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Responsive Health Brings Digital Medicine to Chicago at Value-Based Care Summit

Responsive Health Brings Digital Medicine to Chicago at Value-Based Care Summit

Over the course of two days, leaders in healthcare met in Chicago for the 2017 Value-Based Care Summit.This year’s summit focused on the opportunity value-based care presents clinicians to change the way they think about patient care while simultaneously improving administrative processes. 

Responsive Health cofounder Dr. Ashish Atreja gave a presentation on the complexities associated with ensuring that health systems make a successful transition to value-based care. 

“We all know that value-based healthcare is here,” Dr. Atreja said. ”What you may not know is most of us, including big shiny health systems, are completely unprepared for it.” 

During his presentation, Dr. Atreja explained that 76 percent of the 5,000 hospitals in the United States have lost money due to readmission penalties from CMS and 50 percent will lose money due to bundle payments. He went on to explain how Digital Medicine prescribed through the RxUniverse platform can reverse this trend by improving patient outcomes in chronic disease management, transitional care and perioperative care. 

Responsive Health VP of Corporate Development, Pavan Choksi, joined Dr. Atreja at the summit to discuss how Digital Medicine can be aligned with value-based initiatives. 

“Digital Medicine is a crucial component of effectively moving to a value-based system,” Choksi said. “It’s exciting to see so many different healthcare organizations come together and discuss implementing value-based care strategies.” 

The summit also featured keynote speakers Dr. Jesse M. Ehrenfeld, Secretary of the American Medical Association Board of Trustees and Dr. Randall S. Moore, President of Mercy Virtual. Moore’s keynote speech closed out the first day of the summit touching on the impact of Digital Medicine through a focus on the value of virtual care.  

NJII Annual Innovation Showcase Highlights Clinicians’ Concerns on Patient Engagement

Responsive Health CEO, Ed Berde, and VP of Value Transformation, Eric Ditkowsky, recently met with technology executives and healthcare IT innovators at the New Jersey Innovation Institute’s Annual Innovation Showcase. Berde and Ditkowsky spoke with thought leaders at the helm of healthcare modernization, including the event’s keynote speaker Aneesh Chopra, the current President of NavHealth, who served as the first Chief Technology Officer of the United States under President Obama. 

Through face-to-face conversations, it became clear that industry leaders are increasingly concerned with meeting the requirements for better patient care set by CMS . More specifically, attendees at the conference stressed that clinicians generally lack comprehensive methodology for tracking patient progress, making it difficult to monitor and report patient outcomes to CMS in order to receive reimbursements pursuant to the Quality Payment Program under MACRA. 

Currently, many providers utilize their existing EHRs to record patient outcomes to CMS, despite the fact that many view their EHR systems as inefficient. As a result, providers spend more time on basic data entry rather than actual patient engagement. 

In order to meet the requirements for reimbursement through CMS, private practice clinicians are following two methods: either (1) hire more staff to keep up with new standards or (2) abandon their independent practice in favor of joining a hospital system or physician group in an effort to keep costs in control. 

Responsive Health’s exhibition at the event provided insight into how the RxUniverse  platform directly addresses the concerns voiced by clinicians. Physicians using the platform can prescribe patients with clinically proven mobile health apps and wearables at the point of care. This extends the doctor-patient relationship beyond the clinical setting and provides the additional time for patient engagement doctors are seeking. The platform also works with EHRs to seamlessly record patient data and submit the information to CMS, enabling providers with the immediate ability to maximize reimbursements.