As the country’s leader in accountable care, Caravan Health knows that ACOs must build a foundation of financial sustainability. Old ways of doing business simply won’t get the job done. In our new explainer video, you can learn how solid finances, based on new streams of revenue, data analytics, and shared savings, help you weather the unexpected and create lasting change for better patient care.
Watch our video about how to sustain an ACO financially:
Caravan’s population health-based business model generates returns through valuable preventive services like annual wellness visits, chronic care management, and advance care planning. These initiatives improve patient care and bring in immediate revenue that sets the stage for shared savings. And it works - in 2019 and 2020, $120 million in shared savings went right back to our providers doing the work of practice transformation.
The Caravan delivery team, led by a dedicated Regional Vice President, is ready to get your team started. Our new workflows and updated processes will start even before you even launch your ACO. Your regional team will train your ACO champion and staff so you can track progress using Caravan’s suite of technology tools. Our value-based care platform, Caravan Coach, includes intuitive modules with everything you need to excel at ACO work. Coach allows you to identify care gaps and coding opportunities using HCC dashboards and facesheets. Coach has dashboards for forecasting, ROI projects, CMS reports, and more to ensure you always have a pulse on performance.
We can help optimize 340B prescription drug discounts for our safety net facility clients. Coach is also your gateway to prescription drug management, you can see where patients are getting drugs, who is prescribing, and whether 340B discounts are captured by covered entities. Our view into data and targeted workflows can more than double current 340B revenue.
We are so sure of our methodology that Caravan will take on at least 75% of downside performance risk for our ACO clients – 100% if you are rural. Caravan Health makes the numbers work for accountable care.
Contact Caravan Health to learn more about why we lead the nation in accountable care sustainability.