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Ep 188 – Connecting the Healthy Outcomes of Patients Directly to Healthier Profitability, with Kyle Wailes

Ep 188 – Connecting the Healthy Outcomes of Patients Directly to Healthier Profitability, with Kyle Wailes

Released Monday, 23rd October 2023
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Ep 188 – Connecting the Healthy Outcomes of Patients Directly to Healthier Profitability, with Kyle Wailes

Ep 188 – Connecting the Healthy Outcomes of Patients Directly to Healthier Profitability, with Kyle Wailes

Ep 188 – Connecting the Healthy Outcomes of Patients Directly to Healthier Profitability, with Kyle Wailes

Ep 188 – Connecting the Healthy Outcomes of Patients Directly to Healthier Profitability, with Kyle Wailes

Monday, 23rd October 2023
Good episode? Give it some love!
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Connecting the health and wellbeing of patients of patients directly to the bottom line isn’t just good business; it is a visionary approach that shows how healthier outcomes can actually drive healthier profitability. Continued success in demonstrating the correlation between clinical and financial outcomes will be a catalyst for generating societal wellbeing that paves the way for others to adopt value-based care.  And in doing so, we create a more sustainable and effective healthcare ecosystem. In this Race to Value, the true race isn’t about speed; it is about the journey to improved outcomes. Strategic and transformational partnerships guided by an enabling vision to improve population health will ultimately create a healthcare system that we can be proud of.In this episode, you will hear from Kyle Wailes, the Chief Executive Officer and Board Member of value-based care company, Wellvana.  Kyle Wailes is someone on a mission to demonstrate how fully-capitated models in primary care, empowered by the right partnerships to create enablement, will ultimately drive patient behavior change.  Under his leadership, Wellvana is an industry-leading example of a company that is connecting the healthy outcomes of patients directly to healthier profitability. With the tools, technologies, analytics, and resources for healthcare providers to successfully and seamlessly transition to value-based care, Wellvana is getting outstanding results and growing at an exponential rate for such a young company.  This is highlighted by the recent announcement of their partnership with AdventHealth to revolutionize primary care in the state of Florida.  Don’t miss this important interview to learn more about VBC enablement, high-touch primary care and clinical integration, the power of storytelling, patient behavior change, lifestyle medicine, and the current state of private equity investment in healthcare!Episode Bookmarks:01:30 Connecting healthy outcomes of patients to healthier profitability.  (A High-Touch Approach for High Performers)02:00 Introduction to Kyle Wailes, Chief Executive Officer and Board Member at Wellvana.04:00 Big Announcement -- AdventHealth partners with Wellvana to transition its Florida primary care network to VBC05:00 Wellvana is the first value-based care enablement organization in the country to partner with a multi-state/national health system.06:00 Kyle provides more details on how Wellvana’s recently announced partnership will impact the delivery of healthcare in Florida.06:30 “Building clinically integrated primary care networks across the country requires flexibility.”07:00 Expanding primary care impact through interdisciplinary roles (e.g. case management, care coordination, pharmacy integration, social work, coding)07:45 Health systems across the country are extremely distressed with expenses growing 2X as fast as Medicare payments.09:30 “The pandemic has been an accelerant overall to drive the adoption of value-based care.”09:45 The opportunity to reposition primary care in the health system setting, taking it from loss leader to profit center, as a strategic cornerstone for transformation.10:00 A health system focused only on fee-for-service can lose up to $200-300K per employed PCP.10:30 “Clinically integrated primary care networks can drive better clinical outcomes, but they can also drive profit and growth as well.”11:00 Flexibility in growing a PCP network through either an employed or affiliated model.11:30 Kyle’s personal journey as a professional athlete, student of neuroscience, and value-based healthcare executive.12:30 “The Story of the Chinese Farmer” – a parable that illustrates the idea that events that initially seem bad or good can lead to unexpected outcomes.14:00 Kyle provides perspective on the highs and lows of life and how that translates to theculture at Wellvana.15:00 Lessons learned from playing competitive sports (discipline, hard work,

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The Race to Value Podcast

We are in a race to make health value work in the country. The imperative to drive health value is no longer an optional transition. The unsustainable upward cost trajectory of U.S. healthcare spending, coupled with declining outcomes and disparity gaps, are leaving vulnerable populations woefully underserved. To win the “race to value” we me must have disruptive innovation, spirited collaboration, democratized knowledge, realignment of the healthcare workforce towards value-based care competencies, and a collective moral purpose to reform our industry.In this podcast, leaders from the Accountable Care Learning Collaborative (ACLC) interview the top healthcare executives and entrepreneurs to discuss healthcare’s value economy. Race to Value is the show to connect you with other healthcare leaders working to create better value in health, including provider organizations —hospitals and health systems, physician practices, and post-acute providers — health plans, pharmaceutical and life-science firms, health information technology firms, medical device manufacturers, and a multitude of other stakeholders. We are the ideal resource for leaders of healthcare organizations looking to transition to and thrive in the new reality of value-based care.The race to value is not unlike any other social movement. As a nonprofit organization focused on industry transformation, the ACLC is here to catalyze a movement to value-based care. Patients are being harmed by the current healthcare system which is fraught with perverse financial incentives and structural distortions. Additionally, physicians are experiencing moral injury because they cannot care for patients in the way in which they intended when they began medical training. With its Accountable Care Atlas, a development guide for competency implementation, the ACLC is working with healthcare organizations all over the country to create the workforce of tomorrow.There is a better way. The Race to Value podcast is here to bring to you the brightest minds making waves in the industry with their leadership and innovation. Our mission is to harness their brainpower to facilitate transformation in our country’s healthcare system. Come join us to listen to these disrupters as they share their vision to reorder the healthcare universe. Now is the time to get inspired -- we can win this race to value.

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