Virtual Care's Effect on Value Based and Alternate Payment

In this episode Elizabeth Hyatt, Director, Payer Solutions at TytoCare, discusses success of introducing Tytocare and what the means for their partners. This episode is sponsored by TytoCare.

Summary

How TytoCare is Empowering Value-Based Care Models through Virtual Care

Introduction:

In this episode, Elizabeth Hyatt, Director of Payer Solutions at TytoCare, discusses the success of introducing Tytocare and what it means for their partners. TytoCare is a remote medical examination platform that enables patients to be examined at home and consult with a doctor remotely.

The Role of Virtual Care in Value-Based Care Models:

In the podcast, Elizabeth Hyatt emphasizes that virtual care is crucial to empower value-based care models. Virtual care generates the data and insights needed to succeed in these models, improves access to care, and serves as an additional care delivery layer within a larger technology stack. TytoCare specifically enables value-based care models by delivering remote high-quality care visits with its home smart clinic, providing AI-backed clinical decision support, and offering patient engagement tools.

Tremendous Success of TytoCare:

Elizabeth discussed the tremendous success of TytoCare in value-based care programs. The platform has seen a 98% visit resolution rate, a 7-15% drop in total cost of care, and high NPS scores between 73-85. Utilization rates for virtual care are 3x-10x higher than industry standard. TytoCare's goal is to empower members to make the most appropriate healthcare decisions by providing them with custom member journeys.

Conclusion:

TytoCare is revolutionizing value-based care models by providing a remote medical examination platform that enables patients to be examined at home and consult with a doctor remotely. With the tremendous success rates of their platform, TytoCare is empowering both patients and healthcare providers to make the most appropriate healthcare decisions.

 

Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com

 

This episode aired on 03/06/2023 and can be listened here.

 

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