly passed into FSL during the construction phase, giving implementation teams a jump start on work to be done. This integration also improves data integrity and eliminates the guesswork in the field of determining what firestop systems and products are to be used where.

“We’re proud of the latest releases of FCM and FSL and look forward to continuing to support the fire life safety community,” says Justin Pine, Sr. Manager of Software & Services.

Specified Technologies Inc. promotes life and building safety by developing innovative fire protection systems and accompanying digital tools that help stop the spread of fire, smoke, and hot gases. Our SpecSeal® and EZ Path® product lines are engineered for easy installation and deliver powerful performance, often resulting in lower installed costs. Since firestopping is our only business, we concentrate all our resources on providing the highest quality, fully tested, innovative firestopping solutions.

Contact: Jess Bern; jbern@stifirestop.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/specified-technologies-inc-unveils-firestop-clash-management-and-locator-updates-302314629.html

SOURCE Specified Technologies, Inc.

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ZICC: Internet Experts Pay Attention to the Development of Artificial Intelligence

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BEIJING, Nov. 23, 2024 /CNW/ — During the Wuzhen Summit of the World Internet Conference, ZICC interviewed Internet experts from all over the world.

Lampros Sterg, UNESCO Chair in AI & Data Science, said that AI can accelerate social progress, but it needs to be used properly to avoid its negative effects in order to benefit citizens and society. Latif Ladid, the president of the IPv6 Forum, called for the establishment of a global governance system to allow artificial intelligence technology to serve humanity for good. South Korean computer scientist Kilnam Chon shared insights on AI’s positive role in healthcare. He urged global efforts to ensure AI safety and prevent its misuse in weapons. Indian entrepreneur Bibin Babu said he believes that AI will not replace humans, but will create more new jobs.

View original content to download multimedia:https://www.prnewswire.com/news-releases/zicc-internet-experts-pay-attention-to-the-development-of-artificial-intelligence-302314745.html

SOURCE ZICC

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