NWMS Voluntarily Elects 2-Sided Risk In The Oncology Care Model

Introduction

Welcome to Sibel Blau, your trusted provider of comprehensive cancer care services. In this blog post, we are thrilled to share the exciting decision made by Northwest Medical Specialties (NWMS) to voluntarily elect 2-sided risk in the Oncology Care Model (OCM).

About Northwest Medical Specialties

Northwest Medical Specialties is a leading healthcare organization dedicated to providing exceptional oncology and hematology services to patients in the Northwest region. With a team of highly skilled physicians, nurses, and support staff, NWMS delivers personalized, evidence-based care for individuals diagnosed with cancer.

The Oncology Care Model (OCM)

The Oncology Care Model (OCM) is an innovative payment and care delivery model introduced by the Centers for Medicare and Medicaid Services (CMS). It aims to promote high-quality and patient-centered cancer care while reducing healthcare costs. OCM participants assume greater accountability and financial risk in exchange for potential shared savings.

NWMS's Voluntary Election of 2-Sided Risk

In a bold move towards enhancing patient outcomes and advancing the field of oncology, Northwest Medical Specialties has decided to voluntarily elect 2-sided risk in the Oncology Care Model. This decision reflects NWMS's commitment to delivering high-value care and continuously improving the patient experience.

Benefits of 2-Sided Risk

The voluntary election of 2-sided risk in the Oncology Care Model presents numerous benefits for Northwest Medical Specialties, its patients, and the healthcare industry as a whole:

1. Enhanced Care Coordination

By assuming 2-sided risk, NWMS can further enhance care coordination efforts among various providers involved in a patient's cancer treatment journey. This model facilitates better communication, collaboration, and integration of services, resulting in more streamlined and effective care plans.

2. Incentivized Quality Improvements

The financial risk associated with 2-sided risk provides a powerful incentive for NWMS to focus on delivering the highest quality care possible. It encourages continuous evaluation and improvement of care practices, ensuring that patients receive evidence-based treatments tailored to their unique needs.

3. Patient-Centered Approach

Voluntarily embracing 2-sided risk emphasizes NWMS's commitment to placing patients at the center of care decisions. By closely aligning financial incentives with positive patient outcomes, NWMS ensures that every treatment plan is designed to prioritize individual patient needs, preferences, and goals.

4. Data-Driven Insights

Through participation in the OCM with 2-sided risk, NWMS gains access to valuable data and insights that can drive transformative improvements in cancer care. This data helps identify trends, inefficiencies, and areas for optimization, empowering NWMS to innovate and elevate the standard of care.

Conclusion

Northwest Medical Specialties' voluntary election of 2-sided risk in the Oncology Care Model signifies their unwavering dedication to providing exceptional cancer care. This strategic decision further solidifies NWMS's position as a leader in the field, promoting better patient outcomes, advancing the science of oncology, and embracing a patient-centered model of care.

At Sibel Blau, we are proud to be associated with Northwest Medical Specialties and their commitment to delivering comprehensive cancer care services. Together, we strive to make a positive impact on the lives of individuals and families affected by cancer, ensuring a brighter and healthier future for all.