Pursuing Value in Long-Term Care
Pursuing value in long-term care starts today. To improve care quality for its more than 6,000 beneficiaries, LTC ACO has joined forces with Third Eye Health, the leading virtual provider for post-acute and long-term care.
This newly formed partnership makes 24/7 clinician access for LTC ACO beneficiaries a reality.
As the nation’s first long-term care Medicare Shared Savings Program, LTC ACO’s success requires an all-hands approach aligning providers, long-term care facilities, and health systems to increase value by improving quality and reducing costs. Partnering with Third Eye Health will profoundly impact the value created by the LTC ACO. With over half a million encounters, Third Eye Health maintains a 90% treat-in-place rate by providing immediate virtual clinician access at night, after hours, and on weekends and holidays.
EHR integrations and the ability to communicate via video, text, and shared photos make thorough clinician evaluations possible when in-person clinicians aren’t available. With Third Eye Health, LTC ACO beneficiaries can now be treated in place as soon as a change in condition is noticed, reducing their risk of complications or hospital-acquired infections, and ultimately saving the cost of unnecessary readmissions.
Another benefit of this new union is that skilled nursing facilities can qualify for an LTC ACO partnership. Once implemented with Third Eye Health, the facility’s virtual clinician access will be available to all residents, not just long-term care beneficiaries, at no additional cost of adopting a telehealth program.
Both LTC ACO and Third Eye Health have admirable track records. In 2019, LTC ACO experienced a 19.6% cost savings rate with a 94.5% quality score, resulting in Medicare fee-for-service savings and earning the ACO $18.8 million in shared savings distribution. Including Third Eye Health’s clinician services and telehealth technology is expected to drive quality and healthcare efficiencies by keeping beneficiaries in place to receive care.
Ready to bring LTC ACO and Third Eye Health to your long-term care patients? Complete the form below, and a member of our team will contact you.