Medicare’s stated goal is to have at least 90% of payments tied to quality and value by 2018. There can be no question. The time to act is now.
Providers can be skeptical. That’s understandable. The Caravan Health track record speaks for itself.
- Our ACOs have reduced hospital readmissions while increasing post-discharge visits to providers.
- Total expenditures per assigned beneficiary are down as are inpatient hospital and skilled nursing facility expenditures.
- Hospital discharge rates for COPD and asthma are down as are rates for congestive heart failure, bacterial pneumonia and emergency department visits.
- At the same time, local utilization of health care services are up, across the board, and so are revenue and savings.
We are dedicated to the proposition that process improvement works. When hospitals and doctors can identify and share effective solutions, everybody wins. We have seen this with our care coordination programs, our emphasis on science-based medicine and our innovative financial model, deploying CPAs and financial analysts from the top firms in healthcare to guide the transition from volume to value-based reimbursements.