Effective remote patient monitoring solutions help reduce cost, hospitalizations and readmissions
NEPTUNE BEACH, Fla.–(BUSINESS WIRE)–September 13, 2016–
New patient engagement technology is moving patient care into the future, as providers adapt to new models of care and payment reform under Medicare. A unique partnership between MedAxiom, the nation’s leading cardiovascular performance community, and ChronicCareIQ, creator of the first automated chronic care management solution, makes it easier for physicians to engage and manage patients with complex chronic diseases in real time, with the goal of reducing cost, hospitalizations and readmissions. ChronicCareIQ proactively prompts patients for updates on their health status through their smart phones. Those trending poorly or who have crossed clinical thresholds are brought to staff’s attention on a color-coded dashboard within the office that simultaneously tracks and automates compliance with Medicare’s CCM payment reform.
“We are pleased to announce ChronicCareIQ as a corporate partner and endorse them as a Chronic Care Management (CCM) provider to our membership,” said Dr. Joseph Sasson, vice president of strategic initiatives at MedAxiom. “This technology gives physicians and medical staff more touchpoints with their patients, so they’re able to respond quickly if a patient is having complications after leaving a medical facility. It will dramatically improve patient care and control patient costs for our provider members.”
Managing complex chronic diseases can be costly. Consider:
- 84% of all health care spending is on patients with one or more chronic diseases
- 68% of Medicare patients have two or more chronic diseases
- 50% of American adults have a chronic disease
In light of these statistics, and as health care quickly moves from fee-for-service to value-based care, improving outcomes and reducing costs will become essential. Providing solutions that are easy to use for both the patient and the provider creates greater opportunity for success. Customers have reported that ChronicCareIQ’s products offer the right mix of ease and efficiency for patients and providers.
“We have not had any patient who has not appreciated the service. We’re able to base treatment decisions on much more data than a single office visit provides and have been able to prevent progression of the disease process earlier. Our patients feel more secure and have become more proactive and participatory in their own care,” said Dr. Brian Flowers, Cardiologist, Birmingham Heart Clinic.
Since the launch of the ChronicCareIQ program across the country, patients report feeling ‘more secure,’ knowing the practice has eyes on their numbers. Physicians share that clients feel better cared for and that their teams are better informed. As the program rollout continues this week, ChronicCareIQ will be analyzing more than 20,000 patient-provided data points to help doctors identify which of their at-risk patients need immediate attention.
“In this new era of value-based care, providers are responsible for a patient’s full continuum of care,” said Matt Ethington, president and CEO of ChronicCareIQ. “To be successful, that will require more than episodic awareness of a patient’s status. With patient engagement that averages between 85% and 93% on a weekly basis, our platform is the easy-button solution for true chronic care management. Patients enjoy better health with fewer adverse events, CMS and the payers benefit from reduced costs, staff spend less time on the phone and the practice adds new and significant recurring revenue through Medicare’s CCM program and other quality initiatives.”
About MedAxiom
MedAxiom is the nation’s leading cardiovascular performance community, providing expert consulting, networking and membership services including data analytics, program excellence tools and educational events. The privately-held company was founded in 2001 by Jennifer Linville and is based in Neptune Beach, FL. For additional information, visit: http://www.medaxiom.com.
About ChronicCareIQ
ChronicCareIQ, the industry leader in patient engagement and disease management platforms, enables healthcare providers to monitor at-risk populations through their smart phones and identify specific individuals in real time to prevent disease progression, decompensation, hospitalization or re-admission. In addition to tangible benefits to the patient and improved outcomes, practices add significant net new revenue through Medicare payment reforms while automating compliance. Learn more at: http://www.ChronicCareIQ.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160913005277/en/
MedAxiom
Dana Carpenter, 904-372-2164
dcarpenter@medaxiom.com
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