Value-based wound care solutions for health plans
Health plans partner with us to achieve higher quality wound care at significantly reduced costs as their preferred wound care provider. We improve and accelerate healing for members by delivering medically necessary, individualized and evidenced-based wound care that is coordinated with primary care. Our clinical team delivers virtual and in-person care as part of customized programs that guarantee substantial cost savings.
The economic burden of wound and ostomy care
Incision, wound, and ostomy care is a growing crisis for payers as seen in these numbers and approximate annual costs:
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14 million
Every year more patients in America suffer from wounds and ostomies without proper care, including 15% of Medicare members.
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$50 billion
Wound care is costing payers billions of dollars each year. Most of it is reactive, excessive and medically unnecessary.
Solving the challenges of advanced wound care for payers
We have a mission to relieve the growing financial burden and clinical challenges of chronic wound management:
Dissatisfied members
Your members feel confused, frustrated, and isolated managing wounds at home. They need easy access to supplies, information, guidance, and support from trusted experts.
Unnecessary treatments
The traditional fee-for-service model pushes expensive dressings and therapies, even when they aren’t necessary or appropriate. Instead, we focus on the right care at the right time.
Costly care
Neglected wounds have devastating consequences for patients, and costly results for payers. ER visits, hospital readmissions, extended stays in nursing facilities, and repeat outpatient visits are avoidable with the right care.
Why choose us? Better, faster wound care at half the cost
By partnering with The Wound Company to bring wound care in-house, risk-bearing providers can unlock guaranteed savings of 25% or more in total wound care spending, heal wounds earlier and faster, streamline provider workflow, get continuous analytics on wounds, and create a more unified patient experience.
Benefits of partnering with The Wound Company include:
Specialized expertise
Wound and ostomy care is all we do. Our experts are practicing at the top of their license, so we have the specialized knowledge to care for all types of chronic wounds, post-acute incisions, and ostomies.
Peace of mind
Patients and providers feel more confident with our wound and ostomy specialists by their side. An expert is always on hand to answer questions, guide treatment decisions, and intervene as early as possible if complications arise.
Better financial results
We deliver effective, value-based care at the right time and place. Improved outcomes and higher patient satisfaction rates lead to better financial results for home health agencies.
How our in-person and virtual wound care services work for plans
Our complete technology platform enhances our efficiency and reduces costs for your plan:
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1.
We employ our technology solution to identify members with wounds and those at risk for wounds and wound-related complications. We use patient data to segment populations, predict outcomes and define interventions.
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2.
Our experts deliver end-to-end wound care that is medically necessary and evidence-based on site. We perform evaluations, provide detailed wound management plans, order supplies, and remain engaged to drive wound healing and prevent complications.
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3.
Our specialists immediately assess the member and provide a detailed care plan. We identify and treat infections, wound dehiscence, and other issues as early as possible.
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4.
Members and providers have unlimited access to our wound care specialists to ask questions and get support. We monitor wound healing and adjust care plans as needed.
Virtual wound care
Members, their caregivers and their providers have convenient and unlimited remote access to our wound care experts via video, text, phone, and email.
In-person wound and ostomy care
We deploy our wound care experts directly to your members at homes, assisted living facilities, and skilled nursing facilities.
Cost savings for payers and improved outcomes for members
Our outcomes speak for themselves:
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Reduced costs
We average 58% cost savings PMPM on total wound care spending
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Healing rate for complex wounds
Industry-leading healing rate despite 80% of wounds being more severe based on BWAT scores
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Hospitalization rate
Our services prevent members being seen or admitted for wound issues and infections
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Higher patient satisfaction
Members with wounds reporting a higher degree of satisfaction with their overall care
Partner with us
The need to shift to a value-based approach in wound care has never been greater or more important. Learn more about how to partner with The Wound Company.