Value-based Care: The Post-pandemic Scenario and How Telemedicine Solutions Will Transform the Healthcare Landscape
- SolvEdge
- May 13, 2021
- 4 mins read
As healthcare leaders across the globe continue to grapple with the challenges and the complexities of the COVID-19 outbreak, the pandemic has shed light on the ground realities and the long-term impact that it could have on the healthcare policies, regulations and technologies. This has led to a paradigm shift in patient engagement, care coordination, revenue cycle models and various other components.
Get Your Own Telehealth Platform, Studies indicate that the COVID-19 is shockingly the third deadly, highly contagious, respiratory disease to explode in the past 18 years, while hospitals, practices and the health systems are relentlessly fighting to combat the effects of the global pandemic
Value-based payment has been through tremendous changes and a virtual explosion is expected post the COVID-19 scenario. Consider the fact that the transition from the Fee For Service (FFS) to the Value-based Care Models have permanently altered the healthcare landscape forever. Studies indicate that COVID-19 is shockingly the third deadly, highly contagious, respiratory disease to explode in the past 18 years, while hospitals, practices and the health systems are relentlessly fighting to combat the effects of the global pandemic. While it is difficult to gauge the financial impact that it would have on healthcare organizations, it is most likely that the capitated members will thrive in the post-covid 19 era.
Accurately code COVID-19 procedures and services to accelerate reimbursements from the CARES Act
Monitor, identify root causes and minimize denials
Proactively identify the most valuable and profitable elective procedures, specialty care and diagnostic services, which maximize revenues and margins
Single version of the truth on VBC, ACO, and PHM costs, KPIs and metrics
Risk-based approach to ACO and PHM to lower Length of Stay and 30-day readmission rates
Improve P4P metrics and performance to improve VBC reimbursements
Choose the most strategic locations for your next hospital, testing facility or warehouse for rapid responsiveness
Maximize ICU, ED, OR and observation room utilization and improve patient throughput satisfaction
Monitor, measure, analyze and control maverick (off-contract) buying
Telemedicine Solutions and Remote Patient Monitoring Platforms
Telemedicine platforms and Remote Patient Monitoring solutions (RPM), embraced by the Centers for Medicare & Medicaid Services (CMS) and private payers are quickly transitioning from promising technologies to inevitable sources of care delivery. Telehealth solutions prior to the COVID-19 scenario have been merely ambiguous technologies that were covered by only a very few health plans and policies. However, Telemedicine Solutions and Remote Patient Monitoring Platforms are at the forefront of patient engagement and care coordination solutionsdelivered in a more secure way to patients across the globe. The rapid deployment and adoption of telehealth platforms have compelled CMS to rollout new policies that support the applicability of disruptive virtual healthcare solutions at scale.
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CMS and all the key stakeholders involved in patient care now have a shared interest of leveraging the capabilities of Telemedicine Solutions and other virtual healthcare platforms to offer secure care and remote monitoring services to patients worldwide.
At SolvEdge, our patient engagement solutions are strategically designed to integrate telemedicine software and remote patient monitoring tools to deliver holistic virtual care solutions to our healthcare clients. Our comprehensive care coordination solutions are backed by a strong team of technologists, SMEs, Doctors and PhDs who work together to deliver seamless Customer Experiences (CX) and superior solutions.
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