Formation Healthcare launches new evaluation application
A new evaluation tool has been released by Formation Healthcare Group to help SNFs complete post-acute risk evaluations.
PARA-SCOPE is an application that enables providers to analyze data summaries and identify areas of risk. Using the company's proprietary risk ratings, the tool compares providers' information and evaluation benchmarks to produce specialized reports.
“The need for an on-demand, comprehensive tool to assess performance and risk that is descriptive, predictive and prescriptive is critical to understanding clinically-related exposures for many stakeholders,” said FHG Senior Vice President Trissie Farr.
PARA-SCOPE's summary reports include a wide range of information such as rehospitalization rates, quality measures and Five-Star ratings.
The tool is available on demand and offers access to either an assisted living or a skilled nursing version of application.