The remote patient monitoring billing system has proven to be an effective solution for many healthcare organizations, with the advantages of reducing readmissions, improving quality metrics, and maintaining physician-patient relationships. Using this technology also helps to enhance cost-effectiveness for healthcare providers, as it reduces costs associated with patient visits, diagnostics, and prescriptions.
Improved physician-patient relationships
Improved physician-patient relationships with remote patient monitoring software is an emerging healthcare delivery model. Using technology to collect and transmit clinical information outside of the traditional clinic setting, this service has the potential to free up clinical resources and improve patient care. Ultimately, this technology will enable better management of chronic conditions. As the healthcare industry moves forward, it is essential to understand how these changes affect the quality of care delivered. Fortunately, researchers have been able to survey physicians about the effects of managed care on the way they practice. Among the results, a significant minority of respondents reported decreased physician autonomy regarding respecting patient autonomy and confidentiality. Some physicians also expressed concerns about medical ethics. The survey did not ask about how these effects might impact physician-patient communication. However, most respondents believed that managed care would positively affect the healthcare industry. They thought it would decrease costs, improve patient care, and improve prevention.
Reduced hospital readmission rates
As the healthcare industry continues to evolve, increasing numbers of hospitals use RPM to reduce hospital readmission rates. These programs offer frequent patient monitoring without in-person visits. They also allow patients to interact with their clinicians in real-time. This allows for quicker diagnosis and treatment of any complications. They can help reduce readmissions, increase patient engagement, and improve health outcomes. It can also facilitate the transition of patients from the hospital to home. The Centers for Medicare and Medicaid Services (CMS) have been focused on reducing excess readmissions since the advent of the Affordable Care Act. A recent study of 2,213 hospitals by the CMS showed that hospitals with high readmission rates would face substantial financial penalties.
The use of remote patient monitoring billing has decreased costs for both patients and providers. Studies have demonstrated that patients who used telehealth were more likely to avoid the hospital, had fewer hospital visits and reduced their rates of subsequent rehospitalizations. Remote monitoring can improve health outcomes and reduce the burden of chronic diseases such as diabetes, congestive heart failure, and cardiovascular disease. It can be instrumental in complex chronic care situations. In addition, the convenience of telehealth may incentivize consumers to pay for out-of-pocket costs. The cost-effectiveness of telehealth is only sometimes considered in economic analyses. Most reports only mention direct health costs. A more accurate assessment would include the cost of running the service and the equipment costs.
Improved quality metrics
In the wake of the COVID-19 health crisis, the healthcare industry has been under pressure to improve patient care. Remote patient monitoring (RPM) programs help clinicians provide faster, more effective care. This type of monitoring allows clinicians to see trends in symptoms over time, helping them prescribe treatments and interventions. It can also reduce the cost of care for patients and the health system. Remote monitoring can help improve quality metrics, such as patient satisfaction and engagement. For example, a study found that using RPM reduced hospital readmission rates by 76%. The benefits of RPM can be found in numerous care settings, including primary and specialty care, ambulatory care, oncology, pediatrics, and post-surgical care. RPM can be billed using five primary CPT codes, providing qualified providers with a financial structure. Some insurance companies have a copay policy for RPM. One of the key features of remote patient monitoring is the ability to isolate vital signs and monitor them for changes in severity. This can be helpful for various conditions, such as diabetes, chronic kidney disease, and oncologic care.