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Client Success Story
Confidently Transitioning to
Value-based Care
How a Physician-owned Multi-Specialty Practice Reduced Costs by $1.5 Million While Growing Revenue
Provider organizations are caught between two worlds, value-based care, and fee-for-service. How can organizations confidently grow downside risk exposure while growing fee-for-service revenue? Nicole Krenik, Clinical Manager for Care Management at Mankato Clinic describes how they deployed Lightbeam’s Deviceless RPM, CareSignal, to engage high and rising-risk patients, improve clinical outcomes, and drive CCM revenue.
OUTCOMES
- 3,254 patients enrolled in Deviceless RPM
- $1.5M estimated medical cost avoided
- 122 ED visits averted
- $28 PMPM reduction for patientes with depression
- CCM billable instances grew from 3% to 17%
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“We are working with high-risk patients with chronic conditions, we have workflows and algorithms, but we were still trying to guess when to initiate contact. With CareSignal, the alerts drive us so we can be at the right place at the right time which has allowed us to better address preventable events.”
Nicole Krenik,
BSN, RN, PHN-RN, Clinical Manager for Care Management, Mankato Clinic