Remote Patient Monitoring is changing the way healthcare practitioners care for their patients. Afterall, healthcare providers often try new techniques and treatment methods- whether it is the result of new research or to overcome new challenges. With technology becoming more and more affordable and easy to use, many practices have seen an increased reliance on Remote Patient Monitoring. However, Remote Patient Monitoring doesn’t just benefit the patients. It can truly elevate a practice in a multitude of ways. Here are a few reasons why more and more healthcare providers are turning to Remote Patient Monitoring.
As we have mentioned previously, Remote Patient Monitoring provides patients suffering from a chronic condition, with an added level of reassurance and comfort knowing that they are being looked after while away from the doctor’s office. However, in addition to enhancing the patient experience, it truly enhances the level of care the doctor is able to 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 on a regular basis, in the comfort of their own home, the doctor is able to make better diagnostic decisions thanks to the data collected through Remote Patient Monitoring.
Liability can take many different 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- and will then add to the waiting room population. Or, do you have a patient that is mobility-challenged, but yet, you have to insist on them coming in for an office visit to check on them regularly? Again, possibly exposing them to Coronavirus or other illnesses unncessarily. Remote Patient Monitoring gives you the answers you need – in either case- without unnecessary office visits.
Practitioners have 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 with a lot more information. Better informed treatment plans help reduce the risk of mistakes – and reducing mistakes helps to reduce liability.
Did you know that 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 CPT codes, your office will be reimbursed up to $220 per month, per patient simply by adding Remote Patient Monitoring to your practice. However, it can increase your revenue in other ways as well.
Take for example, the patient who doesn’t “feel quite right” and demands an appointment. Your staff obliges because they have no way to know for sure what the issue might be. It turns out to be nothing. If you had been able to call 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, as it turns out, is in need of 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?
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 CPT 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.” Additionally, the federal government has provided a site that expands on MIPS scores and RPM in general.
Ultimately, enhanced patient care, increased revenue, reduced liability, and MIPS score contributions all equal true value for 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, it is clear that Remote Patient Monitoring is truly unparalleled in the amount of 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 on the part of 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.