What You Should Know:
– Thyme Care, a leader in value-based cancer care, has launched Thyme Care Oncology Partners (TCOP), a dedicated platform designed to support oncology practices in the transition to value-based care models.
– Through partnerships with payers and providers, Thyme Care’s TCOP platform fosters collaboration and prioritizes patient-centric care while reducing costs. This innovative approach positions Thyme Care as a leader in shaping the future of value-based cancer care.
Over 400 Oncologists Join Forces for Better Cancer Care
With over 400 oncologists across 25 states already participating, TCOP fosters collaboration and knowledge sharing within a growing network of oncology practices. Thyme Care partners with TCOP practices to design and implement value-based care programs that benefit patients covered by participating health plans and government programs.
Addressing Rising Cancer Care Costs
The increasing cost of cancer care, marked by expensive treatments, delays, and unnecessary hospitalizations, necessitates a new approach. Patient navigation and value-based interventions are critical to reduce these costs. Recent initiatives, such as the CMS’ Enhancing Oncology Model and the move to reimburse patient navigation services in 2024, reflect this shift.
Overcoming Challenges of Patient Navigation Programs
Thyme Care’s comprehensive services empower oncologists to prioritize high-quality, patient-centric care. The platform eliminates administrative and financial burdens often associated with value-based care initiatives. While patient navigation programs hold promise, traditional approaches have proven expensive and burdensome for practices to implement, scale, and accurately measure. Thyme Care addresses this challenge by offering patient-centered care resources directly within participating oncology practices. These resources include:
- 24/7 Virtual Oncology Care Team: Provides wraparound services such as care coordination, symptom management, access to social and economic resources, and the collection of electronic patient-reported outcomes (ePROs).
- Robust Data & Analytics Engine: Enables practices to understand their patient populations, identify opportunities to improve value, and prioritize patient needs. This also includes reporting capabilities for accurate, individual practice-level results.
- Novel Payment Models: Unlocks value-based treatment decisions without compromising practice finances.
Thyme Care: A Seamless Extension of the Oncology Practice
By functioning as an extension of the practice, Thyme Care alleviates administrative burdens, enhances efficiency, and empowers success in value-based care arrangements. The company’s ability to expand partnerships with payers and providers across commercial and Medicare Advantage segments allows for the rapid growth of the TCOP network.
“Traditional healthcare views value-based care as everyone’s job but no one’s responsibility – great in theory, but too daunting for one party to take accountability for. We’re bringing together all of the stakeholders in such a way that it makes sense for everyone to be a part of,” said Bobby Green, MD, co-founder, chief medical officer, and president of Thyme Care. “Too often in the past this has been attempted without collaborating with the people actually taking care of cancer patients, the oncologists. Together with our partners, we’re helping to drive this shift to value-based cancer care.”
