Deviceless Remote Patient Monitoring® contributes to lower utilization, reduced cost, and higher patient engagement rates for ACOs engaged in value-based care
SAINT LOUIS, MO – November 3, 2022 – CareSignal, a Lightbeam Health Solutions company and innovator of Deviceless Remote Patient Monitoring®, today announces that ACOs using their solution generated $59 million in savings for the Medicare Shared Savings Program (MSSP) in performance year 2021. ACOs leveraging CareSignal also produced 14% higher average scores for CAHPS® measures related to Stewardship of Patient Resources, 3.75% higher average scores for Shared Decision Making, and 1.5% higher average scores for Health Promotion and Education when compared to ACOs not using CareSignal.
CareSignal’s Deviceless RPM technology uses widely accessible text messages and phone calls to enable care managers and providers to track patient symptoms outside of the clinic, improving patient access, experience, and communication. CareSignal empowers patients to better manage their chronic conditions by supporting 35 programs including chronic heart failure, COPD, depression, and social determinants of health and receive proactive care to reduce avoidable utilization. As CMS continues to emphasize health equity and better access to care, solutions like CareSignal play an important role in ensuring the right patient receives the right care at the right time.
“With this being CareSignal’s first year measuring MSSP results, and we are thrilled to see the positive impacts that Deviceless RPM has made for our value-based care clients, including ACOs,” says Joe McDonald, MBA, President, and COO of CareSignal. “These results demonstrate the success of the MSSP and their goals of achieving better health for individuals, improving population health, and reducing medical expenditures. CareSignal is honored to play a role in facilitating better relationships between providers and their patients, and we are excited to see the continued achievements of ACOs and REACH ACOs.”
Driving $59 million in savings for the MSSP, CareSignal is well-aligned to help not only ACOs, but any provider or payer organization participating in value-based care to improve patient experience and reduce avoidable utilization.
To learn more about CareSignal’s MSSP Savings, visit the Lightbeam Health Solutions booth at the Lowes Hotel during the Population Health Colloquium in Philadelphia, Pennsylvania, from November 7-9, 2022, or at Booth 3418 at The Venetian Expo during the HLTH Conference in Las Vegas, Nevada, from November 13-16, 2022.
About CareSignal – a Lightbeam Health Solutions Company
CareSignal offers Deviceless Remote Patient Monitoring® which is specifically designed for value-based care by leveraging real-time, self-reported patient data and artificial intelligence to produce long-term patient engagement while identifying clinically actionable moments for proactive care delivery. Together, Lightbeam and CareSignal align best-in-class population health capabilities with proven remote engagement and monitoring solutions serving more than 42 million patient lives across the United States. Lightbeam’s vision is to shine a light on health data using analytics, and to provide the insight and capabilities healthcare clients need to ensure patients receive the right care at the right time. Learn more about solutions specific to your organization and population by visiting our website or trying a self-guided demo.
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