Telehealth has exploded over the past 12 months from 12,000 telehealth visits a week to more than 1 million per week across the country (per Seema Verma, administrator of CMS on June 9). Telehealth is great. A wise administrator or physician can truly help their patients and their clinic by using it properly. Since the COVID-PHE began, our consultants have taught more than 4 dozen live webinars on Telehealth & Telemonitoring and have another dozen scheduled in the next 4 months. We are very good at helping you stay abreast of the changes.
Some telehealth services require an interactive audio and video telecommunications system that permits real-time communication between the patient and the physician. Telemonitoring does not have the same requirements as telehealth.
Yes, you can make good money with the telehealth services if you have the system set up, while tele-monitoring is available to all physicians, Nurse practitioners and Physician Assistants and results show that this service greatly reduces the number of hospital admits, re-admits and emergency room visits. Tele-monitoring through our service can be up and running in almost any office within a week.
The Centers for Medicare & Medicaid Services (CMS) began paying in 2016 for telemedicine. They were paying rather poorly prior to 2019. Medicare just started paying a greatly improved fee for remote patient monitoring in 2019, One Texas internal medicine physician reported in April 2019: “Last week, I had a Medicare patient hospitalized for 3 days due to hypoglycemia. Had I had this program in place for her, I would have been able to capture the problem in time and she would have avoided the entire hospitalization”.
In June 2020, a client in Arkansas get notified at 12:10 am that a patient's blood sugar reading was much too low and he was able to intervene. We notified the doctor who reached out to the patient. This is what rpm is all about.
The program is quite simple for Medicare patients nationwide, since the inception of payment on the new CPT codes 99453, 99454 and 99457 in January of 2019 and code 99458 in 2020.
Most of our clients are averaging more than $110 per month, per patient on our rpm program since we began, and practices do NOT have to hire additional staff or even add on time consuming duties to existing staff. We have the solutions to make it easy.
A practice with 500 Medicare patients with hypertension and/or diabetes could easily be netting $27,500 a month or $330,000 a year by providing this service to only 50% of their patients that qualify, without the practice having to buy even one piece of equipment.
If you would like to discuss this to see how this would effect your own practice, schedule a half hour Zoom call with us by clicking on this link.
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"A practice with 500 Medicare patients with hypertension and/or diabetes could easily be netting $27,500 a month or $330,000 a year by providing this service to only 50% of their patients that qualify, without the practice having to buy even one piece of equipment."