Generating new income streams is vital to the growth of all businesses. This is especially true for...
Generating new income streams is vital to the growth of all businesses. This is especially true for healthcare companies like home care agencies, assisted care facilities, and skilled nursing facilities. Increasing demand for services combined with a shrinking workforce and greater competition makes it difficult for healthcare companies to be both competitive and profitable.
Conventional health services are only billable when an individual, either a nurse or other healthcare worker, performs a service, in-person. Without additional staff, it is nearly impossible for healthcare workers to increase revenue.
Telemedicine provides an ideal adjunct to traditional medical services by allowing providers to treat and monitor more patients without additional overhead. Patients who would typically travel to an office for a visit can receive medical care from the comfort of their own homes.
The only challenge has been in doctors' ability to collect reliable, accurate vital statistics from patients, both during the visit and after the visit. Some patients may struggle to obtain accurate readings from over-the-counter monitors. In other cases, such as a heart patient, monitors may be challenging to acquire and apply. If patients do have access to remote monitoring devices, the devices often lack the ability to collect all of the vitals and information that healthcare providers need or they lack the ability to integrate with other available devices or software.
Remote Patient Monitoring Services
Whether receiving services at home or in a facility, remote patient monitoring provides continuous, accurate, reliable data to give doctors the information needed to ensure the best possible care.
Remote patient monitoring also bridges the gap for low-income patients that would benefit from continuous care after a surgery or medical incident but cannot shoulder the financial burden. While many families would prefer to have a caregiver with their loved ones around the clock, it may not be feasible.
Continuous remote monitoring ensures that vital statistics are recorded and delivered to the caregiving team, who can easily detect changes in body temperature, cardiovascular activity, or respiratory function. Armed with this information, a remote medical team can gauge the effectiveness of prescribed treatments and use that information to adjust as necessary.
Medicare Is On Board
Medicare recently announced the addition of several reimbursable codes related to remote patient monitoring. These codes allow healthcare facilities and providers to receive reimbursement for daily recording, trend reporting and allow for new revenue streams while improving the quality of care.
After being discharged, many patients are placed on 30, 60, or 90-day recovery plans. Remote patient monitoring allows hospitals to continue billing for services to these patients even after the patient is no longer in the facility.
CareMate is the Ideal Remote Patient Monitoring Solution
CareMate provides continuous remote patient monitoring of:
In addition to surfacing this information in the CareMate app, medical professionals can view population data through the CareMate Dashboard. Registered caregivers receive a daily email that plots the current vital statistics of the patient against the previous period to aid in identifying trends. The data can be easily tied into the patient's electronic medical record to ensure that all medical providers can access the information.
If a fall is detected, an immediate alert is delivered to both family members and the health care team to ensure that assistance is dispatched right away.
CareMate is easy to wear, easy to set up, and delivers unparalleled service. To ensure robust monitoring and maximize billing, CareMate integrates with Bluetooth-enabled third-party devices to provide blood glucose, blood pressure, SPO2, and body weight monitoring. The information collected by these devices is displayed in the CareMate mobile application and Dashboard to provide a holistic view of the patient's health.
CareMate is reusable and rechargeable. The CareMate sensor can be reassigned to new patients ensuring that facilities continue to receive a return on their investment even after several patients have utilized the device.
Unlike many other solutions, CareMate does not operate in isolation; it is built to support collaboration -the collaboration that occurs between the healthcare team, patient, and loved ones and the collaboration that occurs between medical payers and medical providers.
The proliferation of telemedicine is paving the way for new ways of meeting old needs. Low-income and rural patients can receive the same, continuous medical care previously reserved for other populations. Medical providers gain a better understanding of their patient's recovery after surgeries, and loved ones have peace of mind, knowing that their family member is closely monitored.
Learn how CareMate can support your telemedicine goals by contacting a member of our team today.