Care management service providers—the companies to which physicians and their practices outsource their programs—are becoming increasingly popular.
This growth comes from providers launching internally staffed programs and realizing it’s beyond their bandwidth. Or, they struggle with scaling their program or managing the process and billing.
Alternatively, some organizations want to start new programs, but they’re unsure whether it’s worth the investment and staffing. Others use outsourcing to pilot a new service and test whether they wish to develop their own.
In each situation, it’s crucial to understand the potential benefits of outsourcing care management. Providers should have an approach for thoroughly vetting a care management service organization.
There are numerous benefits to implementing a Chronic Care Management (CCM) program.
Outsourcing can free up physician and staff time by reducing administrative burden.
Service organizations enable clinics to focus on in-office patient care rather than coordinating CCM logistics. Working with additional professional staff can also extend CCM to a larger population.
A care management service company can launch a program quickly compared to what may be required in-house, starting fresh. A capable third party already has the necessary processes and technology in place, reducing time-to-enrollment.
Additionally, outsourced services should ensure seamless program expansion without quality compromise. These companies are staffed to support large patient populations.
Care management service providers can offer highly skilled care coordinators experienced in managing various chronic conditions and working collaboratively with patients. Since they focus exclusively on care management, they can be well-versed in best practices for running successful programs.
Care management companies are typically up-to-date on relevant regulations and support strict adherence.
A critical focus is on maintaining accurate documentation and submitting Medicare reimbursements.
Taking responsibility for billing and documentation supports a compliant program without adding extra work to the physician or clinic staff.
Technology, clinical services, and data analytics can enhance patient engagement between office visits. Care management can increase patient compliance with care plans, improve health outcomes, and reduce hospitalizations.
It also adds another layer of oversight through monthly patient contacts, progress tracking, and continuous communication with healthcare teams.
Outsourcing allows clinics to optimize their internal resources. It decreases the need to hire and train additional staff, thus lowering overall operational costs.
Providers also avoid other expenses, such as new technology platforms and infrastructure, that the outsourced vendor bears.
Outsourcing CCM can generate significant financial returns. Some estimates suggest managing 100 patients a year can yield $80,000 in new service revenue.
At ThoroughCare, we recommend that our provider clients manage about 250 patients per assigned care manager. With 250 enrolled patients, the practice could generate between $150,000 and $352,500 in gross revenue annually before deducting the service provider’s percentage or fee.
Plus, many CCM service companies do not charge upfront costs and instead split Medicare reimbursements with the clinic.
Assessing a potential third-party care management service provider can be daunting. There are several critical areas to consider, along with our recommendations on what to look for and what to avoid.
Armed with these, providers can assess the best fit between the clinic’s needs and the vendor’s offerings.
It’s vital to vet the firm’s experience and the certifications held by the staff who will have direct contact with patients.
A designated person on the internal care team is accountable for CCM activities—whether outsourced or in practice.
In addition to confirming clear and appropriate responsibilities with patients, explore the firm’s experience and competence with policy requirements, such as from the Centers for Medicare and Medicaid Services (CMS). This includes eligibility, documentation, service delivery, and billing.
What breadth and depth of care management services are offered? Chronic Care Management should be provided at a minimum.
Learn what specific software platform they use for managing patients and their care management programs.
Can you receive a demo? Look for essential features, such as:
Look for how the software uses artificial intelligence to automate and streamline documentation, pre- and post-patient contact notes, and auto-generate next steps.
In addition to staffing and software, it’s vital to understand the operational standards that underpin the program’s outreach and patient engagement.
A care manager regularly engaging a patient is key to building rapport, knowledge, and trust.
The financial agreement between the care management service company and the provider is critical. The same is true for the economic health of the program.
Since 2017, MetaPhy Health has assisted GI providers with care coordination, supporting clinicians in managing complex diseases, and utilizing data to mitigate risk.
ThoroughCare helped MetaPhy Health implement and scale Chronic Care Management and Remote Patient Monitoring to more than 24,000 patients.
Through robust analytics and reporting, MetaPhy Health tracks key performance metrics to inform management and care decision-makers. The company supports its clients in managing complex diseases.
ThoroughCare’s group functionality features help enable MetaPhy Health to seamlessly support multiple sites and patient populations. The software helps facilitate operations across the entire healthcare organization, as well as individual care sites or office locations.
ThoroughCare gives care management service companies the foundation for delivering effective, patient-centered care coordination. We help companies follow best practices.
ThoroughCare offers a comprehensive software platform, featuring evidence-based tools, data analytics, time tracking, and communication between teams and patients. Create, enroll, and engage new populations and stand up new programs quickly.
Everything a service provider needs to deliver high-quality care is available with ThoroughCare.
There are numerous benefits to outsourcing a Chronic Care Management (CCM) program, including:
There are several critical areas to consider when vetting a potential care management service company, including: