ANALYSIS: Virtual Care May Drive Global Healthcare Market to $2.6 Trillion by 2025
(Mandy Roth at HealthLeaders Media)
ANALYSIS: Virtual Care May Drive Global Healthcare Market to $2.6 Trillion by 2025
(Mandy Roth at HealthLeaders Media)
Remote patient monitoring is covered by Medicare. As of July 2020, it’s also covered by 23 state Medicaid programs, according to the Center for Connected Health Policy. This organization also notes that Medicaid programs in Hawaii and New Jersey have laws requiring Medicaid to provide remote patient monitoring reimbursement but lacked an official Medicaid policy.
A number of commercial payers cover remote patient monitoring within their tele-health coverage policies, albeit with some caveats. The number of commercial payers covering RPM experienced a surge due to the COVID-19 pandemic. While coverage of RPM was on the rise prior to COVID-19, and broader coverage for RPM was anticipated in the coming years, the health crisis accelerated this process. As the Kaiser Family Foundation notes, “… many commercial insurers have voluntarily addressed telemedicine [which includes RPM] in their response to COVID-19, focusing on reducing or eliminating cost sharing, broadening coverage of telemedicine, and expanding in-network telemedicine providers.”
What can you expect to get paid for providing remote patient monitoring services? Here’s some good news: In 2020, the CPT codes assigned to RPM (discussed below) experienced a transformation. This has made RPM one of the better reimbursing Medicare care management programs.
Here’s how remote patient monitoring reimbursement breaks down using average Medicare reimbursement for 2021:
RPM Billing Cycle example:
When these reimbursements are added together, the amount of a single remote patient monitoring patient can earn a practice up to around $210 per month. More often than not, a practice will typically furnish about 20 minutes of RPM care management per month to a patient, which will bring the total monthly reimbursement to around $120 per Medicare beneficiary.
That’s nothing to scoff at. If your practice enrolls just 50 patients into your RPM program and each receives the minimum care management services, that will earn you about $72,000 in annual Medicare remote patient monitoring reimbursement. Even after covering expenses associated, RPM yields significant and — importantly — consistent revenue.
How will you earn those payments? By coding your remote patient monitoring services correctly. Let’s briefly examine the CPT codes assigned to RPM.
Most of your remote patient monitoring services will be billed under four codes. These codes are often split into two categories: RPM “service codes” — 99453 and 99454 — and timed RPM “management codes” — 99457 and 99458.
The RPM service codes descriptors are as follows:
The RPM management codes descriptors are as follows
As of 2021, the Centers for Medicare & Medicaid Services (CMS) have made clear that CPT codes 99457 and 99458 can be furnished by clinical staff under the general supervision of the billing provider.
To reduce the likelihood of claim denials and avoid scrutiny of your billing practices, you must understand the CMS guidelines for remote patient monitoring.
To qualify for reimbursement, CMS expects providers to ensure they follow these remote patient monitoring requirements:
In addition, CMS stipulates that RPM devices must meet the U.S. Food and Drug Administration’s definition of a medical device.
CMS indicated it intended to clarify remote patient monitoring requirements and regulations in 2020 and 2021 but did not do so. We at Avanti expect more details on what qualifies as an RPM service in the near future. Keeping More of Your Remote Patient Monitoring Reimbursement
While remote patient monitoring can serve as a great income-generator for your practice, that will only be the case if you can keep expenses associated with running the program to a minimum. This is one of the areas that the Avanti – Remote Patient Monitoring system really stands out.
With Avanti, setup, integration, and ongoing management of an RPM program, including coding and billing for services, is easy and fast. We might be biased, but we think there’s no simpler or more effective way to launch an RPM program. Interested in learning more? Schedule a no-obligation demo of Avanti Remote Patient Monitoring. If you’re not ready for a demo, call
to speak with a Avanti customer service representative. We’re standing by, ready to help your practice take the next steps toward launching your RPM program.VirtualCare~ A Virtual Solution That Seamlessly Connects Doctors, Patients & Loved Ones
VirtualCare is a comprehensive virtual care solution capable of serving organizations and people anywhere. It links local professions to facilitate the flow of information, consultation and referrals, elevating the level of care in your entire community. Hospitals can refer non-critical patients to practitioners and out of the emergency room. Almost all facilities can expand reach to underserved populations very cost-efficiently. Our system also works well for Chronic Care Management and Remote Patient Monitoring. Can be used with EMRx or used as standalone service.