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MedAxiom, a cardiovascular performance company, has joined ChronicCareIQ, creator of the first automated chronic care management, to make 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 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 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.”
Statistics have shown that 84 percent of all healthcare spending is on patients with one or more chronic diseases, 68 percent of Medicare patients have two or more chronic diseases and 50 percent of American adults have a chronic disease. In light of these figures, 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,” said Brian Flowers, cardiologist at Birmingham Heart Clinic.
“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.”
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 chief executive officer of ChronicCareIQ.
“To be successful, that will require more than episodic awareness of a patient’s status. With patient engagement that averages between 85 percent and 93 percent 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.”
MedAxiom, US, Cardiovascular healthcare, Healthcare, Insurance, ChronicCareIQ,