Performing Annual Wellness Visits (AWVs) provides a unique value that benefits your healthcare organization, providers and your patients. AWVs align with population health management, and can identify any needs for additional patient services, including labs, imaging, procedures, and follow-up visits.
Financial and Operations Benefits of Performing Annual Wellness Visits
Annual wellness visits improve quality impact and acuity scores, the patient’s loyalty to the provider and hospital system, the patient’s safety, and it reduces their health risks.
AWVs can be performed virtually and have strong Working Relative Value Units (wRVUs) for the providers.
Financially, a patient’s first AWV is reimbursed around $175, and subsequent AWVs are reimbursed around $130. Rural Health Clinics have higher reimbursement rates for AWVs.
Which is to say, if your organization performs the industry average of 7% of AWVs, and you had 5,000 patients receiving Medicare benefits in your healthcare system, you could grow AWVs up to 50% and your hospital’s net revenue can expand to over one million dollars net revenue every year.
Performing AWVs creates physician and staff alignment, improves workflows, increases patient screenings, and increases revenue.
Contact Blue and Co. to Learn More About How Annual Wellness Visits Can Add Value
If you would like to learn more about Medicare annual wellness visits, and how your organization can optimize them, please reach out to your local Blue & Co. advisor, or one of our AWV experts: Brandon Bond or John Wortley.
Brandon Bond, Senior Consultant
317-275-7427
John Wortley, Senior Manager
502-992-2563
