Multiple studies have shown that value-based care based on best practices is becoming the new standard of care. You know what this means: The cost of healthcare will be measured not only by the services you receive but also by the care you need. And as a result, value-based care will revolutionize long-term community health care models, hospital and oral health workflows and home health services.
Your self-esteem declines day by day as a result of having a chronic illness because it lasts for a long time. Chronic conditions are those that a person has had for longer than a year, and for these conditions, chronic care management is determined to help.
The benefits of chronic care management for patients include ongoing support for their health and wellness, improved access to necessary medical resources, better communication with associates of their care team, a decrease in ER visits, hospitalizations, or readmissions, and a rise in self-management of their own health.
When we talk about value-based care, it is a method of providing healthcare in which healthcare professionals, such as hospitals and doctors, are compensated according to the health of their patients.
Let’s talk briefly about value-based care
Ideally, the best approach to implementing a patient-centered model is to bolster your strength, so it fits in with your current frameworks. This ties in well with value-based medicine, which aims to help secure clinical outcomes and improve the quality of care provided throughout your lifetime.
Value-based care is often considered one of the key components of sustainable healthcare reform. There are multiple ways in which it can be applied, including system-level interventions and process improvements, as well as tool-oriented interventions within clinical settings.
Value-based care agreements compensate healthcare professionals for assisting patients in making evidence-based improvements to their health, lowering the incidence and consequences of chronic disease, and leading healthier lives.
A value-based healthcare system benefits patients, health professionals, funders, distributors, and society.
And when we talk about RPM, i.e., remote patient monitoring, it refers to the use of contemporary digital innovations to track and record patient health-related and medical data. The initiative provides patients with free medical equipment to make it easier to manage conditions that may be checked at HWS’s office.
To be evaluated, all of this data can be electronically uploaded to the systems of healthcare providers. Patients can be provided the guidance they need for a better healthcare system if necessary.
Physicians can now regularly monitor patient health data thanks to technology. Additionally, it encourages people to take more control over their health.
Reasons why chronic care management and remote patient monitoring play a key role in value-based care
There are several reasons why remote patient monitoring and chronic care management are essential components of value-based care.
Remote patient monitoring is essential because it allows patients to monitor their health status with little to no intervention by the healthcare provider. This can prevent unnecessary hospital visits and reduce healthcare costs.
Chronic care management is essential because it improves the quality of life for patients with chronic diseases such as diabetes or heart disease. By adjusting treatment plans based on patient-reported outcomes, physicians can tailor medication dosages and other treatments to meet individual needs more cost-effectively.
We have additional reasons why these two are critical for value-based care.
1. Clinical interventions are given to patients using CCM and RPM
Patients with chronic illnesses who participate in routine monitoring programs interact with their remote care nurses as well as their providers’ offices. With the added maintenance care, it is simpler to spot any warning signs and launch the necessary response before they encounter a crisis.
Remote care nurses intervene and alter the course of care when they can identify problems earlier.
2. Engagement results in accomplishments
Regardless of how well-intentioned statistics may be, when they take up so much time, patient involvement suffers. The gap between box-checking and patient participation is bridged by chronic care management and remote patient monitoring.
Chronic patients will interact frequently and develop intimate ties with their remote caregivers, who will then collect clinical data because they want more individualized support.
3. By lowering use, CCM and RPM offer an effective foundation for value-based care
Chronic care management and remote patient monitoring decrease use and alter how patients and clinicians view care.
This phenomenon was illuminated in a dazzling new way by COVID-19. Patients with chronic illnesses, who consequently are more susceptible to the coronavirus, avoided the clinical environment, particularly emergency rooms.
However, with CCM, they could control their illness and maintenance treatment in a more contained environment, usually at home. They also had a strong and direct relationship with their clinicians.
4. Using CCM and RPM to empower primary care
Primary care is the point of entry into the healthcare system and is primarily in charge of routine maintenance, preventative care, and avoiding hospitalization.
Chronic care management and remote patient monitoring enhance the effectiveness of primary care.
Any value-based care model needs effective and suitable primary care to become a reality. However, the difference in spending demonstrates that the nation hasn’t yet found a solution.
Both CCM and RPM have the potential to have a great deal of impact on the healthcare system in the coming years. The technologies are set to grow exponentially as more devices and structures become available for remote monitoring at various stages in an individual’s life.
Remote patient monitoring and chronic care management are two essential components of value-based care, ultimately striving to achieve the better health outcomes that patients want and the lower healthcare costs that payers need.
While remote patient monitoring and chronic care management certainly have their challenges, the ability to measure, monitor, and manage can help providers get closer to the ultimate goal of providing the best possible care for patients at an affordable cost for all stakeholders involved.
Ultimately, remote patient monitoring and chronic care management offer insights so that providers can provide tailored recommendations to help patients not only live longer but also live better.
There are many factors to consider when choosing a health wealth safe. One of the most important factors is the role that CCM & RPM play in value-based care. This company uses data and analytics to identify and track trends in customer behavior and then use this information to improve patient outcomes. This helps patients save money while remaining healthy, and it also creates a valuable resource for future generations.
Judah Coody is the Marketing Director at Health Wealth Safe. He is a marketing graduate from Louisiana Tech University. Judah is experienced in project management and marketing analytics tools.