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Deutsche Bank - Home Health Analysis
HMP's Data Mining Skills Help Deutsche Bank Pinpoint Impact of Proposed Payment Changes On Home Health Agencies
With the Centers for Medicare and Medicaid Services (CMS) proposing to cut home health spending by more than $6 billion over five years, Deutsche Bank's Home Health Care Services Group needed to assess the impact on the key providers. Deutsche Bank enlisted the expertise of Healthcare Management Partners to analyze the highly complex proposed changes.
Recognized for its considerable CMS research experience, HMP began by applying for access to critical government data. After a formal review that lasted several months, CMS granted the request and allowed HMP to purchase data files that contain all the home health claims level data that exists.
Through an intensive effort, HMP sorted and organized the information to analyze it by company. It also developed regional peer groups. The HMP and Deutsche Bank team pulled together hundreds of data elements for the analysis, with a focus on such key metrics as episodes, visits and revenue.
The results were clear: Faced with the most ambitious proposed overhaul in the industry since 2000, the for-profit home care agencies that provide nursing, rehabilitation and other services are at risk for the biggest hit to reimbursements. With HMP's critical help in procuring, organizing and analyzing the data, Deutsche Bank was able to develop revised earnings estimates for the home care companies that it tracks for investors.
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