Here’s an example of how savings are generated:
A typical Medicare patient has COPD. A physician participating in Kenji REACH chooses the patient’s home as a clinically appropriate care setting and assigns a distributed care team for the patient because doing so is as effective as, and less costly than, caring for the patient in a hospital that is often followed by a nursing home stay.
The patient wins by receiving effective care in a preferred location (their home) while also saving $1,600 in out-of-pocket hospital deductible.
Kenji REACH–and the physicians who participate in and own it–also win because Part A (hospital costs) savings are realized.
Typically, the potential savings associated with a COPD case are $4,500, or 50%. Similarly, Orthopedic cases moved to ambulatory surgical settings can typically save over $6,000 per case.
In addition, participation in Advanced Alternative Payment Models (APMs) automatically qualifies physicians for the Medicare Quality Payment (QPP) program where physicians can earn up to 9% of your traditional Medicare claims as a bonus based on your MACRA / MIPS score.
Two ways Medicare beneficiaries will be aligned to you:
Based on the percentage of primary care services those beneficiaries receive from you as compared to those received from other providers. In addition, other patients may voluntarily choose a physician as their provider of record.