LTC ACO and Third Eye Health Offer Virtual Care Network to Long-Term Care Patients, Facilities and Provider Groups
January 18 2021 - 10:10AM
With the spotlight on long-term care facilities during the current
public health emergency, leaders in post-acute and long-term care,
LTC ACO, the first long-term care Medicare Shared Savings Program
dedicated to long-term care residents in the United States, and
Third Eye Health, have joined forces to improve the quality of care
available for the 6,000 LTC ACO beneficiaries across more than 200
long-term facilities and for all future LTC ACO beneficiaries.
Third Eye Health, the nation’s largest virtual care network for
post-acute, brings acute-level care virtually to the bedside
through its proprietary one-touch telehealth technology. Together,
LTC ACO and Third Eye Health are forming a Virtual Care Network, a
relatively new concept in the long-term care arena.
This innovative approach utilizes Third Eye Heath’s
customizable, mobile technology, bringing access to Third Eye
Health Physicians, specialists and local providers directly to the
bedside of LTC ACO’s beneficiaries. Most LTC ACO participating
provider groups and long-term care facilities will be able to use
Third Eye Health’s telehealth technology for virtual visits. Third
Eye Health physicians, a network of board-certified physicians
specially trained to provide acute-level care to post-acute and
long-term patients, will cover nights and weekends, creating 24/7
physician access, alleviating the call burden for associated
provider groups. “LTC ACO’s affiliated company, Genesis Physician
Services, has already benefited greatly from Third Eye’s nights and
weekend coverage, with a reduction in return to hospital rates and
improved patient outcomes,” remarked LTC ACO President, Jason
Feuerman.
“Genesis physicians benefit greatly from the call coverage
relief Third Eye Health provides, directly impacting a noticeable
reduction in physician burnout. The care quality from Third Eye
Health Physicians offers timely coordination of care and
complements the attending physician’s efforts to improve quality
and outcomes,” remarked LTC ACO Chief Medical Officer, Dr. Richard
Feifer.
Through LTC ACO, long-term care facility operators incur no
additional expense to access the Third Eye Network and with 24/7
physician access, it can be expected that quality measures and
outcomes will improve. When these goals are attained, LTC ACO, its
physicians, long-term care facility partners, and now Third Eye
Health, will share in the savings. In 2019, LTC ACO experienced a
19.6% cost savings rate with a 94.5% quality score resulting in
Medicare fee-for-service savings and earning the ACO $18.8 million
in shared savings distribution. “This is a new venture for both
organizations, but one that makes sense from every perspective.
Patients, nurses, physicians, administrators, and operators –
everyone benefits from the Virtual Care Network. We have seen this
success time and time again with Genesis, having a 94% national
treat in place rate, patients receive proper acute-level care
without the disruption of being transferred to the hospital,” says
Dan Herbstman, Founder and Chief Strategy Officer of Third Eye
Health.
ABOUT LTC ACOLTC ACO is the first post-acute
care sponsored Accountable Care Organization (ACO) in the United
States. LTC ACO is a subsidiary of Genesis HealthCare and
began participating in the MSSP in 2016. Visit our website
at www.ltcaco.com.
About Third Eye HealthThird Eye Health provides
world-class medical care in the post-acute and long-term care
settings, preventing unnecessary trips to the hospital. Through its
comprehensive platform, Third Eye Health has developed the nation's
largest post-acute virtual care network. Third Eye Health’s
proprietary technology, care coordination services, and physician
led night & weekend virtual urgent care provides nurses access
to immediate patient care at the bedside. The organization’s
esteemed network of board-certified, licensed physicians work with
nurses to reduce unnecessary acute transfers and readmissions.
Third Eye Health’s comprehensive program improves the quality of
care by lowering adverse events and enhancing regulatory
compliance. Visit ThirdEyeHealth.net to learn
more.
Media Contact: Lori MayerLTC ACOC:
610-283-4995
Jen BradleySenior Marketing DirectorThird Eye
Healthjbradley@thirdeyehealth.netC: 847-280-1740
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