Remote Patient Monitoring is changing the way healthcare practitioners care for their patients. Healthcare providers often try new techniques and treatment methods -. With medical technology becoming more and more affordable, many practices have seen an increased usage on Remote Patient Monitoring.
Remote Patient Monitoring benefits the patients, as studies have shown. It can also elevate a practice in a multitude of ways. Here are a few key reasons more and more healthcare providers are turning to Remote Patient Monitoring.
Enhanced Care
As we have mentioned previously, Remote Patient Monitoring provides patients, suffering from a chronic condition, with an added level of reassurance and comfort. They know they are being looked after while away from the doctor’s office. Besides enhancing the patient experience, RPM can enhance the level of care the doctor can provide that patient.
Remote Patient Monitoring, through its consistent measurements, provides the doctor with a more complete picture of the patient’s condition. After all, it is no secret that many patients may not tell the doctor everything (either intentionally or unintentionally). It also eliminates the possibility of elevated “White Coat Syndrome” readings. By patients taking their readings regularly, in the comfort of their own home, the doctor can make better diagnostic decisions thanks to the data collected through Remote Patient Monitoring.
Reduced Liability
Liability can take many forms – particularly when running a healthcare practice. Whether it is the risk of COVID-19 transmission between patients waiting in the waiting room, or the possibility of missing a diagnosis because there just really wasn’t enough information to go on, liability is ever present. However, Remote Patient Monitoring can help reduce the risk of liability for your practice.
Remote Patient Monitoring allows you and your team to take control of your waiting room – particularly in a global pandemic. You no longer have to worry about the patients who feel “a little off” or “just not right” and demand an appointment where they may interact with the waiting room population. You may have a patient that is mobility-challenged, do you insist on them coming in for an office visit for regular monitoring? Again, possibly exposing them to Coronavirus or other illnesses unnecessarily. Remote Patient Monitoring gives you the answers you need without unnecessary office visits.
Practitioners gain the benefit of consistent information on their patient and their condition. Regularly collected measurements allow doctors and decision makers to consider medicine changes and diagnoses based on more information. Better informed treatment plans help reduce the risk of mistakes. Reducing mistakes means reducing liability.
Revenue
Did you know Medicare can reimburse your practice up to $220 per month (depending on some states you might earn even more), per patient for Remote Patient Monitoring? It’s true! Through specific CMS codes, your office will be reimbursed up to $220 per month, per patient simply by adding Remote Patient Monitoring to your practice. There are other ways it can increase your revenue.
Take for example, the patient who doesn’t “feel quite right” and demands an appointment. Your staff obliges because they have no way of knowing for sure what the issue might be. It turns out to be nothing. If you had called upon their measurements from the last month, they could have been reassured over the phone. However, on the same day, a far less demanding patient who needs a more complex examination calls in but is turned away. Why not maximize your in-office time and potential revenue by ensuring your appointments are being used by those who truly need them? After all, time is money, right?
MIPS Scores
In 2020, the “quality” category was worth 45% of the overall MIPS Score. According to MD interactive, “If you have been using telehealth to care for any of your patients and have eligible CMS codes, some may be eligible for your MIPS Quality reporting. If you have recently adopted or expanded the use of telehealth services in your practice, it may help you fulfill some of your MIPS reporting requirements this year.” There is a federal government a site that expands on MIPS scores and RPM.
Value
Ultimately, enhanced patient care, increased revenue, reduced liability, and MIPS score contributions combine to increase the value of your practice. By providing your patients with enhanced care (and yourself the ability to enhance your diagnostic process), increasing your revenue stream, reducing various liabilities that may occur while operating a practice, and adding treatments that can subsequently improve your MIPS score, Remote Patient Monitoring increases the value it brings to a medical practice.
How do I get started?
When you partner with Medek Health Systems for your Remote Patient Monitoring, you receive maximum value with minimal effort by you and your team. Contact us today to learn more about how to put the Medek Remote Patient Monitoring partnership to work for YOUR patients and your staff.
