Revo Health clients weigh in on the importance of autonomy, value-based care
Below is an excerpt from Becker’s Spine Review, February 2020:
“Last year, in the face of industry consolidation, Minneapolis-based Twin Cities Orthopedics established the Infinite Health Collaborative to preserve physicians’ autonomy and advance value-based care. The 35-location group serving communities across Minnesota and Western Wisconsin recently completed its 5,000th prospective 90-day commercial bundle and plans to expand its bundle payment initiatives into sports medicine. Orthopedic surgeon Owen O’Neill, MD, and neurosurgeon Fred Harris, MD, spoke to Becker’s Spine Review about the importance of autonomy for TCO, consolidation in healthcare and the practice’s value-based programs in spine and orthopedics.”
Revo Health Estimated to Achieve 5,000 Care Bundle Milestone in 2019
The value-based care pioneer is assisting practices nationwide to build and manage prospective bundled care programs aimed at improving patient experience and lowering costs.
MINNEAPOLIS — July 26, 2019 — Revo Health (Revo), one of the nation’s leading developers of value-based care solutions for physician practices, expects to achieve a milestone this year, managing their 5,000th care bundle in Minnesota dating back to 2012. Additionally, Revo is assisting practices in Tennessee and Illinois to develop prospective bundled care programs.
Pioneering Value-Based Care in Orthopedics
Revo uses a patient-first model to assist independent orthopedic practices with the delivery of value-based care. Clients include Tennessee Orthopedic Alliance (TOA), OrthoIllinois, and Twin Cities Orthopedics (TCO). It is also an ambulatory surgery center (ASC) based Center of Excellence for UnitedHealthcare in Minnesota.
“We believe value-based care represents the evolution of healthcare, because the model prioritizes the needs of patients. With the assistance of Revo Health, we’re developing a number of care bundles for total joint replacement surgeries, which provide a better care experience at a lower total cost – a true win-win for patients and providers,” says Rob Simmons, CEO of TOA. “Revo’s proven track record in providing physician groups this blueprint has streamlined our conversations and given us confidence as we introduce this model to payers, employers, and the strategic partners who factor into the entire episode of care.”
Revo supports likeminded healthcare leaders who place a focus on quality, patient outcomes, patient satisfaction, and transparent pricing.
TCO orthopedic surgeon Dr. Owen O’Neill believes in the Revo model. “I think it’s imperative that we as surgeons adopt value-based care practices to remain at the forefront of healthcare. In doing so, we are partnering with our patients, and strengthening their trust in us as care providers.”
Data Shows Value-Based Care Drives Results
Revo manages TCO’s EXCEL Orthopedic Surgery and Recovery program, which features surgery in an ASC, post-operative recovery in a private care suite, and one simplified bill with transparent pricing listed online.
Data from the program proves the model works. Highlights include:
- 99% of patients would recommend EXCEL to family and friends0.2% revision rate in 2018
- Estimated $12,000,000 in health plan savings in 2018
- More than 1,800 cases estimated in 2019, up from 1,237 in 2018
- 7 employer partnerships in 2019
- 2,245 hours of patient education in 2018
- Transparent pricing, including $23,000 for Total Knee Replacement and $24,000 for Total Hip Replacement
Technology Platform Enables Seamless Management
Understanding that implementation and ongoing management of care bundles is a challenge for both payers and providers, Revo developed the Proventus Health software platform to enable seamless management of bundled care and financials.
Used to manage over 10,000 care bundles to date, the platform’s case management module identifies patient risk up front, and provides an end-to-end view of patient behaviors, cost impacts, and outcomes.