New world of effective, efficient care
The goal of launching an mRPM program, however, is not simply to generate additional revenue. Rather, collecting data and communicating with patients can help them stay adherent with their care plans. That is because the act of reporting on a consistent, but unobtrusive, schedule requires the patient to regularly consider their condition(s) and their health-related choices, which can influence their behaviors.
Through the reporting, patients are also reminded that their physician is monitoring their behavior and desires their success year-round. This “sentinel effect” could be better characterized as a “cared about” effect, developing a patient’s sense of responsibility in their own care plan. Consistent data-sharing opens the door for enhanced communication with the provider, which deepens the trust that is essential for engagement.
By improving engagement and adherence through mRPM, providers can potentially reduce ED utilization and prevent hospitalizations, both of which reduce costs, which would positively affect financial performance under value-based care programs. This means regardless of the payment model, mRPM can improve a healthcare organization’s bottom line without significantly adding to providers’ already enormous workloads. In fact, with the additional revenue generated through an mRPM program, it can become highly cost-effective to add a full-time clinician who enters, analyzes and monitors the patient-reported data, intervenes when necessary, and helps expand the program to more patients and conditions.
The best-kept secret in healthcare no longer needs to be a secret. Billing for these RPM codes is well worth providers’ time, and offering RPM improves outcomes and engages patients. When coupled with a mobile-focused program, RPM will deliver financial and patient care dividends for years to come.
About the author: Harry Soza is CEO of CAREMINDr, a health IT company based in Silicon Valley that provides mobile-enabled remote patient monitoring (mRPM) solutions that give doctors the ability to check in on patients in between face-to-face visits.
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Sofiia Sovchenko
re: Why is (almost) no one billing for remote patient monitoring?
November 18, 2022 10:19
The software for remote health monitoring and all other RPM purposes helps healthcare providers reduce costs and improve patient care. Such software can be targeted at clinics, hospitals, or laboratories.
This company create solutions that help patients always stay in touch with physical and mental health professionals and receive emergency help, improving the client experience and the reputation of the medical organization. Cleveroad’s RPM software helps you create new revenue streams and expand into promising business niches while being vital for people with various diseases.
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