Out-of-Network Patient Migration
Kris Gates
Founder & CEO | Facilitator of Healthcare Innovation @ Lifestyle Health Network
Value-based healthcare organizations are responsible for out-of-network costs when calculating risk scores, benchmarks, cost reduction as it relates to minimum shared savings rate (MSR) and health outcome improvement based on quality metric score, re-admission rates or gaps in care completion rates. So, it's important...
2.5 Million Medicare Patients
Our analysis of 2.5 million de-identified patients, indicated the average cost of One patient going out-of-network was:
Part A: $2,400 per year
Part B Physician: $1,350 per year
Part B DME: $300 per year
Projected Annual Revenue Loss
Projected Annual Revenue Loss to Out-of-Network Migration for a health system:
Part A: 33%
Part B Physician: 53%
Part B DME: 85%
Revenue an organization could have kept in-network cost controlled and achieved better health outcomes.
Manage Out-of-Network Migration
Your team needs to use your claims data to identify:
Who: Patients & Diagnoses
What: Procedure & Visit Types
Where: Out-of-Network Facilities
When: Timing of Referral
How: Providers referring patients out-of-network
Define and Communicate
Providers in a value-based program need to know which providers are in-network so they can assist in controlling costs and improve patient health outcomes. While the patient may choose any provider, the benefits of in-network care programs have proven extremely beneficial to cost reduction and health outcomes.
For technology solutions - Contact Kris Gates, CEO, Health Endeavors, [email protected], 480.659.8130