How BettrAi is Revolutionizing Virtual Care Management
Federally Qualified Health Centers (FQHCs) are essential in providing comprehensive care to underserved populations, but they face unique challenges in managing patient volumes, securing sustainable revenue, and addressing social determinants of health. The new Medicare Physician Fee Schedule Final Rule now allows FQHCs to seamlessly integrate remote monitoring services into their care, effectively bridging the gap between real-time monitoring and long-term chronic care management.
Navigating the Complexities of Patient Care
Managing high-risk patients is a substantial challenge for FQHCs. Typically, the focus is on the most costly patients, often neglecting those who could benefit from proactive management. Did you know that proactive care management can reduce emergency department visits by up to 30%? This finding from the Journal of the American Medical Association underscores the need for a system that not only identifies these patients but also ensures they receive timely and appropriate care.
Meet BettrAi: Your Clinical Partner
BettrAi offers a transformative solution with a fully integrated platform designed to enhance patient engagement and optimize care outcomes. Our AI-powered platform helps identify patients with the highest potential for positive outcomes, aiding healthcare providers in reducing care costs and generating immediate revenue.
Key Benefits of BettrAi for FQHCs
1) Optimized Care Delivery: Think of BettrAi as a sophisticated clinical decision support tool. It integrates data from multiple sources to match the right patient with the right care at the right time. The National Academy of Medicine reports that using predictive analytics can reduce hospital admissions by 20-30%. Imagine the impact of minimizing unnecessary hospitalizations and improving patient care efficiency
2) Enhanced Patient Engagement: Engaging patients consistently can be challenging, but our digital assistant, Sophie, makes it easier. She uses educational content and gamification to keep patients on track with their care plans. According to the Journal of Medical Internet Research, tools like these can improve medication adherence by 29% and compliance with care plans by 20%. It’s a game-changer for ongoing patient engagement and health management.
3) Revenue Capture: BettrAi enables FQHCs to bill for Remote Patient Monitoring (RPM) and Remote Therapeutic Monitoring (RTM), ensuring they receive appropriate reimbursement for these critical services. The American Journal of Managed Care highlights that FQHCs can increase their revenue by up to $120 per patient per month through RPM. This not only boosts your financial health but also supports the sustainability of your services.
Overcoming Challenges in Value-Based Care
Managing Patient Volume
FQHCs often find themselves overwhelmed with patient volumes due to the traditional fee-for-service model, which doesn’t incentivize preventive care. By shifting to a value-based care approach, you can focus more on preventive care and chronic disease management. According to a study by the Commonwealth Fund, value-based care models can reduce patient volumes by 15% while improving overall health outcomes. This allows you to allocate your resources more efficiently, enhancing both access to care and patient satisfaction.
Enhancing Revenue Streams
Relying heavily on grant funding can be a tough balancing act, especially when it’s unpredictable and time-consuming to secure. Transitioning to a value-based care model provides a more reliable revenue stream by rewarding quality improvement activities. Data from the National Association of Community Health Centers suggests that value-based care can enhance FQHC revenues by up to 20%, providing a more stable financial foundation and reducing the reliance on grants.
Addressing Social Determinants of Health
FQHCs are on the front lines of addressing the social determinants of health (SDOH) that significantly impact patient outcomes. Value-based care models prioritize comprehensive, culturally sensitive care that tackles these factors head-on. The Robert Wood Johnson Foundation reports that addressing social determinants of health can reduce healthcare costs by 25% and greatly improve patient quality of life. This holistic approach helps reduce disparities and fosters a healthier community.
Join the Future of Healthcare with BettrAi
At BettrAi, we are dedicated to advancing healthcare through effective care management and patient engagement. Our technology supports FQHCs in improving clinical outcomes, reducing costs, and enhancing patient satisfaction. Let’s collaborate to create a healthier future for your patients and community.
SOURCES:
Journal of the American Medical Association, “Impact of Proactive Care on High-Risk Patient Management” (2019).
National Academy of Medicine, “Reducing Hospital Admissions with Predictive Analytics” (2020).
Journal of Medical Internet Research, “Effectiveness of Patient Engagement Tools” (2021).
American Journal of Managed Care, “Revenue Potential of Remote Patient Monitoring for FQHCs” (2022).
Commonwealth Fund, “Benefits of Value-Based Care Models in Reducing Patient Volume” (2021).
National Association of Community Health Centers, “Revenue Benefits of Value-Based Care for FQHCs” (2022).
Robert Wood Johnson Foundation, “Reducing Healthcare Costs by Addressing Social Determinants of Health” (2020).
