Value-based healthcare is a healthcare delivery model in which providers, including hospitals and physicians, are paid based on patient outcomes. Under value-based care agreements, doctors and hospitals are rewarded for helping patients improve their health, reduce the effects and incidence of chronic disease, and live healthier lives in an evidence-based way.
Value-based care differs from a fee-for-service model or capitated agreement, in which providers are reimbursed based on the amount of healthcare services they deliver.
The key to providing healthcare in a successful value-based care environment revolves around achieving high-quality patient outcomes while managing costs at the same time. Every step of the patient experience needs to be carefully analyzed to ensure the proper decisions are made to optimize care and manage cost.
The KinexConnect can save between $1,000-$2,000 per case while achieving the same outcomes compared to outpatient physical therapy.
Most providers who participate in value-based care models stratify their patients in order to develop pathways which provide the right care at the right time. For example, a patient undergoing a surgery who lives alone, and has a variety of comorbidities such as heart disease, COPD, and diabetes most likely will need more post-operative care following surgery than a patient who is fit, healthy, and lives with family who can support the patient while recovering at home.
The KinexConnect home rehabilitation and monitoring platform is an incredibly valuable tool to help facilities who participate in value-based care programs manage their Total Knee Replacement (TKR) population. We know that well over 50% of patients who elect to undergo the TKR procedure are motivated to recover, live at home, and have relatively low comorbidities, the KinexConnect has demonstrated the ability to help facilitate high levels of patient outcomes, high degrees of patient satisfaction, improved patient compliance, as well as a significant reduction in cost for overall care.
The KinexConnect assists and monitors knee range of motion (ROM) on a daily basis. Along with facilitating ROM, the KinexConnect allows the doctor to customize a video-based rehab program to allow the patient to perform diagnosis specific exercises in the comfort and safety of the patient’s own home while tracking and monitoring usage. Finally, the KinexConnect works off of a cellular network to allow daily interaction with the patient and does not require the patient to download any outside content or to access to the patients personal home internet. Compliance with post-operative instruction and identification of early warning signs can reduce costly readmissions and ensure a successful patient outcome.
The KinexConnect has proven to save the patient, physician, and hospital a significant amount of money while achieving high levels of patient outcomes. On average, the KinexConnect can save between $1,000-$2,000 per case while achieving the same or similar level of outcomes compared to outpatient physical therapy and home health. For physicians and hospitals who participate, or intend to participate, in value-based care in the future, the KinexConnect can help you manage post-operative rehabilitation following TKR and other knee procedures in a very high-quality, cost efficient manner.