Value-based care is changing everything.
The movement to a value-based care, or accountable-care, model requires an organization to manage the patient’s continuum of care across multi-providers effectively and efficiently. It's basically a fixed-price payment model for a medical procedure and all related services for a period of time after discharge.
The Centers for Medicare & Medicaid Services(CMS) programs, such as Bundled Payments for Care Improvement (BPCI) and Comprehensive Care for Joint Replacement (CJR), are just the beginning. Employers and payer organizations are also looking for and implementing ways to cap spending via ACO programs and bundled payment programs.
These programs will continue to expand with the intent to significantly lower healthcare costs and improve quality to patients. It's a significant wave of change for the healthcare system, and will place new models and pressures on healthcare systems and providers.
Lifecycle Health is leading the way to enable healthcare to take advantage of technology to make a difference.