Remote patient monitoring (RPM) is a rapidly emerging and financially compelling model for modern healthcare systems that leverages connected devices and digital platforms to track patient data outside traditional clinical settings.

RPM is a powerful tool for healthcare systems engaged in population health in light of its proven ability to reduce hospitalizations, particularly in patients with congestive heart failure.  In the case of CHF, this is accomplished by detecting changes in vital signs and weight before the patient develops symptomatic heart failure.  This early detection can lead to upstream medical management that prevents costly emergency care and hospitalization.  

Remote monitoring is also a significant new revenue source for your practice.  Programs including RPM, chronic care management (CCM) and remote therapeutic monitoring (RTM) yield recurring reimbursement without additional cost to the provider, as CMS reimburses a multitude of CPT codes for these services.  Conservative estimates of net collections are $350 per enrolled Medicare beneficiary per year–a figure that can become quite significant for Medicare-heavy practices. 

There is also data to suggest that remote monitoring programs impove patient satisfaction, which can have singificant impact on healthcare systems’ bottom line.  

If you’re ready to explore the financial possibilities for your practice, click the link below to request more information and a demo.