A medical system committed to improving wound care outcomes and financial performance. They partnered with Healogics, the largest wound care management company. Through Healogics' physician-led training and approach, the health system saw dramatic improvements - a 235% increase in clinic contribution margin, worth $1.4 million. They added nurse practitioners for inpatient and nursing home coverage to better coordinate care. A new wound care center delivered a $437,000 contribution margin in its first year. The partnership helped the health system achieve both clinical and financial goals through a coordinated, value-based approach to wound care.
Case Study - Healogics Growth Through Care Continuity
1. Growth Through Care Continuity:
Improving Financial Outcomes
in Wound Care
235%
contribution
margin increase
Additional Nurse
Practitioners added
for inpatient and
SNF coverage
Swift program
expansion
57% revenue growth
at existing facilities
88% revenue growth
at newest facility
OVERVIEW:
Wound care has long been a service offering for the patients of a leading medical system in the Southeast, but recently the
organization committed itself to achieving a fully value-based approach. The desire was to raise the bar on overall financial
performance in tandem with clinical outcomes.
The effort started with the organization’s own outpatient wound care clinics, with the goal of improving transitions of
care between inpatient and outpatient settings. It was an important step given the number of facilities within the health
system: three hospitals; numerous physician practices, as well as home health, hospice and palliative care locations; and
two outpatient wound care clinics.