18 min
Episode 39: Why YOU want to add Remote Patient Monitoring to your practice The Private Medical Practice Academy
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- Entrepreneurship
There are several reasons that you should want to add RPM to your practice:
You can take better care of your patientsRPM can improve patient accountability RPM can improve patient satisfactionRPM can help your practice meet value-based reimbursement criteriaYou can get paid for RPMRPM refers to technology and practices that help practitioners track their patients’ health data remotely to design a treatment plan. It’s the process of combining remote patient monitoring technology with devices, and it enables the doctor to monitor vitals and other critical data remotely without the physician actually having to provide the service.
How does RPM work?
A device transmits patient information, usually through a mobile app, which in turn sends the data to the provider’s office. Core requirements include being HIPAA compliant and EMR compatible. The provider-side of the application must have these modules:analytics notification decision support report How RPM actually works:
Physician writes an order for RPMPatient receives the device. Physician office can bill for set up/education as one time charge 99453Patient sends 16 readings/transmissions to physician office and physician office spends 20 minutes on RPM per calendar month in order to bill 99457If an additional 20 minutes are spent, you can bill 99458 (up to 2 x 99458 or 1 hour spent on RPM/month)Things you’ll want to think about when choosing an RPM vendor:
What services does the vendor provide?Some vendors provide a software platformSome provide software + deviceSome vendors offer a completely turnkey solutionWhat is the fee structure for the vendor's services?What additional staff do you need?You will want to build out the revenue and overhead to understand your financial projections from the RPM component of your practice.
The key takeaways:
Remote Patient Monitoring provides many benefits for you and your patients. There are many conditions that can be monitored and a variety of devices to assess them. For RPM to be successful it requires the patient to be compliant with transmitting their data points. That means that everything about RPM needs to be easy for that Want to hear more tips on how to start, run and grow your practice and related medical businesses, please sign up for my newsletter at https://www.thepracticebuildingmd.com
Join my FB group, The Private Medical Practice Academy.
Enroll in How To Start Your Own Practice and get the step-by-step process for opening your practice.
Join The Private Medical Practice Academy Membership for live group coaching, expert guest speakers and everything you need to know to start, grow and leverage your private practice. The course, How To Start Your Own Practice is included in the membership, as a bonus.
Rate, Review, & Follow on Apple Podcasts"I love Sandy Weitz and The Private Medical Practice Academy Podcast." -- If that sounds like you, please consider rating and reviewing my show! This helps me support more people -- just like you -- move toward the practice they want . Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode!
There are several reasons that you should want to add RPM to your practice:
You can take better care of your patientsRPM can improve patient accountability RPM can improve patient satisfactionRPM can help your practice meet value-based reimbursement criteriaYou can get paid for RPMRPM refers to technology and practices that help practitioners track their patients’ health data remotely to design a treatment plan. It’s the process of combining remote patient monitoring technology with devices, and it enables the doctor to monitor vitals and other critical data remotely without the physician actually having to provide the service.
How does RPM work?
A device transmits patient information, usually through a mobile app, which in turn sends the data to the provider’s office. Core requirements include being HIPAA compliant and EMR compatible. The provider-side of the application must have these modules:analytics notification decision support report How RPM actually works:
Physician writes an order for RPMPatient receives the device. Physician office can bill for set up/education as one time charge 99453Patient sends 16 readings/transmissions to physician office and physician office spends 20 minutes on RPM per calendar month in order to bill 99457If an additional 20 minutes are spent, you can bill 99458 (up to 2 x 99458 or 1 hour spent on RPM/month)Things you’ll want to think about when choosing an RPM vendor:
What services does the vendor provide?Some vendors provide a software platformSome provide software + deviceSome vendors offer a completely turnkey solutionWhat is the fee structure for the vendor's services?What additional staff do you need?You will want to build out the revenue and overhead to understand your financial projections from the RPM component of your practice.
The key takeaways:
Remote Patient Monitoring provides many benefits for you and your patients. There are many conditions that can be monitored and a variety of devices to assess them. For RPM to be successful it requires the patient to be compliant with transmitting their data points. That means that everything about RPM needs to be easy for that Want to hear more tips on how to start, run and grow your practice and related medical businesses, please sign up for my newsletter at https://www.thepracticebuildingmd.com
Join my FB group, The Private Medical Practice Academy.
Enroll in How To Start Your Own Practice and get the step-by-step process for opening your practice.
Join The Private Medical Practice Academy Membership for live group coaching, expert guest speakers and everything you need to know to start, grow and leverage your private practice. The course, How To Start Your Own Practice is included in the membership, as a bonus.
Rate, Review, & Follow on Apple Podcasts"I love Sandy Weitz and The Private Medical Practice Academy Podcast." -- If that sounds like you, please consider rating and reviewing my show! This helps me support more people -- just like you -- move toward the practice they want . Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode!
18 min