Upswing Health - 3x3x3 Challenge with Steve Schutzer, MD
Upswing Health is a virtual orthopedic company that offers immediate injury advice and telehealth services, reducing orthopedic costs by 56% for self-funded employers and risk-sharing health systems.
Transcript:
What is Upswing Health?
Upswing is a virtual orthopedic company founded by orthopedic surgeons to focus on the out-of-control cost, dysfunctional patient's experience, and the wide variation of quality outcomes that characterizes orthopedic care in the U.S. Think about this. One in two Americans will seek care for an orthopedic problem each year at an estimated cost, now approaching a trillion dollars. Unfortunately, one-third of that spend is waste attributed to low value, no value, or potentially harmful interventions.
How is Upswing Health different?
Most companies in this space are virtual physical therapy or navigation companies. Upswing is distinctly different. Upswing is the only company, to the best of our knowledge, that uses proprietary algorithms available any time of the day or night to encounter patients the moment they have an injury, and give them immediate advice on what to do about it, avoiding unnecessary, expensive visits to the ER, or to a doctor's office. That's Upswing's virtual front door. Upswing then uses athletic trainers seven days a week, 12 hours a day to provide self-help rehabilitation programs and orthopedic physician telehealth visits within 24 hours to treat patients right from their home. This assures that the patients are on the most effective care pathway right from the start. Does Upswing's model work? Most recent third-party analysis proves that it does. Plan members who use Upswing had a 56% reduction in orthopedic costs, and a $189 decrease in per member per month spend on orthopedic services. The cost to the plan sponsor, half of our closest competitor.
Who is a good fit for Upswing Health?
Anyone who wants to save 56% on their orthopedic spend, self-funded employers, and their ecosystem of benefits consultants, TPAs, captives, stop-loss carriers. Taft-Hartley labor organizations. And finally, advanced primary care companies, ACOs, CINs, and health systems, taking downside financial risk. Upswing can co-manage their orthopedic patients along with their local primary care teams while optimizing their network adequacy.
Transcript:
What is Upswing Health?
Upswing is a virtual orthopedic company founded by orthopedic surgeons to focus on the out-of-control cost, dysfunctional patient's experience, and the wide variation of quality outcomes that characterizes orthopedic care in the U.S. Think about this. One in two Americans will seek care for an orthopedic problem each year at an estimated cost, now approaching a trillion dollars. Unfortunately, one-third of that spend is waste attributed to low value, no value, or potentially harmful interventions.
How is Upswing Health different?
Most companies in this space are virtual physical therapy or navigation companies. Upswing is distinctly different. Upswing is the only company, to the best of our knowledge, that uses proprietary algorithms available any time of the day or night to encounter patients the moment they have an injury, and give them immediate advice on what to do about it, avoiding unnecessary, expensive visits to the ER, or to a doctor's office. That's Upswing's virtual front door. Upswing then uses athletic trainers seven days a week, 12 hours a day to provide self-help rehabilitation programs and orthopedic physician telehealth visits within 24 hours to treat patients right from their home. This assures that the patients are on the most effective care pathway right from the start. Does Upswing's model work? Most recent third-party analysis proves that it does. Plan members who use Upswing had a 56% reduction in orthopedic costs, and a $189 decrease in per member per month spend on orthopedic services. The cost to the plan sponsor, half of our closest competitor.
Who is a good fit for Upswing Health?
Anyone who wants to save 56% on their orthopedic spend, self-funded employers, and their ecosystem of benefits consultants, TPAs, captives, stop-loss carriers. Taft-Hartley labor organizations. And finally, advanced primary care companies, ACOs, CINs, and health systems, taking downside financial risk. Upswing can co-manage their orthopedic patients along with their local primary care teams while optimizing their network adequacy.