Nashville-based Medalogix, a provider of software that predicts and ranks risk in patients for home health agencies, is expanding its reach into hospice.Inking a deal with Alacare Home Health & Hospice, an Alabama-based company with 23 locations, Medalogix is expanding its platform to include new tools and measures that pinpoint when to transfer patients into hospice care, an often-difficult decision for family and providers.
The new offering and deal are a significant growth step for the company, which launched in 2009, catapulting it from 11 to 33 client locations. For Medalogix CEO Dan Hogan, the expansion into hospice is only the beginning. Hogan sees the wealth of data out there, waiting to be mined, as a source of growth opportunity for his company.
“If you look at the spectrum of health care providers … there is an intended outcome for every patient transferring in and out of all of those venues,” he said. “We are in a position to provide a probability measure for any patient coming in or out of any of those settings. … All that historical data is there, we are just now on the frontier of extracting it.”
The company estimates that the hospital readmission rate has decreased by 36 percent at existing home health locations where the core Medalogix predictive modeling software is used.
The company is looking into expanding next into skilled nursing. It’s set to launch a pilot program with a 10 facility company in Ohio later this year.
Eventually, though, Hogan plans to expand the company’s presence beyond the long-term and elderly care sector.
“We ultimately want to be a data analysis company and work on all [electronic medical record] platforms, not specific to a certain service,” he said. “We want to be the absolute best analysis button on that EMR.”