Over the past 25 years, I’ve served as a leader, operator and practicing physician with organizations such as TeamHealth, Navvis, CareCentrix, and as an educator and leader at UMass Chan School of Medicine and UMass Memorial Healthcare. I know the challenges of managing Medicare requirements on one hand, and I also respect the ability of cardiologists to make their own care decisions, or set their own schedules. These freedoms are often lost when joining a big practice. But I don’t want to tell someone how to be a cardiologist - I’d rather help them focus on the patient experience.
CardioOne is a next-generation network of independent cardiology practices, and I stress the independence aspect. We designed CardioOne to ease the burden of managing a practice while accelerating clinical quality, financial performance and growth. We want to empower cardiologists to remain independent and thrive in an increasingly demanding practice environment, while having more control and flexibility over hours.
While independence is important, there are also advantages to scale - working with EMRs, rolling out new technology to enhance revenue streams and efficiency, negotiating with payers, these all call for large-scale efficiency. That’s why I see CardioOne as a unique offering. We can provide independent cardiologists with the benefits of national scale by leveraging our network, technology, services, contracts and expertise. We can help cardiologists provide services like care coordination, practice optimization and staff management to support more flexibility.
As demand for cardiology services grows, we’re also seeing a shift with more value-based contracts in cardiology, which changes payment models and requires additional tools for success. These tools include enhanced patient engagement and monitoring with expanded integrations across the continuum coupled with new reporting and analytics. The American College of Cardiology has called for prioritizing patient-centered payment models, addressing health equity and promoting innovation and improvements in cardiovascular care. The 2023 CMS fee schedule cut reimbursements for cardiologists, reflecting the need for physicians to migrate into newer reimbursement models or face further reduction in their incomes. CardioOne’s leadership team is steeped in experience in managing value-based contracts. We are bringing the technical and operational tools to allow our partners to participate and thrive in today’s fee-for-service environment and tomorrow’s coming value-based world.
“By removing the heavy administrative burden of practice management, we are able to focus on what matters the most...spending quality time with our patients."
Barbara Hutchinson MD PhD FACC
We’re already hearing about the benefits from the physician partners we’re working with. There’s a family cardiology practice where they’re excited for the opportunity to offer their patients the digital conveniences they expect, while helping their practice thrive. We’re hearing about success from other doctors, such as Dr. Barbara Hutchinson, owner of Chesapeake Cardiac Care in Maryland, who said, “As physicians, we strive to provide best-in-class care to our patients and community. By removing the heavy administrative burden of practice management, we are able to focus on what matters the most...spending quality time with our patients."
Built for the future
Looking down the road, the need for cardiology treatment will continue to grow. Doctors want to see patients, not paperwork. But with Medicare rolling out more value-based contracts for cardiology, tracking outcomes and care scores will make this complicated. If we want independent doctors to stay independent, we need to provide cardiologists with the advantages of national scale with CardioOne’s network, technology, services and expertise. This will enable practices to deliver the most advanced care and achieve sustainable growth, while preserving clinical autonomy and reducing administrative overload.