Providing Quality Medical Services at Low Cost
healthcaretechoutlook

Providing Quality Medical Services at Low Cost

By Healthcare Tech Outlook | Thursday, February 07, 2019

Lynn Barr, Founder & CEO, Caravan Health

A strong communication system, which can connect physicians, nurses, and an extended care team even in situations of emergencies, is required to provide adequate medical care for patients. A number of healthcare companies use the pager systems as their main communication hub, a system that causes communication delays and is unconnected with the emerging digital possibilities for the patient records, payment gateways, and effective patient care.

Caravan Health began with a future-oriented group of doctors who acknowledged at an early stage the many challenges they would face to become a value model of payment and patient care. They focused on the patient and improved the overall health of the community by improving operational performance, employee development, community involvement, regional collaboration and effective use of useful information based on data that had not been previously available.

"We pay a lot of attention to the client business and their ROI. We have plans in place to double our operations in the coming year, marking grounds for exponential growth"

The healthcare landscape continues to change across the country. Caravan Health offers the specific programs needed to move the companies from quickly declining models of sickness and volume care to the new reality of wellness management and value-based treatment.

In August 2018, the Medicare and Medicaid Services (CMS) Centers released the final Pathways to Success rule. The final rule enhances the path of most Medicare shared savings companies to take risks more quickly, as expected. Ultimately, the final rule is a vote of confidence and support for a stable path through the shared savings program. The ultimate rule contains a number of positive changes from the proposal that was released in August. In the earliest years of ACO participation, CMS increased the proposed 25 percent sharing rate to 40 percent.  The proposed reduction to 25 percent had discouraged many ACOs from joining or continuing the program. In addition, CMS added additional flexibility to low-income ACOs and adjusted its proposed low-income threshold to include ACOs that receive less than 35 percent of the total Medicare fee-for-service revenue. CMS stated its intention to give the ACOs, including those comprising rural providers, more time to prepare them for risk.

Over the long term, the firm aims to offer patients throughout its network the highest quality medical services at the lowest possible cost. Lynn Barr concludes, “We pay a lot of attention to the client business and their ROI. We have plans in place to double our operations in the coming year, marking grounds for exponential growth.”

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