WM SleepCare, an affiliate of Watermark Medical, Inc., (“Watermark Medical”) is launching its comprehensive sleep benefits management program that offers insurance providers and self-insured employer groups an end-to-end Obstructive Sleep Apnea (OSA) program with utilization oversight and compliance management. This comprehensive sleep management solution will utilize the Watermark Medical cloud-based platform that improves work flow, integrates therapy alternatives, and significantly reduces the high cost of healthcare delivery.
“The Centers for Medicare Services (CMS) made it possible for insurance providers to offer home sleep testing. We quickly recognized the opportunity to build a sleep benefits management program with tight controls and utilization oversight, something the insurance industry is rapidly embracing”
Sleep disordered breathing affects more than 60 million Americans and OSA affects more than 25 million Americans, only 15 percent of which have been diagnosed, making OSA one of the largest undiagnosed disease states. “OSA is directly linked to obesity, diabetes, hypertension, heart diseases, and atrial fibrillation, the number one cause of strokes,” said Dr. Phil Westbrook, Chief Medical Officer of Watermark Medical.
Announcement Highlights
– Watermark Medical leverages cloud-based technology and innovation to provide cost savings to insurance companies.
– Launches WM SleepCare, a sleep benefits management program.
– WM SleepCare utilizes Watermark Medical’s integrated cloud technology to manage patients with Obstructive Sleep Apnea (OSA), a chronic disease that affects more than 25 million Americans.
– Provides payors and self-insured clients tight controls with utilization oversight and reduces the risk of fraud and abuse.
– Reduces the cost of healthcare as much as 50 percent for patients with untreated OSA.
WM SleepCare offers a vertically integrated solution using the Watermark Medical web-based platform that takes cost out of the healthcare system and improves patient outcomes. “We are transforming the entire industry to a more streamlined and cost-effective solution, while improving patient care,” said Charlie Alvarez, President of Watermark Medical.
The American Academy of Cardiovascular Sleep Medicine (AACSM) recently selected Watermark Medical’s technology for its sleep platform. “We are very pleased to have been selected by AACSM as the exclusive technology platform,” said Dr. Westbrook. “We are excited to see Watermark Medical’s platform quickly becoming the standard for sleep testing.”
“The Centers for Medicare Services (CMS) made it possible for insurance providers to offer home sleep testing. We quickly recognized the opportunity to build a sleep benefits management program with tight controls and utilization oversight, something the insurance industry is rapidly embracing,” said Sean Heyniger, Chief Executive Officer of Watermark Medical.
Source: WM SleepCare