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Chronic diseases are a leading cause of death and disability in the USA, and the number of Americans affected by chronic illnesses is estimated to hit 50% by 2025. Co-morbid diagnoses are a significant consequence of this, with one in four US adults struggling to manage two or more chronic conditions simultaneously.
As a result of this surge in chronic health problems, an ever-increasing number of Americans take several medications, receive care from different providers, and are in and out of the hospital and health clinics multiple times each year.
Unfortunately, as payers know all too well, the cost of this care is expensive, and as of this year, 86% of health care costs are being consumed by the management of chronic diseases.
To mitigate the skyrocketing costs of healthcare and promote more effective treatments for individuals with chronic diseases, payers and providers collaborate on innovative care models. These include person-centered care, value-based care, and, the subject of this article, coordinated care.