Stay Ahead of the Curve. Accelerate Your Transition to Value-Based Care.
Close Care Gaps and Improve Patient Outcomes
Being successful in value-based care (VBC) requires having the right technology to support data-driven decisions, connected care, and patient-centered therapy. Read below to see why Cipher Skin is the perfect fit for your shift to value-based care.
Real-Time, Anytime Data Insights
Data collection requirements will increase under the value-based model, and your success will rely on how you leverage data to build effective treatment plans and report positive patient outcomes.
Cipher Skin’s data capture and reporting capabilities go beyond any other solution in the market. Not only does Cipher Skin track movement and biometric data in-clinic, but it also helps you monitor patients in between sessions to measure their overall progress and adherence to home exercise programs. With all this data, you can evaluate treatment effectiveness, adjust the rehabilitation program based on the patient’s needs, and boost payer-provider collaboration and transparency with comprehensive data reporting.
Connected, Integrated Care
Value-based care positions physical therapists to provide preventative care - as opposed to reactive intervention. This shift is happening even faster with the increase of direct access care that allows patients to complete physical therapy without physician referral – saving patients time and money.
Cipher Skin sets you up for success as a first point of care by supporting connected and integrated care practices. Our connected care tools increase your access to patients through telehealth, remote therapy, and continuous monitoring so you can meet patients when and where they want to be serviced.
Cipher Skin enables integrated care by allowing you to work in teams. By serving as a central hub for patient data, all therapists and specialists rely on a unified source of data to build and optimize treatment plans and, inevitably, deliver measurable outcomes.
Thriving in value-based care requires higher attention to patient engagement. The impact of patient adherence on recovery outcomes is massive. Providers working with the right technology to engage, motivate, and retain patients will see the best results.
At Cipher Skin, we put the therapist-patient relationship at the center of our focus. To get your patients highly invested and engaged in their own recovery, we built an intuitive app featuring therapy gamification, interactive exercises, live movement visualization, and easy-to-read dashboards.
Value-based healthcare is a healthcare delivery framework that incentivizes healthcare providers to focus on the quality of services rendered, as opposed to the quantity. This form of reimbursement has emerged as an alternative and potential replacement for fee-for-service reimbursement, which pays providers retrospectively for services delivered based on bill charges or annual fee schedules.
According to the Centers for Medicare and Medicaid Services (CMS), value-based care supports the triple-aim of providing better care for individuals, better health for populations, and a lower cost for all parties.
Value-based healthcare encourages the healthcare system to solve patients’ needs, rather than treating only the presenting illness. Historically, too great an emphasis was placed on how many services a healthcare provider delivered versus the focus on the quality of care being delivered. Used properly, value-based care can improve patient outcomes while offering key benefits to payers and providers. In short, this healthcare model provides an opportunity to flip the current model that is burning out many in the healthcare industry and leaving patients at risk.
Value-based care comes in a variety of types, generally differing as to the risks assumed by providers and sharing of savings or losses.
Starting 2019, The Centers for Medicare and Medicaid Services began requiring certain PTs and physical therapy practices to participate in QPP through the Merit-based Incentive Payment System (MIPS), or through Advanced Alternative Payment Models (APMs). But in general, the two main types of value-based payment models are:
1- Accountable care organizations (ACO)
An ACO is a network of doctors, hospitals, and other providers that works together to offer coordinated care to Medicare beneficiaries. ACOs aim to help practitioners ensure patients receive the right care at the right time as well as prevent the delivery of redundant services.
2- Bundled payments
A Bundled payment is a single payment for services provided for an entire episode of care. Providers are collectively reimbursed for the expected costs to treat a specific condition that may include several physicians, settings of care, and procedures.