From McKnight's: (click for full article)
There's a tenet in healthcare that runs deep: a patient's relationship with his or her doctor is sacred.This core value is an important piece of one of the hottest topics in healthcare today: coordination of care.
As the nation grapples with the best way to create a more collaborative system that works for patients and is financially sustainable, our corner of the industry – long term care -- is providing effective models and lessons. At the same time, we are working with government to break down barriers to what we believe can lead to significant growth for those effective, collaborative solutions.
I'm talking specifically about PACE, a managed care program that has served long term care patients for 25 years. PACE, the Program for the All-Inclusive Care for the Elderly, is a coordinated care model that improves both the patient's health and Medicaid's bottom line.
Focused on the most costly and complex individuals to care for – patients eligible for Medicare and Medicaid who are qualified to live in a nursing home, even if they don't -- the PACE model brings together nurses, physicians, social workers, therapists and other caregivers to create a coordinated care plan for each patient. The goal is to keep the patient healthy and at home while assisting with the activities of daily life, such as washing, dressing, eating and socializing. Reimbursement is provided under a capitated, managed care model.
The model is catching on, and PACE, we believe, is on the cusp of significant growth.
There's a tenet in healthcare that runs deep: a patient's relationship with his or her doctor is sacred.This core value is an important piece of one of the hottest topics in healthcare today: coordination of care.
As the nation grapples with the best way to create a more collaborative system that works for patients and is financially sustainable, our corner of the industry – long term care -- is providing effective models and lessons. At the same time, we are working with government to break down barriers to what we believe can lead to significant growth for those effective, collaborative solutions.
I'm talking specifically about PACE, a managed care program that has served long term care patients for 25 years. PACE, the Program for the All-Inclusive Care for the Elderly, is a coordinated care model that improves both the patient's health and Medicaid's bottom line.
Focused on the most costly and complex individuals to care for – patients eligible for Medicare and Medicaid who are qualified to live in a nursing home, even if they don't -- the PACE model brings together nurses, physicians, social workers, therapists and other caregivers to create a coordinated care plan for each patient. The goal is to keep the patient healthy and at home while assisting with the activities of daily life, such as washing, dressing, eating and socializing. Reimbursement is provided under a capitated, managed care model.
The model is catching on, and PACE, we believe, is on the cusp of significant growth.
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