Innovaccer introduces free tool 'Healthcare Model Evaluator' to assist providers for savings under value-based reimbursement models

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Innovaccer, one of the leading Silicon Valley-based healthcare analytics companies, unveils a free tool, 'Healthcare Model Evaluator' to assist providers in quantifying the financial benefits, calculating their risk-bearing capabilities, and maximizing their outcomes under various value-based reimbursement models.

The Healthcare Model Evaluator is an extensive tool available online that assimilates dependent variables and does a detailed analysis of various value-based reimbursement models like: Merit-based Incentive Payment System (MIPS), Chronic Care Management (CCM), Comprehensive Primary Care Plus (CPC+) and Medicare Shared Savings Program (MSSP).

The tool incorporates specific variables for every model and provides a breakdown of how each component, ranging from the number of beneficiaries to benchmarks chosen, will affect reimbursements.

Furthermore, the tool also offers assistance in understanding the prerequisites for stepping into two-sided risk models, and how to leverage technology to optimize efficiency and develop a data-driven roadmap to exploring revenue opportunities and pinpointing gaps.

Many providers are as yet not aware of the clinical and financial upsides possible within the models in practice. To facilitate an understanding of potential revenue, rewards, and penalties, Innovaccer's evaluator ingests variables for the above four prominent models i.e. MIPS, CCM, CPC+, and MSSP Track 1.

Estimate Revenue: The calculator ingests simple variables and projects potential revenue generated for the current year as well as subsequent years- 2017, 2018, 2019; with a contrast against revenue under the traditional FFS system. 

Strategic Insights on Risk Models: The tool offers strategic insights for providers preparing to advance into two-sided risk models, giving a breakdown of gains or losses they can expect for each of these models when stepping into two-sided risk sharing arrangement for the current year and two subsequent years.

Providers can ease themselves of the administrative, operational and financial burdens from implementing and running value-based care with Innovaccer's powerful and holistic platform — Datashop. Providers can reap the financial benefits through clear, data-driven insights and obtain increased flexibility to deliver personalized, effective care with the support of a motivated care team.

"In the era of value-based care and a quality-focused healthcare landscape, there is a growing demand for definitive, concrete data that can drive strategic operations that help healthcare organizations bring about a health care reform. After the success of our MIPS Calculator, we realized the need for more understanding of models available to deliver quality, enhance performance and reduce costs," says Sandeep Gupta, Co-Founder and COO at Innovaccer.

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