Intermountain Healthcare has formed a new comprehensive health platform company named Castell that will enable other organizations to accelerate their transition from volume to value-based systems of care, while keeping care more affordable and accessible. Rajesh Shrestha has been named as the president and CEO of Castell. In addition to leading Castell, Shrestha serves as vice president and chief operating officer of Community Based Care for Intermountain Healthcare. He has more than two decades of experience accelerating other health companies move from fee-for-service to value-based care.
Intermountain’s New Comprehensive Health Platform Company
Castell’s foundation is built on lessons learned, adapted based on the successes and obstacles encountered at Intermountain, within local provider networks, and other population health-focused programs. It will offer a comprehensive platform of tools and services to support transformation and improvement:
– A proven value-based clinical care model called “Reimagined Primary Care”
– Technology and analytics platform to guide care
– Streamlined affiliated network management
– Digital tools to address virtual care, patient experience, and social determinants of health
– Access to cutting-edge initiatives and innovation coming out of Intermountain Healthcare
– Opportunity to utilize care pathways and clinical best practices developed by Intermountain Healthcare
Reimagined Primary Care Model
Intermountain has experienced many successes with its value-based care management programs. For example, in 2018, Intermountain introduced its “Reimagined Primary Care” model for physicians and patients, which is now being extended to more providers through Castell.
This focus on preventive care enabled physicians to spend more time with high-risk patients to get upstream of potential health issues. After just one year, the program produced strong results, including:
· 60% reduction in Medicare Advantage admissions
· 25% fewer commercial insurance admissions
· 20% decreased per-member per-month costs
· Improved patient ratings
· Improved physician satisfaction
“Proven methods for simplifying value-based care are needed across the healthcare industry,” said Shrestha. “Backed by Intermountain’s day-to-day frontline experience with a focus on population health management, Castell will deliver impactful solutions that help other organizations improve outcomes and keep costs more affordable.”
