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The MIB Checking Service is provided by MIB, Inc. and exclusively marketed to health plans and insurers by MIB Solutions, Inc., both are MIB Group, Inc. subsidaries.
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Hospitalizing patients with diabetes costs 20% more than those without diabetes.
A report from the Agency for Healthcare Research and Quality1 found that diabetes increases the length of hospitalization and therefore increases cost regardless of whether it is the primary reason for admission. Interestingly enough only 1.4% of all hospital stays were for patients whose primary reason for admission was diabetes.
When a patient with diabetes was hospitalized, more often than not they had multiple co-morbidities, including hypertension, electrolyte disorders, chronic pulmonary disease, anemia, renal failure, obesity, congestive heart failure, hypothyroidism, depression and/or peripheral vascular disorder. Hospitalized patients with diabetes had on average 2.6 co-morbidities, as opposed to 1.3 co-morbidities for patients without diabetes.
MIB helps insurers understand the risk associated with diabetes as well as pre-diabetes indicators.
With such a great incidence and cost of hospitalization for patients with diabetes and multiple co-morbidities, it's vital to get an accurate read on a patient's health.
The MIB Checking Service reports on diabetes from multiple sources including attending physician statements and applicant reports. In addition, MIB reports ranges of elevated blood glucose tests as well as occurrences of abnormal A1c tests which, according to newly published guidelines for diagnosing and treating diabetes from the American Diabetes Association, is recommended as a better index of glycemic exposure than blood glucose to diagnose pre-diabetes and diabetes.2 These reports can play a large role in improving the profitability of your underwriting for diabetes.
Visit mibsolutions.com/health to learn how you can start saving your company hundreds of thousands of dollars with MIB. Call 781.751.6330 or email info@mibsolutions.com for more information.
1 Healthcare Cost and Utilization Project, August 2010
2 Diabetes Care, January 2010 33:S62-S69
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