Many CMS value-based care models seek to improve care coordination and reduce Medicare fee-for-service spending through episode-based payment and practice transformation. The agency’s new Enhancing Oncology Model applies these objectives to cancer care.
There are many good reasons for any oncology practice to join EOM and improve the delivery of cancer care to its patients. But value-based care also raises the stakes. Participation alone doesn't guarantee success. Using analytics helps providers “trust but verify” ─ to not simply believe they are improving care quality and reducing costs, but know where they stand through tangible metrics. This blog post explores three best practices that help ingrain analytics in EOM practice, redesign and performance.
Financial realities dictate whether practices join EOM, under what risk arrangement and if it's for the long term. Participating oncology practices should estimate their episode target prices and compare them to their actual Medicare episode expenditures on an ongoing basis throughout each performance period. Target prices in EOM are specific to an individual episode so the amount of financial risk a practice undertakes in a given performance period will be heavily influenced by the realized patient case mix.
Managing costs for oncology episodes of care will be an ongoing challenge for participating practices. Episode expenditures under the model tend to be dominated by the cost of chemotherapy drugs. There are few opportunities to prevent expensive outliers. It takes advanced EOM analytics and a skilled internal team to uncover potential opportunities to control the cost to Medicare and improve care for oncology patients.
Unplanned events can undermine care coordination and cost management strategies. Events that impact patients can include preventable emergency department visits, observation stays and hospital admissions. Linking the following oncology care components to analytics can strengthen practice episode and cost management:
These examples demonstrate why practice redesign is inextricable from EOM and other value-based care models. CMS’ EOM requirements support redesign and help maintain specific standards, such as 24/7 clinician access, high-quality practice data and analytics, continuous outpatient navigation and detailed, shared patient care plans.
Data management has always been challenging for healthcare: Collect, monitor, evaluate, report and repeat. In addition, EOM practices face unique data obstacles as they strive to:
To make data and analytics an integral part of oncology practice redesign, EOM participants must ask three questions:
If you need key data insights backed by an analytics-first approach, contact DataGen for a free consultation. With DataGen’s support, you can focus on boosting your EOM performance through quality analytics.
Looking for more details on EOM? Read DataGen’s blogs on how to operationalize the model and how EOM differs from CMS' Oncology Care Model. To see DataGen's key findings and in-depth analysis of EOM’s national baseline and prediction module methodology, watch our recorded webinar.