28 Jun CEO of predictive software start-up set to benefit from health reform ruling
[row][col sm_width=”10″ sm_offset=”1″]Nashville Post
The U.S. Supreme Court’s decision Thursday morning upholding the Affordable Care Act has surprised many. Among them is a local executive whose company, birthed from the legislation’s 2010 passage, stands to benefit substantially.[/col][/row]
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“This is a good day,” said Dan Hogan, CEO and co-founder of Medalogix, a provider of predictive modeling software designed to decrease the rehospitalization of home-care patients. “This means our work is necessary in October.”
Medalogix was launched after Congress passed the Affordable Care Act in March of 2010. Hogan and co-founder Gerry Andrady, chief technology officer, believe that homebound patients — and the health care companies overseeing their care — would benefit from a more in-depth analysis of the risks associated with these patients’ medications. Armed with that information, those groups would be better able to remediate that risk.
The point is to keep these folks out of the hospital — and, more essentially, to make sure these folks don’t return to the hospital within 30 days of discharge.
“If these patients are readmitted within 30 days with the same condition,” Hogan said, “penalties in the form of reduced Medicare payments kick in.”
That’s the last thing any health care provider wants to hear. The reticence to avoid such penalties gives credence to and purpose for Hogan’s enterprise.
“Sooner or later, outcomes will dictate payments,” he said. “That’s what’s beginning to occur now.”
The result is saved money, time and resources — a few of the things the Affordable Care Act was designed to address.
Hogan couldn’t be happier.[/col][/row]