What You Should Know:
– Vivid Health, an AI-powered care management company, today announced it’s expanding its generative AI platform to support the home health market.
– The move will help home health agencies potentially double the number of patients they accept per day while also significantly reducing administrative burdens.
Vivid Health: Revolutionizing Healthcare with Provider Led AI™
Vivid Health is a pioneering care management company harnessing the power of Provider Led AI™ to drive operational and clinical advancements in healthcare. By leveraging cutting-edge generative AI and large language model (LLM) technology, Vivid Health simplifies longitudinal care management through an innovative SaaS platform. This platform integrates seamlessly with leading healthcare technology systems, enhancing efficiency and precision in patient care.
Key Features:
– Operational Efficiency: Vivid Health’s platform expedites the intake documentation process in home health settings, reducing the time required from two to three hours to just 30 minutes. The platform automates 94% of the Outcome and Assessment Information Set (OASIS) documentation, enabling clinicians to start sections before entering the patient’s home and only requiring validation during the visit.
– Patient-Centric Care: Through simple, patient-engaging questions during the intake process, Vivid Health gathers critical information about care preferences, medical conditions, and overall mental health. This data, combined with the patient’s medical record, forms the foundation for personalized, CMS-compliant care plans.
– Ongoing Care Management: The platform includes an automated follow-up function that maintains continuous engagement with patients and caregivers throughout the care episode. This feature acts as a personal assistant to clinicians, highlighting patient needs and prioritizing workflow.
Expansion and Market Impact:
– Vivid Health’s platform has already garnered significant interest from home health and Hospital-at-home organizations, capitalizing on the rapidly expanding home health market. A McKinsey report predicted that up to $265 billion worth of care services for Medicare and Medicare Advantage beneficiaries could shift to home care by 2025.
– Initially launched in 2023, the platform covers 16 specialties and over 100 conditions, and has been employed by accountable care organizations (ACOs) to enhance value-based care initiatives. It has notably reduced chronic condition care plan development time to just three minutes.
“Currently, home health agencies reject up to 76% of hospital referrals due to resource limitations and administrative challenges,” Vivid Health CEO and Co-founder Patrick Mobley said. “When hospitals aren’t able to discharge these patients to safe care in lower-cost settings fast enough, we end up with overcrowded hospitals, higher costs for payers, burned out nurses due to late-night paperwork, and dissatisfied patients who can’t get home when they’re ready. Vivid Health can address these well-known bottlenecks so we can help home health providers to achieve the quintuple aim.”
Future Developments:
– Vivid Health is expanding its reach into home health as part of its broader strategy to deploy Provider Led AI™ across healthcare organizations with chronic care management programs.
– The company’s roadmap includes plans to introduce AI-automated care planning and documentation for the forthcoming Hospice Outcomes and Patient Evaluation (HOPE) assessment tool from CMS.
Vivid Health is committed to driving operational efficiency and clinical excellence across the healthcare spectrum, ensuring that both patients and providers benefit from the advancements in AI-driven care management solutions.
