KNOXVILLE, Tenn.--(BUSINESS WIRE)--Focus on Therapeutic Outcomes, Inc. (FOTO) accepted an invitation by the U.S. House Ways and Means Subcommittee on Health to offer guidance on how Congress may assist the medical industry to create new policies to improve healthcare.
FOTO provided to Congress detailed insights about pay-for-performance policies, using data from its Patient-Reported Outcomes Measures database of nearly 22 million patient assessments. Specifically, FOTO demonstrated the effectiveness of a value-based healthcare payment program using risk-adjusted performance measures, and provided results from a value-based payment pilot study using FOTO performance measures that resulted in a 12 percent cost savings.
The Congressional Ways and Means Committee hearing, chaired by Peter Roskam (R-IL), was the second in a series on Innovation in Health Care. The hearing focused on innovative practices and technology that physicians and other providers are implementing. The Committee is seeking ways to modernize the U.S. healthcare system, improve healthcare delivery, encourage care providers to be accountable for outcomes, and innovate a payment system that emphasizes value-based care.
“Our national healthcare system is in need of a significant overhaul, and we are proud to contribute FOTO’s vast experience and lessons learned from our robust scientific methods, technology, database and innovative approaches to measure, report, and encourage value-driven care,” said Deanna Hayes, Director of Research at Focus on Therapeutic Outcomes, Inc.
FOTO’s ground breaking pay-for-performance model has been implemented by large payers in the U.S. Including Health Partners in Minnesota and Blue Cross Blue Shield of Louisiana.
Focus on Therapeutic Outcomes, Inc. (FOTO) has been continuously improving solutions to efficiently measure and reliably report patient functional outcomes for the physical rehabilitation industry for 26 years. FOTO’s web-based measurement solutions are used by clinicians to determine fair and accurate risk-adjusted predictions of the expected improvement in patients’ functional ability.
More than 21 million patient assessments have been compiled in the FOTO database – one of the largest in North America. Visit www.FOTOinc.com for more information.