Medical practices are adopting a wide range of value-based care models with private payers, Medicaid, ACOs, and other initiatives. These changes over the past 10 years have generally imposed significant risks to practices, major changes in operations, and are complex and time consuming to administer. The trend, however, is moving forward quickly and practices are increasingly finding opportunities as well as successfully addressing many of the challenges.
But the pace of change may now even accelerate faster----with the adoption of Medicare’s new Remote Care Management program.
The biggest change in years is the new Remote Care Management billing codes announced by Medicare in October of 2018. Remote Care management is now an official part of Medicare and all patients 65 and older are eligible.
Medicare’s new program isn’t a value-based care model, inherently, it’s more of an opening of a new set of billing codes extending prior programs thereby limiting the risk to practices while providing a significant upside that many observers expect that physicians, patients, and Medicare may find highly beneficial.
Every physician that serves Medicare patients should seriously evaluate participating in the Remote Care Management program (it covers three different billing codes). Practices familiar with Chronic Care Management will see significant improvements in the program.
Engaging with a technology partner to make these programs effective for your practice, and to fit into existing workflows
Practices familiar with Chronic Care Management will see significant improvements in the Remote Care program:
It’s quite clear that this is a major policy shift by Medicare to focus on the primary care physicians relationships with patients to improve patient health by incenting on going interaction between patients and physicians.
RCP’s low monthly costs can be an important part of your efforts to manage readmission risk and include detailed patient data in reports to physicians and hospital systems.
Medicare Home Care Agencies are also looking to RCP solutions to modify care plans that leverage internal resources more efficiently. Our first Medicare Home Care Agencies are experimenting with different application models: one key is that RCP provides virtually continuous data. Other agencies are selectively substituting devices and remote management for labor costs.
Private Duty Home Care Agencies need to adopt technology to meet the needs of their patients and families. A labor shortage is certainly a driving force, however, the low cost per month of a monitoring solution offers the opportunity to create combined services that better provide for patient care. The easy to deploy solution from RCP combined with automated check in services allow for a variety of service offerings, better matching labor resources and meet the budgetary limitations of many seniors and their families. Talk to RCP today about how its capabilities can be best deployed at your Agency.