Medical Device Makers to Partner With Hospitals to Achieve Triple Aim
As the Centers for Medicare & Medicaid Services (CMS) announce the expanded rollout of the bundled payment programs, including the Comprehensive Care for Joint Replacement (CJR) program, medical device makers are seeing an opportunity to expand their relationships with hospitals. Johnson & Johnson, for example, recently announced its CareAdvantage program that aims to partner with hospitals on achieving the triple aim.
Johnson & Johnson’s CareAdvantage program is intended to help bring value to hospitals to align with CMS’ shift to value-based payments. Per the recent press release by Johnson & Johnson:
“As health care continues to change, health systems and their suppliers must work in close alignment to find ways to meet the opportunities and challenges of value-based care,” says Tim Schmid, Chief Strategic Customer Officer, Johnson & Johnson Medical Devices Companies. “CareAdvantage begins by listening to and understanding individual health system needs, leading to a customized plan of action to help deliver value at every point along the care pathway.”
CareAdvantage starts with a discussion to understand a health system’s specific objectives, priorities and challenges, and then combines these insights with deeper, data-driven analyses to identify opportunities to make the most impact. A rigorous on-site assessment validates these findings to deliver a focused action plan drawing on deep capabilities and expertise in clinical pathways, consumer and patient insights and engagement, and operational efficiency, with targeted metrics linked to each health system’s goals.”
Read the entire press release here: Johnson & Johnson Medical Devices Companies Launch CareAdvantage, a Suite of Holistic, Insights-Driven Capabilities to Help U.S. Health Systems Navigate Value-Based Care
CareAdvantage offers hospitals an opportunity to work with a single vendor, Johnson & Johnson, to help drive value through access to clinical expertise and increased usage of data. While CareAdvantage offers hospitals a potential solution for their usage of Johnson & Johnson medical devices, many hospitals may wish for a more comprehensive solution to drive more value across all of their medical device spend. Solutions such as iRISupply from Mobile Aspects allow hospitals to drill deeply into their data around medical device usage and to recognize areas for more efficiency and value. These solutions offer a vendor-agnostic approach to achieving more value in today’s healthcare environment.