Tech

The Modern Rules Of Remote Patient Monitoring

Whether you are in the market for an RPM system or not, there are several rules that you should know. If you follow them, you can save time and money while improving patient care.

Demand for RPM is Leading to Supply Shortages

Increasing demand for remote patient monitoring (RPM) devices is leading to supply shortages. However, a new FDA guidance on March 20 provides a quicker pathway for manufacturers to enter the digital remote monitoring equipment market.

Suppliers are looking to lower costs by developing innovative approaches as the market becomes increasingly competitive. This is expected to drive product adoption and lead to an increase in RPM use.

RPM programs can be a game changer for healthcare providers. They can provide insights into patient care, reduce hospital admissions and readmissions, and increase physician and patient engagement. They can also be used to monitor the efficacy of individualized treatment plans.

RPM solutions are becoming more prevalent in the North American market. A growing aging population is driving this trend. In addition, chronic diseases are becoming a large part of healthcare costs. RPM can help to improve patient outcomes and reduce medical fees.

The global market for remote patient monitoring is expected to double over the next five years. However, challenges like lack of awareness, reimbursement, and education still need to be addressed. These issues can hinder the growth of the market.

Cost-Effectiveness of Telehealth

Several studies have shown that remote patient monitoring (RPM) can improve patient outcomes and reduce healthcare costs. This is especially true when it comes to chronic illnesses. It can help patients avoid secondary conditions and infections. It can also improve post-surgical recovery.

RPM also increases patient loyalty. For example, it allows providers to alter patient care plans. In addition, the data collected by remote monitoring devices help providers understand trends. This information helps plan a course of action, which will, in turn, result in more effective preventative care.

A remote patient monitoring platform can reduce unnecessary ER and ED readmissions and the spread of COVID-19, a potentially deadly infection. It also reduces the cost of in-person visits. It also eliminates the inconvenience of driving to an appointment.

The American Heart Association studied the cost-effectiveness of remote patient monitoring in congestive heart failure patients. The study found that RPM was cost-effective in the short term and remained down to the cost of admission.

Reimbursement Rules

Despite recent government efforts to promote telehealth, Medicare’s reimbursement rules still impose barriers to innovation. Expressly, reimbursement for telehealth services is limited to remote sites in rural areas. As a result, some states have relied on Medicare waivers and state legislation to make telehealth more feasible for their residents.

The federal government has enacted several initiatives to accelerate the rollout of electronic health records. This includes the EHR incentive program, which pays physicians for the meaningful use of certified EHR technology. In addition, the federal government has provided $200 million to fund telehealth services across the country and telecommunications equipment.

The most important legislation to date is the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2014. This legislation provides $200 million for telehealth initiatives, including a $100 million Connected Care Pilot program. Additionally, the Federal Communications Commission has allocated $200 million for telecommunications equipment, making it easier for telehealth providers to deliver patient care. However, despite the federal government’s recent efforts, Medicare’s reimbursement rules still impose several barriers to innovation.

Community Healthcare Can Improve Patient Care

Using remote patient monitoring is a valuable tool that can reduce healthcare costs for patients and providers. These benefits include decreased in-person visits, lowering transportation costs, and eliminated caregiving expenses. In addition, telehealth is a great way to improve patient access to health care. RPM also helps providers make more proactive clinical decisions, coordinate care with other providers, and optimize medication adherence.

A study by the Kaiser Family Foundation estimated that widespread adoption of RPM by ACOs could save $6 billion annually. This is a significant saving because of the high cost of medical care. It also allows ACOs to manage chronic and acute conditions better. Using RPM for care coordination can reduce hospitalization rates and improve treatment outcomes. Using RPM in conjunction with other technologies can also improve patient access to care, thereby improving population health.

Telehealth uses electronic communications such as email, telephone calls, and videoconferencing to communicate with providers and patients in different locations. This can help with patient follow-up, disease and readmission monitoring, and post-acute patient stabilization. Telehealth can also provide a means to collect vital signs and other data, such as blood pressure.

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