Through real-time admission, discharge, and transfer (ADT) data, a diverse nationwide network of approximately 9,000 healthcare providers, plus workflow solutions that optimize patient outcomes, PatientPing allows ACOs to improve the quality of care for patients while simultaneously decreasing waste and cost.
FREMONT, CA: PatientPing, the nation's leading care collaboration platform, has declared that its national network of Accountable Care Organizations (ACOs) earned a total of $263,780,912 in shared savings under the Centers for Medicare and Medicaid Innovation's (CMMI) Next Generation ACO Model for Performance Year (PY) 2019. This marks a 76 percent increase in total earned savings for PatientPing customers that took part in the model from 2018 to 2019. More than 50 percent of the top 20 ACOs to earn shared savings in the PY 2019 Next Generation ACO Model, and three of the top five are members of PatientPing's network. Moreover, PatientPing customers achieved an impressive 93 percent average pay-for-performance quality score.
Through real-time admission, discharge and transfer (ADT) data, a diverse nationwide network of approximately 9,000 healthcare providers, plus workflow solutions that optimize patient outcomes, PatientPing allows ACOs to improve the quality of care for patients while simultaneously decreasing waste and cost. Having important patient context at the point of care improves care coordination amongst providers, and improved visibility into post-discharge referral patterns supports safe care transitions and better patient retention. These insights also enable ACOs to monitor the utilization to direct patients to the right site of care and also decrease unnecessary acute and post-acute care utilization.
In addition to the Next Generation ACO Model, PatientPing's network includes thousands of providers that also take part in the Medicare Shared Savings Program (MSSP) and other value-based-care delivery models. Building upon learnings from these initiatives, the Centers for Medicare and Medicaid Services' (CMS) new Direct Contracting Model is set to start on April 1, 2021. The model offers participants increased risk options and is an integral component of CMS's strategy to redesign primary care as a platform to allow for reductions in costs. Through PatientPing's real-time notifications as well as interactive performance dashboards, direct contracting entities (DCEs) can allow post-discharge follow-ups to support beneficiary engagement strategies and also transitional care management workflows and engagement for preventative services and power strategies and care team workflows to decrease avoidable readmissions.
"PatientPing is proud of the diversification and growth of our network of ACOs and the work they do to deliver high-quality care to Medicare patients," stated Jay Desai, co-founder and CEO of PatientPing. "Their ability to provide cost-efficient and coordinated care is at the heart of the Next Generation ACO model and other value-based-care programs, and we are pleased to have played a role in enabling our ACO partners to meet their goals of optimizing encounter efficiency and reducing avoidable utilization through improved care coordination. We expect continued success for our network of ACOs as value-based-care models further evolve and increase in importance."