New Opportunities in Virtual Care: Remote Patient Monitoring Reimbursement
A practical guide to help healthcare providers expand their practices, increase revenues and optimize care under the 2020 CMS reimbursement schedule
Generate New Revenues and Improve Care with RPM
Every day brings new medical science developments and novel approaches to streamlining practice management, but there’s one constant that fosters better clinical outcomes: a solid, interactive doctor-patient relationship. These trusted relationships, over time, improve care, enable timely intervention and ultimately reduce costs by preventing unnecessarily hospitalizations. The challenge, however, is finding the time and the means to sustain these vital connections in an era when physicians are seeing increased patient volumes and chronically overbooked schedules.
Incorporating Remote Patient Monitoring (RPM) into the practice can help address these challenges. RPM, or telemonitoring, leverages communication technologies by collecting vital patient physiologic data from within and outside conventional care settings, and then transmitting that data securely to clinicians—who use it to direct care and support patients. Some research has shown that RPM not only improves outcomes but also strengthens doctor-patient relationships via increased interactions. The added benefit is that RPM has the potential to increase practice revenues without imposing additional strain on already overburdened resources.
This paper examines the potential of this technology in the context of daily medical practice. We look at how practitioners can turn Remote Patient Monitoring disruption into an opportunity with multiple benefits to patients and how growing a medical practice in the digital realm can be both cost-effective and efficient in terms of daily operations. We explore how Remote Patient Monitoring can be a proven-effective pathway to improved patient care that also secures new revenue streams. And, more importantly, we look at the effect of technology on the doctor-patient relationship, and the critical importance of keeping these relationships predominantly between doctor and patient, even as that interaction reaches beyond the four walls of a medical practice.