News Summary
WellSky has announced innovative enhancements to assist healthcare organizations with the upcoming Transforming Episode Accountability Model (TEAM). Set to launch in January 2026, this model will reshape surgical care for Medicare beneficiaries by implementing a bundled payment initiative focused on cost and quality. WellSky aims to empower case managers with tools and expertise to ensure smooth transitions in patient care, ultimately improving outcomes and financial stability for hospitals. Healthcare providers are encouraged to collaborate with WellSky to adapt to these changes and enhance value-based care practices.
WellSky Steps Up to Support Healthcare Providers with New TEAM Model
In a major development for the healthcare industry, WellSky, a leading tech and services company in health and community care, has announced innovative enhancements to help healthcare organizations successfully navigate new value-based care models. At the forefront is the CMS’s Transforming Episode Accountability Model (TEAM), set to launch on January 1, 2026. This new model promises to reshape the landscape of inpatient surgical care for Medicare beneficiaries across the country.
What Is the TEAM Model?
The TEAM model is a mandatory bundled payment initiative that holds acute care hospitals financially accountable for both the cost and quality of surgical care provided to Medicare recipients. With projections suggesting that TEAM could save the Medicare program a remarkable $481 million within its first five years, it’s clear that this model is designed with significant financial efficiencies in mind.
The Role of WellSky
WellSky is no stranger to the healthcare ecosystem, serving as the essential discharge planning and referral management system for over 20,000 healthcare sites. These include major hospital systems, post-acute care providers, blood banks, home health and hospice services, and numerous government agencies. Under TEAM, WellSky is poised to enhance how these providers operate within value-based care frameworks.
Case Managers Take Center Stage
One of the most critical aspects of the TEAM model revolves around the roles of individuals like case managers, discharge planners, and care coordination teams. These professionals have a key responsibility of ensuring patients transition smoothly from hospital care to the next phase of their health journey. However, if transitions aren’t managed effectively, hospitals may face higher readmission rates, increased costs, and the risk of missing performance targets, all of which could put their financial stability at risk.
WellSky’s Tools and Expertise
WellSky recognizes the complexities involved in value-based care and has stepped up to provide critical tools and expertise that empower case managers. By delivering real-time data, efficient workflows, and dedicated support, WellSky enables these professionals to facilitate effective care transitions, ultimately leading to improved patient outcomes. Their commitment extends to enhancing collaboration across various healthcare settings, especially long-term care facilities that play a vital role in the overall healthcare ecosystem.
Anticipating Client Needs
What sets WellSky apart is its proactive approach to understanding its clients’ evolving needs. By continually innovating and updating their offerings, WellSky aims to foster not just the success of healthcare organizations but also to enhance the health and well-being of communities at large.
The Future of Value-Based Care Awaits
As we head toward the implementation of the TEAM model, healthcare providers are encouraged to take a closer look at how WellSky can support their case management and value-based care efforts. This is more than just a transition; it’s about gearing up for a future that prioritizes patient outcomes, efficiency, and cost savings. With WellSky at the helm, organizations are invited to explore the possibilities that this innovative partnership could bring to their care delivery.
For those interested in transforming their approach to value-based care, there’s plenty of resources available to learn more about how WellSky can assist in navigating the upcoming changes. Head over to wellsky.com for more details.
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Additional Resources
- Business Wire: WellSky Delivers the Technology and Expertise Hospitals Need
- HME News: WellSky Buys Bonafide
- Wikipedia: Healthcare in the United States
- Business Wire: StoneGate Senior Living Selects WellSky
- Business Wire: WellSky 2024 Evolution of Care Report
- Google Search: Transforming Episode Accountability Model
