Remote Patient Monitoring
Remote Patient Monitoring (RPM) is a technology to enable monitoring of patients outside of conventional clinical settings, which may increase access to care and decrease healthcare delivery costs. Incorporating remote patient monitoring in chronic disease management allows patients to maintain independence and minimize personal costs.
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Reimbursement
There’s never been a better time to get started. Medicare providers can qualify for an extra $100
per patient, per month (minimum), just for implementing a remote patient monitoring program. The average is even higher at $148
per patient, per month. 1
Plus, there’s no additional physician time. Just bill to three new CPT codes that were created in the 2019 Medicare fee schedule of Chronic Care Remote Physiologic Monitoring: 99453, 99454
and 99457. 2
A total of 6 new CPT codes have been added to the 2019 and 2020 Medicare fee schedule in the category of Chronic Care Remote Physiologic Monitoring. Contact us for detailed information.
New 2020 CPT Codes: 99458, 99473, and 99474
References:
1 For payment policies, payment rates, and other provisions for services furnished under Medicare, visit Physician Fee Schedule (PFS) “Overview.” CMS.gov Centers for Medicare & Medicaid Services, 27 March 2019.
2 Requirements to obtain Medicare reimbursement for remote patient monitoring include: (1) monitoring is medically necessary and appropriate in the HCP sole discretion; and (2) advising to consult the Fee Schedule for all requirements.
Manage Chronic Conditions Remotely
Multiple chronic conditions such as diabetes, hypertension and COPD affect three in four Americans aged 65+. Treating these chronic conditions with remote patient monitoring helps prevent complications and leads to better health outcomes.
We are able to offer one-stop solutions for healthcare providers to review physiological parameters, coordinate, and manage overall patient care remotely.
- Diabetes Care
- Cardiopulmonary Disease
- Congestive Heart Failure
- Hypertension
- Multiple Chronic Conditions
Revenue Stream
As of January 1, 2019, physicians are able to bill an average of $148 per month, per patient, for RPM services under the new Medicare reimbursement rules. This adds up to a significant revenue source, especially with no out-of-pocket costs for the equipment or service. 2020 offers new billing codes and reimbursements, contact us today for additional information and to schedule a demonstration of the many ForaCare products and services.
