How We’re Leading the Transition to Value-Based Care

At PointClickCare, we recently took our latest stride towards advancing the shift to value-based care – acquiring Patient Pattern.

The newest addition to our ever-growing community is comprised of an electronic health record and integrated care management platform that allows providers who are transitioning to value-based care models to manage both traditional fee-for-service and value-based care functions in a unified platform. Our aim with this partnership is for our combined offerings to deliver a mechanism for adopting and succeeding in risk-bearing arrangements without having to use multiple fragmented solutions – a move that will save overburdened care teams time and effort while advancing a patient-centric model.

Our teams have a shared vision of improving outcomes for all. By uniting our companies, we hope to better address critical gaps in healthcare and provide care teams with the solutions they need to successfully operate at the top of their license.  

The shift to value-based care

The shift to value-based care continues to accelerate each year, especially as providers are increasingly taking on more risk. In fact, according to a recent McKinsey and Company study, the number of patients treated within the value-based care landscape could roughly double in the next five years.  

Senior care providers need our support as they navigate new models of care and ultimately take on more risk-bearing responsibilities. This includes empowering them with technology that enables them to deliver exceptional care – particularly to high-needs populations. As our customers continue to embrace value-based care and see the success of this model, we’re excited to integrate our point-of-care access to deep, real-time insights with Patient Pattern’s care management platform.

Care models will, of course, continue to evolve, and this strategic investment is another example of our commitment to helping our customers thrive in this evolving market and succeed with this shift to risk.

Expanding our portfolio to address critical gaps in care

As the shift to value-based care continues to fuel the growing market demand for intelligence and collaboration tools, we’re invested heavily into cross-facility care collaboration. We’ve always had a focused mission to address critical gaps in healthcare and enable better care for high-needs populations across the care continuum. Now, given our recent partnerships, we’re able to double down on our impact in healthcare.

Acquisitions have and continue to be a key mechanism for us to accelerate PointClickCare’s growth. Our growth story started in 2019 when we acquired medication management solution QuickMar, and continued with our acquisition of Collective Medical, a cross-continuum coordinated care platform. In early 2022, in an effort to strengthen care networks even further, we acquired health IT company Audacious Inquiry, which offers several services focused on care coordination, and later launched Virtual Health, a telemedicine service for skilled nursing facilities that offers 24/7 access to hospitalists. Finally, before the close of 2022, we signed a deal with pharma giant Pfizer to share our real-world data on seniors, specifically those in long-term care facilities, which would help influence Pfizer’s decisions on new therapies. While these are just a few highlights along our journey towards digital transformation in healthcare, they set the stage for our latest acquisition.

Our acquisition of Patient Pattern will further enable providers to take a comprehensive approach to frailty, ultimately enabling better overall care planning. The company’s Care Coach technology is a workflow management program that helps organizations manage fee-for-service and value-based care patients, and their PDPM Coach assists with value-based care reimbursements. This is a move that will help providers truly leverage the power of data to make better care decisions.

We’ve always been focused on positively impacting the care of high-need populations and investing in value-based care allows us to just do that.

Stronger together

Over the last few years, we’ve made several strategic investments and spent a lot of our time and resources to make the right connections. When we started discussions with Patient Pattern, we quickly realized our strong shared values and common mission to help our customers provide the best care for their residents. Welcoming Patient Pattern into the PointClickCare community continues that investment journey, and we couldn’t be more excited for the path forward!