News Summary
WellSky has announced new capabilities designed to support healthcare providers as they prepare for the Transforming Episode Accountability Model (TEAM) launching in 2026. The TEAM model necessitates acute care hospitals to assume financial responsibility for care provided to Medicare beneficiaries. With tools aimed at aiding case managers and care coordination teams, WellSky aims to ensure better patient transitions and ground-breaking improvements in value-based care. As healthcare evolves, WellSky’s innovations come as a crucial resource for providers adapting to significant shifts in surgical care compensation.
WellSky Steps Up to Support Healthcare Providers with New Model!
WellSky is making headlines with its latest announcement aimed at enhancing capabilities for healthcare organizations as they dive into the exciting, yet challenging world of value-based care. Why all the buzz? The company has rolled out new capabilities that will help healthcare providers prepare for the upcoming Transforming Episode Accountability Model (TEAM), a mandatory bundled payment model that is all set to launch on January 1, 2026.
The TEAM Model: What You Need to Know
So, what exactly is the TEAM model? Simply put, this program requires acute care hospitals to take on a significant role in the financial responsibility for the care provided to Medicare beneficiaries undergoing inpatient surgical procedures. In other words, if hospitals do not manage costs effectively, they could be in hot water financially. The team behind this initiative believes it will save the Medicare program an impressive $481 million over a five-year span from 2026 to 2030. That’s a big deal!
The Role of Case Managers and Care Teams
Central to the success of this transition are the dedicated case managers, discharge planners, and care coordination teams who have their hands full juggling numerous responsibilities. Their job involves ensuring that patients transition smoothly from one care setting to another, effectively engaging with post-acute providers, and closely monitoring patients for a full 30 days after they’ve been discharged. Sounds like a lot, right? It definitely can be, especially since any hiccups can lead to increased hospital readmission rates and higher costs.
Why Transitions Matter
Proper management of these patient transitions is critical because any missteps could put hospitals in a financially precarious position under the rules of TEAM. Just imagine—it can lead to soaring readmission rates or missed performance targets, both of which can cause major headaches for healthcare providers.
WellSky’s Game-Changing Offerings
To help ease some of these challenges, WellSky has developed tools and resources tailored to support the unique complexities of value-based care. By providing real-time data, streamlined workflows, and comprehensive support, WellSky helps case managers effectively guide patients through their care transitions, aiming to improve health outcomes across the board.
Partnerships That Matter
WellSky isn’t just a fly-by-night provider; their client base is large and diverse, encompassing over 20,000 sites, including major hospital systems, blood banks, home health and hospice providers, post-acute providers, government agencies, and human services organizations. By continually innovating and anticipating client needs, WellSky aims to foster thriving, healthy communities.
A Call to Action
If you’re part of a healthcare organization, now is the time to take a closer look at how WellSky can aid your case management and value-based care efforts. With the TEAM model on the horizon, ongoing collaboration and improved patient outcomes will be vital for success. For more information on how WellSky supports healthcare providers, you can check out their website. The future of healthcare is changing, and it’s crucial for organizations to stay up-to-date with these advancements.
In Summary
WellSky’s enhancements come as a much-needed boost for healthcare providers preparing for significant shifts in the way surgical care is compensated. Emphasizing collaborative efforts among case managers and care teams, the company is laying down a roadmap for success as the TEAM model approaches. With WellSky by their side, hospitals can tackle the challenges of value-based care head-on, setting the stage for a healthier future.
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Additional Resources
- Business Wire: WellSky Delivers the Technology and Expertise Hospitals Need
- HME News: WellSky Buys Bonafide
- Wikipedia: Healthcare in the United States
- Business Wire: StoneGate Senior Living Selects WellSky
- Business Wire: WellSky 2024 Evolution of Care Report
- Google Search: Transforming Episode Accountability Model
