The future of value-based care
Close care gaps with Care Team Collaboration
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Meet Quality Metrics Across the Entire Care Continuum
Value-based healthcare is a framework for healthcare delivery that encourages providers to focus on the quality of services provided rather than quantity by offering alternative payment models (APMs). Clear and accurate understanding of your patient panel’s diagnosis, clinical needs and treatments is paramount for ensuring you receive accurate reimbursement for the care you provide.
In a pilot study at Crozer Keystone Medical Group ACO, clinicians used CareAlign’s Care Orchestration platform combined with novel processes to manage their patient panel. This helped them increase RAF scores by 18% with a $3800 increase in per-patient reimbursement, compared to just $460 for the ACO’s clinicians that did not use CareAlign.
Value-Based Care organizations focus on improving the patient experience, improving the health of their patients, and lowering health-care expenditures. CareAlign supports these goals by giving clinicians a way to manage complex patient care with task management, streamlined documentation & two click access to labs and vitals.
Who it’s for
How Care Team Collaboration improves Value-Based Care
CareAlign Enables Better Value-Based Care
Value-Based Care Organizations improve RAF scores by 18% with the help of CareAlign’s Care Orchestration Platform
Cost reduction
According to McKinsey Consulting projections, Value-Based Care implementation in chronic diseases could achieve savings of 9 to 16% on the total healthcare providers’ budget. At a systemic level, this would lead to an average “30% decrease in the average annual increase in national health expenditures”.
Increased patient satisfaction
When the focus is on the quality of treatment rather than quantity, and on preventative care along with chronic disease management, the quality of healthcare improves. Value-based care initiatives, on average, result in improved patient satisfaction with healthcare plans.
Reduction in medical errors
Medical errors can be reduced with value-based treatment. Medical errors are a major source of concern for insurance sponsors, who have discovered that a significant portion of their money is spent on treatments that are either hazardous or ineffective. As a result, more businesses are relying on value-based care to cut down on medical errors.
Healthier society overall
Value-based care improves society’s overall health while also saving money. Hospitalizations and medical emergencies would be reduced, and money spent on chronic illness management would be reduced. As a result, the overall cost of healthcare is lowered.
Prices aligned with patient outcomes
The value-based care paradigm, which focuses on patient outcomes and lower costs, can also benefit suppliers. This may be enticing as the cost of prescription drugs continues to rise. Stakeholders in the healthcare industry have discussed basing medicine costs on their worth to patients.
Keeps patients informed
Patients are better able to stay informed when value-based care is based on shared data in the form of EMRs. Having all of the patient’s medical information in one location allows them to take proactive preventative steps while spending less money.
Closing Care Gaps
Many organizations understand what they need to do to reduce care gaps, but the constraints and complexities inherent in the techniques outlined above hamper their efforts. CareAlign’s Care Orchestration platform is backed by a robust technological platform that provides a system-wide view of the patient and ensures that the appropriate action is done at the appropriate moment, every time.
Increased Reimbursement
Value-based payments are calculated using a variety of quality measures and a population’s overall health. Value-based care, unlike the traditional model, is driven by data since providers must report on particular metrics and demonstrate improvement to payers. Hospital readmissions, adverse events, population health, patient engagement, and other metrics may be tracked and reported by providers.
Who it’s for
How Care Team Collaboration improves Value-Based Care
We provide a safe, HIPAA-compliant workspace for clinicians to manage patient care.
Our security framework is built based on SOC 2 requirements, ensuring all PHI is secure.
CareAlign seamlessly integrates with any EHR, HIE or other healthcare solution, bringing all the needed data in one place.
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