i360 will help you to validate your patient data intelligence, which will assist your organization to ensure that you're increasing your revenue stream by utilizing new Medicare CPT codes.
Healthcare is more expensive and hospitals are routinely expected to cut costs while improving care, financial savings are critical. Remote patient monitoring (RPM) is the vehicle for financial savings for all healthcare organizations.
RPM and PGHD provide cost savings and increase the return on your investment (ROI). The ROI of remote patient monitoring, can take many forms. You get a return on your investment from remote patient monitoring via cost savings from reduced hospital re-admissions, in person visits, nurse engagements, and ER ($$) visits.
Healthcare organizations can avoid Affordable Care Act penalties for re-admissions within 30 days of discharge by implementing Remote Patient Monitoring programs. This will assist clinicians so they can intervene before a negative health event can occur, saving you thousands and providing better patient outcomes.
Lower operational costs is another benefit of RPM and PGHD , that can reduced number of bed days when admitted to the hospital and reduced overall resource utilization.
The ROI from remote patient monitoring provides financial savings that are critical to all healthcare organizations.
Stay up to date on new and unbundled CPT codes.
“Codes 99453 and 99454 are used to report remote physiologic monitoring services (e.g. weight, blood pressure, pulse oximetry) during a 30-day period,” explains the 2019 CPT book.
Value Based Care has emerged as a replacement for fee for service reimbursement, based on quality rather than quantity of care. Efficiency and effectiveness will be rewarded by tying payments to the quality of care outcomes not the quantity of outcomes. The goal of value based care is to provide better care for individuals, improve population health management strategies, and reducing healthcare costs.
Focusing on patient outcomes and how to use technology to improve quality care based on specific measures, such as hospital re-admissions and improving preventative care is the new reimbursement model. This value based care is comprehensive, coordinated care using payment models that hold organizations accountable for cost control, patient experience, and quality improvement.