Accountable Care Organizations (ACOs) are being formed throughout the United States in an effort to achieve higher quality care, an ability to participate in shared savings, and doing so by coordination among the providers, payers, and patients. ACOs need to achieve better results in care delivery while utilizing less resources, and reducing expenditures. As ACOs produce better coordination, greater reimbursement will follow. ACO’s have already been implemented in Medicare’s Physician Group Practice and demonstrated significant improvements in the quality of the care and savings.
While remote patient monitoring can improve efficiencies, existing Telehealth 1.0 systems, do not provide an effective means to facilitate the goals of the ACOs – primarily due to cost and challenges with infrastructure. These hurdles result in providers implementing telehealth solutions as a last resort – reserved for the most ill – to warrant the expense in funds and resources. At that point, a great deal of cost has already been incurred – producing a “reactive” care model. New technology and most importantly – a new infrastructure – is necessary for ACOs to demonstrate higher performance measures, coordinate local accountability and ultimately achieve shared savings.
That’s what makes MedApps different: we have the equipment and the infrastructure to support a larger vision.
Our products and services are backed up by the CloudCare platform. MedApps starts out at a lower cost than the established Telehealth systems making our products much more practical to implement from a savings standpoint with a broader group of patients. The real value however is magnified by our ease in deployment, equipment configuration, and maintenance of devices in the field – all remotely managed through CloudCare. Combined with our integration of lower cost, off-the-shelf, retail devices, MedApps, provides a much lower total cost of ownership, a greater return on investment and ultimately increased profits. MedApps is able to provide ACOs with a complete flexible “turnkey” including monitoring services with a contracted MedApps partner, integrating MedApps HealthCOM with the organizations’ staff, or supplying a continuous flow of timely accurate data directly to the enterprise health record (EHR) system.
Employers Look to ACO's to Help Increase Value, Keep Health Costs in Check