Care Management Blog

There are cost-saving opportunities within value-based care. With digital solutions, such as care coordination software, it's possible to reduce exposure to financial risk and thrive. But how?

Reimbursement rates for Annual Wellness Visits (AWV) are tied to the program’s Current Procedural Terminology (CPT) codes. These codes help categorize and specify billing rules and requirements for the procedures, treatments, and care services related to AWVs. 

There are various software solutions that support care management programs, such as Chronic Care Management (CCM) and Remote Patient Monitoring (RPM), and value-based care initiatives. But how do you select the best tool for your practice? 

Regulations and evolving patient needs are changing healthcare reimbursement models. At the moment, physician practices and health systems must work with two prominent examples: value-based care and fee-for-service (FFS). 

Value-based care shifts a share of financial risk onto medical providers. Payers use this payment model to allocate incentives and reimbursements to practices based on the quality of care they deliver. So, what does this mean for you?

Implementing value-based care can help providers improve patient health and reduce care costs, but it has introduced new, overwhelming challenges to physician practices. 

Within value-based care, providers must meet specific performance metrics. To do so, care delivery must change and efficiency gaps must close. But that’s difficult to do. Organizational limitations, such as overworked clinical staff and a lack of adequate digital tools to streamline processes, stand in the way. 

Without software, Chronic Care Management (CCM) — or any other care management service —  will be difficult to deliver to your patients. Your practice or organization will need to leverage a digital care coordination solution to implement your program. 

If you’ve learned about care management programs, such as Chronic Care Management (CCM), Remote Patient Monitoring (RPM), or Transitional Care Management (TCM), you’ve realized how integral care coordination software can be. 

Pittsburgh, PA – (May 18, 2022) – ThoroughCare, Inc., an integrated care coordination software platform that enables healthcare providers to effectively deliver value-based care, has received a $3 million investment from Cypress Growth Capital. The investment of funds will be used to accelerate growth through platform technology enhancements, expand business development efforts into new markets, and nurture customer success initiatives.